Stocks Saw Worst Year Since Great Depression

False Economy

January 1. 2009

George W. Bush

In 2008 the U.S. stock market suffered its worst year since the Great Depression. George W. Bush’s plan of stealing Iraqi’s oil to create wealth, stating the “war would pay for itself” in this manner, was definitely a case of false economy. It added to and exacerbated corruption in corporate America, that now has to be bailed out using trillions of dollars in taxpayer money.

The money in the U.S. treasury has been incinerated thanks to this stupidity. It is also costing other world economies a fortune.  International investors that bought U.S. based stocks and invested in American corporations lost a lot of money. The war has also driven up the cost of goods and services in the world.

For all the U.S. companies that tried to run their businesses honestly, they lost so much thanks to the corporate giants that decided to be unethical and break the law.

Bush further allowing corporate America to run loose and unregulated was tempting the nation’s most corrupt entities to wreak havoc on the American people and the financial world as a whole.

This was a very expensive lesson to learn, but if the U.S. government doesn’t sober up and clean up corporate America, putting a stop to the theft, fraud and violations of the U.S. Code, 2009 shall be worst than its predecessor.

This is due to the fact that some in corporate America have not learned their lesson from the economic turmoil of 2008. They are jeopardizing and endangering the nation’s financial health, growth and welfare.

US stocks suffer worst year since Great Depression

The worst annual performance for Wall Street stocks since the Great Depression ended with a modest rally on the final day of trading as the Federal Reserve pushed ahead with its plan to buy mortgage-backed securities.

http://www.ft.com