Markets Plummet On News That President Can Now Fire CEO’s
On a related note, he’s a roughly 10 year look at the Dow that puts the current downturn into nasty, ugly perspective.
Some important dates:
2000: Bush elected
2001: Post-9/11 recession
2003: Bush tax cuts take effect
2007: Democrat majority takes over Congress, promising big new spending and taxes
2009: Obama takes over White House, promising big new spending and taxes
Now, Bush was no paragon of limited government virtue, but it’s clear from the way the market has reacted who the better stewards of the economy were.
