I’m still convinced that the downturn in mid to late 2008 was because the business community saw that Obama was likely to win and it scared them witless.
They were right to be scared, but I refuse to blame the 2008 problems on Bush. I think they were all Obama fear.
I don’t think you’re far off. Every time O spoke during the general the Market dipped. It actually started when he stoled the nomination from Hillary a it been that way ever since.
Business hates uncertainty, which also helps explain why we seem to have a downturn every four years right before presidential elections. Right now, business is fearful over the upcoming healthcare costs, cap & trade and enviornmental reg threats, stimulus money that's being spent to buy votes while business taxes are way too high.
Business was already pulling back, knowing the Democrat congress was over spending and wanted to raise taxes. We have to remember, Democrats controled spending starting in 2007. Bush's fault is he went along with too much of it.