From fiscal policy to energy policy to foreign policy, the Bush Administration has committed one gaffe after another, and the futures markets have been quick to react, with devastating economic consequences. Read on.....

According to a study of presidential approval ratings by Ned Davis Research that looks back all the way to the days of President John F. Kennedy, when the president’s approval rating is below 35%, as it is now, the Dow Jones Industrial Average Index loses an average of 5.9% per year. When times are good and presidential approval ratings exceed 65%, the Dow rises at an annualized rate of 2.6%.