(Repeats to widen distribution)NEW YORK, Nov 5 (Reuters) - Wall Street hardly delivered arousing welcome to President-elect Barack Obama on Wednesday,dropping by the largest margin on record for a day following a U.S.presidential contest.The slide more than wiped out the previous day's advance, thelargest Election Day rally ever for U.S. stocks.The following table shows the percentage rise or decline in theDow Jones industrial average .DJI, Standard & Poor's 500 index.SPX and Nasdaq composite index .IXIC on the day after a U.Spresidential election and who won the Election Day vote.Year Dow S&P Nasdaq President elect2008 -5.05 -5.27 -5.53 Barack Obama2004 +1.01 +1.12 +0.98 George W. Bush2000 -0.41 -1.58 -5.39 No decision: G.W. Bush v Al Gore*1996 +1.59 +1.46 +1.34 William Clinton1992 -0.91 -0.67 +0.16 William Clinton1988 -0.43 -0.66 -0.29 George H. W. Bush1984 -0.88 -0.73 -0.32 Ronald Reagan1980 +1.70 +1.77 +1.49 Ronald Reagan1976 -0.99 -1.14 -1.12 James Carter1972 -0.11 -0.55 -0.39 Richard Nixon1968 +0.34 +0.16 --- Richard Nixon1964 -0.19 -0.05 --- Lyndon Johnson1960 +0.77 +0.44 --- John Kennedy1956 -0.85 -1.03 --- Dwight Eisenhower1952 +0.40 +0.28 --- Dwight Eisenhower1948 -3.85 -4.15 --- Harry Truman1944 -0.27 0.00 --- Franklin Roosevelt1940 -2.39 -3.14 --- Franklin Roosevelt1936 +2.26 +1.40 --- Franklin Roosevelt1932 -4.51 -2.67 --- Franklin Roosevelt1928 +1.20 +1.77 --- Herbert Hoover1924 +1.17 --- --- Calvin Coolidge1920 -0.57 --- --- Warren Harding1916 -0.35 --- --- Woodrow Wilson1912 +1.83 --- --- Woodrow Wilson1908 +2.38 --- --- William Taft1904 +1.30 --- --- Theodore Roosevelt1900 +3.33 --- --- William McKinley1896 +4.54 --- --- William McKinley* George W. Bush ultimately was determined the winner of the 2000election.Source: Reuters EcoWin
Earlier this year, 12,000 people in San Francisco signed a petition in support of a proposition on a local ballot to rename an Oceanside sewage plant after George W. Bush. The proposition is only one example of the classless disrespect many Americans have shown the president.
According to recent Gallup polls, the president's average approval rating is below 30% -- down from his 90% approval in the wake of 9/11. Mr. Bush has endured relentless attacks from the left while facing abandonment from the right.
This is the price Mr. Bush is paying for trying to work with both Democrats and Republicans. During his 2004 victory speech, the president reached out to voters who supported his opponent, John Kerry, and said, "Today, I want to speak to every person who voted for my opponent. To make this nation stronger and better, I will need your support, and I will work to earn it. I will do all I can do to deserve your trust."
Those bipartisan efforts have been met with crushing resistance from both political parties.
The president's original Supreme Court choice of Harriet Miers alarmed Republicans, while his final nomination of Samuel Alito angered Democrats. His solutions to reform the immigration system alienated traditional conservatives, while his refusal to retreat in Iraq has enraged liberals who have unrealistic expectations about the challenges we face there.
It seems that no matter what Mr. Bush does, he is blamed for everything. He remains despised by the left while continuously disappointing the right.
Yet it should seem obvious that many of our country's current problems either existed long before Mr. Bush ever came to office, or are beyond his control. Perhaps if Americans stopped being so divisive, and congressional leaders came together to work with the president on some of these problems, he would actually have had a fighting chance of solving them.
Like the president said in his 2004 victory speech, "We have one country, one Constitution and one future that binds us. And when we come together and work together, there is no limit to the greatness of America."
To be sure, Mr. Bush is not completely alone. His low approval ratings put him in the good company of former Democratic President Harry S. Truman, whose own approval rating sank to 22% shortly before he left office. Despite Mr. Truman's low numbers, a 2005 Wall Street Journal poll found that he was ranked the seventh most popular president in history.
Just as Americans have gained perspective on how challenging Truman's presidency was in the wake of World War II, our country will recognize the hardship President Bush faced these past eight years -- and how extraordinary it was that he accomplished what he did in the wake of the September 11 attacks.
The treatment President Bush has received from this country is nothing less than a disgrace. The attacks launched against him have been cruel and slanderous, proving to the world what little character and resolve we have. The president is not to blame for all these problems. He never lost faith in America or her people, and has tried his hardest to continue leading our nation during a very difficult time.
Our failure to stand by the one person who continued to stand by us has not gone unnoticed by our enemies. It has shown to the world how disloyal we can be when our president needed loyalty -- a shameful display of arrogance and weakness that will haunt this nation long after Mr. Bush has left the White House.
Mr. Shapiro is an investigative reporter and lawyer who previously interned with John F. Kerry's legal team during the presidential election in 2004.