Actually it’s more than a year, but let’s look back. You’ll recall that, after the inauguration ball balloons deflated, the Republicans started to blame the stock market collapse on Obama, or at the very least, they pointed to the stock market as proof that American business did not believe in Obama’s politics. They pointed to the Dow, as of March 3 of last year, being down 30% since Obama’s election and 15% since Obama’s inauguration.
So where are we today, 17 months after the president’s election and not quite 15 months after his inauguration:
Since his election, the Dow Jones Industrial Average is up 14%.
Since his inauguration, the DJIA is up 38%.
So why isn’t the GOP giving him credit now?
(Thanks to the “Ed Show” on MSNBC for reminding me of this.)