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Obama/NASDAQ

13 Mar

Not so bad for a Kenyan, anti-colonial, socialist, anti-american, racist, highly educated(snobby), anti-business, anti-deregulation, —- what am I missing?—– President.

From the Kos:

NASDAQ shrugs off Obama socialism, hits 3,000

by kos

Nasdaq 5-year chart

I thought businesses were unwilling to hirebecause of regulatory uncertainty and Obama’s socialism!

Just two weeks after the Dow reclaimed 13,000, the NASDAQ finally closed above 3,000 (3,039.88, to be exact) for the first time since Dec. 11, 2000 […]Stocks overall closed with their biggest gains this year. They rallied from the opening bell after the government said February retail sales gains were the strongest since September. JPMorgan Chase gave the rally extra juice by announcing it would raise its stock dividend.

Preliminary results show the Dow Jones industrial average closing up 218 points at 13,177. That’s the highest close since the last day of 2007.

So the NASDAQ just closed higher than at any point in the Bush Administration, and the Dow closed at its highest until just before Bush completed his ultimate destruction of the U.S. (and world) economy. The Wilshire 500, which tracks the entire U.S. capital markets, is up doublesince Obama took office.Who knew socialism and “economic uncertainty” would be so awesome for corporate America?

Of course, if you’re a Republican, you’re left scrambling for a way to justify your continued economic attacks on Obama, when they are so patently and absurdedly off base. Thus, enter Allen West:

WEST: Well, I would think maybe the markets are maybe looking five to six months down the road, when we have a change in leadership in this country.

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2 Comments

Posted by on March 13, 2012 in Economy, Politics

 

2 responses to “Obama/NASDAQ

  1. toph

    March 16, 2012 at 3:30 pm

    The right is so unhinged in their arguments at this point I think it is not going to be much of a challenge for Obama to take them apart – tjo, I guess I should not underestimate the stupidity of the average voter

     
  2. h2dog

    March 16, 2012 at 6:35 pm

    I’m wondering just how big the section of crazies is. Because I remember how surprised I was in 2010.
    I think there’s a number of schizoids that bounce back and forth, — as soon as they find out what’s REALLY gonna be taken away from them.

     

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