US stocks when measured in other currencies and commodities have been in a bear market since 2000. When priced in gold the DOW was as of 1/2008 down 70% since its peak in 2000. The Republican attempt to blame Obama's current policies, which I agree are very bad, for the general downturn only serves to hide the deeper reasons for our economic problems. The bust we're seeing now is inevitable and was predictable during the Bush years. It's only Obama's bad luck that it landed on his lap instead of W's.