A Difficult Start for Bush. Floyd Norris, in the New York Times, writes,
"President Bush, who marked his 18th month in office this weekend, is off to the worst start of any president in the last 75 years . . . With the plunge in stock prices over the last nine weeks, the [Standard & Poor's] 500 has now fallen 36.9 percent since Mr. Bush was sworn in on Jan. 20, 2001. That is the worst record for any president, as measured by the S.& P., which dates back to 1927, and is nearly twice as bad as the record compiled over the first 18 months of Herbert Hoover's administration."
I attribute this largely to a critical mass of us citizenry recognizing incompetence (consciously or unconsciously) when we see it.
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