For folks who like to keep score:
The Dow closed at 8,228 on inauguration day.
The Dow closed at 7,114 yesterday (Feb. 23, 2009)
A decline of 1,114 points (13.5%) for the presidency to date.
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The Dow dropped 382 points on the day that Geithner’s speech bombed.
The Dow dropped 298 points on the day that Obama signed the non-stimulus package (the first day that the market was open after the bill was passed).
The Dow dropped 468 points on the days after Obama announced his mortgage modification plan.
The total decline since recovery initiatives were mobilized 1,114 points
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Fasten your seat belt for Obama’s announcement of his intention to increase in the capital gains tax rate in 2010.
Keep the change …
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The Homa Files 
February 18, 2009 at 10:19 am |
This is all Obama’s fault. Bush had the economy in tip-top shape right up until January 20 and then Obama took over and ruined everything. No wonder his approval rating is only 60%. Bush’s never fell below 90%, did it?
February 24, 2009 at 4:17 pm |
The Dow closed at 7,949 on Inauguration Day. Today it closed at 7,351 for a decline of 7.5%.
The Dow declined 21.8% under Bush. He was the first president since Nixon to preside over a declining Dow. Bush’s 21.8% Dow drop was the worst since Hoover (whose term included the 1929 crash).
It is absurd to blame the market’s recent decline on Obama. The market is declining mainly due to the mortgage, credit, and banking crises that were created during the Bush years.