Remember when every dick of a GOPer was blaming Obama for the stock market’s decline?
On March 3, 2009, the Dow Jones closed at 6,726.02, continuing its drop and, despite his claims, Obamanomics (or at least his plans) have contributed to the evaporation of your retirement accounts. Looking at it in perspective, the Dow Jones is:
- Down 7,438.51 (or 52.5%) since its all-time high
- Down 2,899.21 (or 30.1%) since Obama’s election
- Down 1,223.07 (or 15.4%) since Obama’s inauguration
But there is good news to consider in all this while you down your Tums. In 2010, Republicans have the opportunity to retake Congress and overturn the socialist, stock market destroying policies. Two years later, in 2012, Republicans can recapture the White House and reduce all the taxes Obama, Nancy Pelosi, and Harry Reid raised. The campaign to restore fiscal responsibility (Obama spending trillions upon trillions that we don’t have doesn’t qualify, no matter what he says) begins today!
Well, as of yesterday’s close,
The Standard & Poor’s 500 Index has gained (emphasis added) 15 percent since Obama’s Jan. 20 inauguration, compared with a decline of 9.6 percent in the first five months of the Bush administration and an increase of 3 percent under Clinton.
GOPers, I can’t hear you!
By the way, it was shortly after March 3 when Obama said the stock market was probably then a good investment. It’s up more than 30% since then.