While media figures and outlets continue to use the term “Obama bear market” to refer to the 20 percent drop in the stock market since President Obama’s inauguration, a Media Matters for America search of the Nexis and Factiva databases* for the term “Bush bear market” found no uses of that phrase from the end of 2005 through the end of his presidency, despite there having been a second bear market.
And if the market begins to recover? As CNBC spazzy white guy Mark Haines said on Morning Joe today: “The market is going up because it’s done going down.”
Smart! And consistent!