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Republican Herbert Hoover, 1929. Also known as the Great Depression. Much worse, relative to the size of the market then.

Republican George W. Bush, 2007-2008. Also known as the Financial Crisis of 2008, or, the Great Recession.

Really in 2 month after the inauguration?

He was also president from 2016-2020, and has been a known character in the United States for at least 30 years. I say again: he is someone who knows how to put on a show, but like Leni Riefenstahl and her propaganda, if his mouth is moving, he is lying.