Never pass up a chance to sit down or relieve yourself. -old Apache saying

Tuesday, February 18, 2014

BushToll

BushToll?

No, not the Bush Toll Road, which I hope does not exist, although I feel like we may be paying the "Bush Toll" until the day we fucking die.  That ass.

No, BushToll is a website that reminds us of the  immensity of the disaster that was the two pathetic terms of Gee-Duhhhhb.  Pathetic unless you were one of the 1% during that time, of course.  It's a filthy, sometimes dangerous and thankless task and it's rancid enough to poison your soul, but somebody had to do it.

About BushToll

At BushToll we present the facts and figures of the George W. Bush legacy. We acknowledge that these facts paint an unflattering portrait of the 43rd U.S. President. Unfortunately, Bush loyalists and their media allies are working overtime to rewrite the Bush record.

The Bush Stock Market Collapse

Here’s a BushToll nugget that pretty much speaks for itself. When George W. Bush took office on Jan. 20, 2001, the S&P 500 stock market index stood at $1,342.54. The day he left office, it was $805.22, a drop of 40 percent
The Dow Jones Industrial Average fared a bit better. It dropped only 25 percent. Sadly, the tech-heavy NASDAQ shed 48 percent of its value on President Bush’s watch.
As they say, a picture is worth 1,000 words (might need to click to view the pics):



Source Data: Yahoo Finance, Historical Quotes
1/19/20011/20/2009Decline
S&P 500$1,342.54$805.22-40%
Dow Jones Industrial$10,587.59$7,949.09-25%
NASDAQ$2770.38$1440.86
-48%



Just for contrast, here is a snapshot of the stock market from Jan. 20, 2009 to present (Dec. 23, 2013):



On an historical note, in Sept. of 2012, Bloomberg News reported on the fact that the stock market, corporate earnings, and GDP do better under Democratic presidents than Republican presidents:

(hopefully they won't stick another John Cornyn ad in there)


This is just one of the many, many articles you will find on BushToll.  So go here and be reminded of the greed and ignorance that we all  barely survived.  

Remember what George Santayana once said: "Those who cannot remember the past are condemned to repeat it."  Please, no.  Another two terms like Gee Duhbya might just destroy the country for good.

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