# Our 44th President, Barack Hussein Obama **URL:** \ **Category:** PittSpeed Off Topic\ **Created:** [November 4, 2008, 8:42pm UTC](https://forums.speedlife.net/t/our-44th-president-barack-hussein-obama/200520 "2008-11-04T20:42:22Z")\ **Posts on this page:** 1\ **Showing post:** 121
**Author:** ![MBH](https://avatars.discourse-cdn.com/v4/letter/m/a6a055/32.png) [@MBH](https://forums.speedlife.net/u/MBH)\ **Post date:** [November 6, 2008, 11:47am UTC](https://forums.speedlife.net/t/our-44th-president-barack-hussein-obama/200520/121 "2008-11-06T11:47:18Z")
> [@HOW TO: convert new civic SI to MUGEN](https://forums.speedlife.net/t/how-to-convert-new-civic-si-to-mugen/38609/9): > > The market didn’t exactly respond well. Dow and Nasdaq down 5%. > > Predicted response: > > Democrat: it’s not because of Obama being elected, the market does it’s own thing. > Republican: it’s because of Obama. > > When the market was down before the election, the argument was reversed, just insert Bush instead of Obama. > > That’s why I hate all of you. 🙂 Here is the thing, Obama might have forgotten who the big players in the stock market are when he was digging around in his ass for his tax proposals. If he’s going to jack up the capital gains tax, then he should expect for the stock market to go down while the “rich” (read: smart) cut their losses and pull out of the stock market. How hard is that to follow? edit: illustration of what happens to the DOW when you elect a president that wants to double capital gains tax. ![http://i135.photobucket.com/albums/q132/BRAD19692007/DOW-2.jpg](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/9/f/9f25359e67ceaa208607e18c82de2982619f02b8.jpeg) Wall Street hardly delivered a rousing welcome to President-elect Barack Obama on Wednesday, dropping by the largest margin on record for a day following a U.S. presidential contest. The slide more than wiped out the previous day’s advance, the largest Election Day rally ever for U.S. stocks. The following table shows the percentage rise or decline in the Dow Jones industrial average .DJI, Standard & Poor’s 500 index .SPX and Nasdaq composite index .IXIC on the day after a U.S presidential election and who won the Election Day vote. Year Dow S&P Nasdaq President elect 2008 -5.05 -5.27 -5.53 Barack Obama 2004 +1.01 +1.12 +0.98 George W. Bush 2000 -0.41 -1.58 -5.39 No decision: G.W. Bush v Al Gore\* 1996 +1.59 +1.46 +1.34 William Clinton 1992 -0.91 -0.67 +0.16 William Clinton 1988 -0.43 -0.66 -0.29 George H. W. Bush 1984 -0.88 -0.73 -0.32 Ronald Reagan 1980 +1.70 +1.77 +1.49 Ronald Reagan 1976 -0.99 -1.14 -1.12 James Carter 1972 -0.11 -0.55 -0.39 Richard Nixon 1968 +0.34 +0.16 — Richard Nixon 1964 -0.19 -0.05 — Lyndon Johnson 1960 +0.77 +0.44 — John Kennedy 1956 -0.85 -1.03 — Dwight Eisenhower 1952 +0.40 +0.28 — Dwight Eisenhower 1948 -3.85 -4.15 — Harry Truman 1944 -0.27 0.00 — Franklin Roosevelt 1940 -2.39 -3.14 — Franklin Roosevelt 1936 +2.26 +1.40 — Franklin Roosevelt 1932 -4.51 -2.67 — Franklin Roosevelt 1928 +1.20 +1.77 — Herbert Hoover 1924 +1.17 — — Calvin Coolidge 1920 -0.57 — — Warren Harding 1916 -0.35 — — Woodrow Wilson 1912 +1.83 — — Woodrow Wilson 1908 +2.38 — — William Taft 1904 +1.30 — — Theodore Roosevelt 1900 +3.33 — — William McKinley 1896 +4.54 — — William McKinley - George W. Bush ultimately was determined the winner of the 2000 election. Source: Reuters EcoWin Day 1: Change accomplished hope the kool aid tastes good guys, cause you’ll need to drink a lot of it these next 4 years ☹ --- _[View the full topic](https://forums.speedlife.net/t/our-44th-president-barack-hussein-obama/200520)._