General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCNBC: 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.
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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.
aquart
(69,014 posts)librechik
(30,674 posts)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)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)It's a misnomer that "Wall Street" is against Democrats.
unblock
(52,196 posts)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)But with those numbers, imagine where it could have gone without the hole he had to dig it out of.
unblock
(52,196 posts)holy crap what a mess we'd be in today!
HughBeaumont
(24,461 posts). . . seeing as how they're nothing but one worthless anti-Obama, anti-government, anti-Democratic, pro-corporation RNC propaganda outlet.
BadgerKid
(4,551 posts)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)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.