Nov 06, 2008 16:32
"U.S. stocks slid, sending the market to its biggest two-day slump since 1987, after jobless claims jumped and the shrinking economy crushed earnings at companies from Blackstone Group Inc. to News Corp."
I'd like to point out that the last time we had a sliding stock value at the transition between presidents in 2000, the media blamed it on the market looking forward to Bush's bad economic policies rather than blame the Clinton administration or Congress. I'm not saying they were right back then (seeing as how they were wrong), and I'm not saying that pinning it on Obama is correct, but I'm curious as to what they'll find at fault now.