Saturday, February 4, 2012

Taking Stock Of President Obama

And while nobody noticed in the "liberal" media today, both the Dow and the NASDAQ quietly hit milestones on Friday's close under President Obama's supposedly "anti-capitalist" business policies and "crushing regulatory burden" imposed on our poor corporations.

The Dow Jones Industrial Average jumped 156.82 points (1.23 percent) to finish at 12,860.23, its highest closing level since May 2008.

The Nasdaq Composite added 45.98 (1.61 percent) to 2,905.66, its best close since December 2000 and the dot.com collapse.

The broad-based S&P 500 rose 19.36 (1.46 percent) to 1,344.90.

"The S&P 500 Index extended its best start to a year since 1989 as positive employment data brought bids to risk assets," Wells Fargo Advisors analysts said.

Yep, looks like the markets really, really hate President Obama and can't wait to be rid of him.   Why, he's put 6,000 points back on the Dow, doubled the S&P 500 and more than doubled the NASDAQ composite off their early 2009 crash lows.  But he's bad for business, and you'll hear that lie every day from our media for the next nine months.

Now think of where the economy would be without House Republicans blocking everything.  You know what?  You can fix that in November.

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