text: I retired at the start of the Bush administration, without an employer-funded pension. My retirement savings were severely impacted by the Great Bush Recession and the 4.6% annual losses suffered by the S&P 500 under Bush. Under Obama, as the stock market surged 12% a year not including dividends (the second-longest bull market in history), I recovered everything that was lost under the previous Republican administration and more. Thank you, Obama.