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sabra

(30,404 posts)
Fri Sep 7, 2012, 02:41 PM Sep 2012

CNBC: The stock market has done better under Obama than with any other recent president.


http://www.cnbc.com/id/48940520

Guess Which President Has Been Best for Stocks?

The U.S. economy may not be recovering as fast as President Obama likes, but at least he can make one claim: The stock market has done better under his watch than with any other recent president.

Since Obama's inauguration on Jan. 20 2009, all three major U.S. stock indexes are up more than 60 percent. The Nasdaq Composite [.NCOMP 3135.36 -0.45 (-0.01%) ] alone has soared a whopping 105 percent.

...

The president also would have to credit Federal Reserve Chairman Ben Bernanke for much of the recovery. The central bank's quantitative easing, which was launched in reaction to the financial crisis, has pushed interest rates so low that stocks have looked attractive by comparison.

Even so, the market has performed better during Obama's 43 1/2 months in office than in any of the five prior administrations. In fact, the S&P 500 has outperformed most of the major world indexes during his presidency.



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CNBC: The stock market has done better under Obama than with any other recent president. (Original Post) sabra Sep 2012 OP
Please explain why Wall Street NEVER figures that out? aquart Sep 2012 #1
they really really don't want anybody but rich white males in the club librechik Sep 2012 #4
They're also willing to cut off their noses to spite their faces meow2u3 Sep 2012 #7
"Wall Street" has figured it out. That's how they make money. cbdo2007 Sep 2012 #8
frankly obama has to give a lot of credit to shrub for this unblock Sep 2012 #2
I was thinking the same thing liberal N proud Sep 2012 #3
on the other hand, imagine if mclame had won. unblock Sep 2012 #9
Probably Pains "Crap, Nothing But Conservatives" to say that . . . HughBeaumont Sep 2012 #5
One would be even better off had one BadgerKid Sep 2012 #6
Bush should share in the credit central scrutinizer Sep 2012 #10

librechik

(30,674 posts)
4. they really really don't want anybody but rich white males in the club
Fri Sep 7, 2012, 02:58 PM
Sep 2012

they really really will do ANYTHING to keep them out. Even shoot themselves in the foot. Why? Because they are stupid and conservative rich white males. And they are willing (if not intent on) lying to improve their situations.

meow2u3

(24,761 posts)
7. They're also willing to cut off their noses to spite their faces
Fri Sep 7, 2012, 03:16 PM
Sep 2012

Conservo rich white boys (they're not men emotionally; I chose my words carefully) would rather lose their shirts than accept that a black guy helped their portfolios. They're biting the hand that feeds them.

cbdo2007

(9,213 posts)
8. "Wall Street" has figured it out. That's how they make money.
Fri Sep 7, 2012, 03:19 PM
Sep 2012

It's a misnomer that "Wall Street" is against Democrats.

unblock

(52,196 posts)
2. frankly obama has to give a lot of credit to shrub for this
Fri Sep 7, 2012, 02:50 PM
Sep 2012

in the sense that shrub gave obama such a low starting point, there was nowhere to go but up!




good lord, what a disaster shrub was! the dow actually went down during EACH of his terms!

liberal N proud

(60,334 posts)
3. I was thinking the same thing
Fri Sep 7, 2012, 02:54 PM
Sep 2012

But with those numbers, imagine where it could have gone without the hole he had to dig it out of.

HughBeaumont

(24,461 posts)
5. Probably Pains "Crap, Nothing But Conservatives" to say that . . .
Fri Sep 7, 2012, 03:00 PM
Sep 2012

. . . seeing as how they're nothing but one worthless anti-Obama, anti-government, anti-Democratic, pro-corporation RNC propaganda outlet.

BadgerKid

(4,551 posts)
6. One would be even better off had one
Fri Sep 7, 2012, 03:10 PM
Sep 2012

managed to be out of the market, or to have hedged against it, from mid-2008 through early 2009. Or better yet, from late 2007 through early 2009.

On a semi-related note, I wonder if there will be a market sell-off by the end of this calendar year, especially in view of the ACA rules that come into effect in 2013.


central scrutinizer

(11,648 posts)
10. Bush should share in the credit
Fri Sep 7, 2012, 04:03 PM
Sep 2012

It would be a lot harder to have a 68% gain in 3.5 years without first having a 17% loss. By almost destroying the economy, Bush did what he could to help.

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