BluesLegend
Diamond Member
They crashed it on purpose to win the 2008 election, Democrats ...
i'm sure you really believe that.. it's an oft repeated talking point for clueless parrots.
The decline of 20% by mid-2008 (when George W Bush was President) was in tandem with other stock markets across the globe. On September 29, 2008, the DJIA had a record-breaking drop of 777.68 with a close at 10,365.45. The DJIA hit a market low of 6,443.27 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high.
United States bear market of 2007–09 - Wikipedia
https://en.wikipedia.org/wiki/United_States_bear_market_of_2007–09
These experts, from both political parties, say Bush's early personnel choices and overarching antipathy toward regulation created a climate that, if it did not trigger the turmoil, almost certainly aggravated it. The president's first two Treasury secretaries, for instance, lacked the kind of Wall Street expertise that might have helped them raise red flags about the use of complex financial instruments at the heart of the crisis.
To his credit, Bush accurately foresaw the danger posed by Freddie Mac and Fannie Mae, and began calling as early as 2002 for greater regulation of the mortgage giants. But experts say the administration could have done even more to curb excesses in the housing market, and much more to police Wall Street, which transmitted those problems around the world.
Bush can share the blame for financial crisis
Don't get mad at me, Bill Clinton let the cat out of the bag on this.