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Stock Market Has Worst Post-Election Drop Since Last Time Obama Was Elected

Posted By Daniel Greenfield On November 7, 2012 @ 4:29 pm In The Point | 35 Comments


It’s almost like electing a man who has dedicated his time in office to destroying the American economy…. has economic consequences [2].

The Dow Jones industrial average is down 2 percent, putting it on course for one of its worst one-day drops following a U.S. presidential election. The biggest, in 2008, came in the midst of the financial crisis on the day after President Barack Obama won his first term.

The men whose victories did really bad things to the stock market like Obama’s? FDR and his corrupt Vice President, Harry Truman. And before you start thinking cliches about the Greatest Generation, FDR didn’t save America from a depression, he buried it deep inside one, until a global war shook it out.

And there’s more good news where that came from.

In the past week, the stock market has suffered through two of the worst single-day point drops in history.

People with hope for the future hardest hit. But don’t worry, the recovery is coming. There’s plenty of government jobs. Now we just have to find someone to pay for them.

Maybe China wants to lend us another 10 trillion?

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[1] Image: http://frontpagemag.com/2012/dgreenfield/stock-market-has-worst-post-election-drop-since-last-time-obama-was-elected/perilously-perched-at-the-ledge-stock-market-support/

[2] has economic consequences: http://www.washingtonpost.com/business/stock-market-on-course-for-one-of-its-worst-plunges-on-day-after-a-us-presidential-election/2012/11/07/24bbd91a-2910-11e2-aaa5-ac786110c486_story.html

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