In March 2004...
And therefore, in 2002 and early 2003, the television screens across America had banners saying, 'March to war' -- and, as business leaders, you understand that's not very conducive to investing capital. Marching to war is not a positive thought.
A president can't move the entire market but it can make it worse.
In Bush's own words he soured the 2002 / 2003 economy with his war mongering.
I guess he was still using his dad's book on economics: "War is good for business"
As even Bush finally noticed 2 years later, a country whose GDP is composed 70% of services (and around 10% high tech) needs stability to sell it's wares.
No one buys services or invests in high tech in times of crisis...
Bush's "eureka!" came 2 years later.
DUH! Are you sure you earned an MBA ?
To see how the mid 2002 war affected the economy even more than 9/11 just look at this:
See also:
Daily Kos || Oil prices and their ripple effect on the economy
Daily Kos || Kerry: Bush's blunders in the ME raised Oil prices
Daily Kos || While We'll Never Run Out Of Oil, we will run out of cheap oil