This article in the Wall Street Journal from famed econmist Arthur Laffer, sums it up best:
“Giving more money to people when they fail and taking more money away from people when they work doesn’t increase work. And the stock market knows it….
The stock market is obviously no fan of second-term George W. Bush, Nancy Pelosi, Harry Reid, Ben Bernanke, Barack Obama or John McCain, and again for good reasons.
These issues aren’t Republican or Democrat, left or right, liberal or conservative. They are simply economics, and wish as you might, bad economics will sink any economy no matter how much they believe this time things are different. They aren’t.