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By Conservatives’ Own Metric — the Stock Market — You Are 67% “Better Off” Than the Day Obama Took Office.

facebook By Conservatives Own Metric    the Stock Market    You Are 67% Better Off Than the Day Obama Took Office. twitter By Conservatives Own Metric    the Stock Market    You Are 67% Better Off Than the Day Obama Took Office. tumblr By Conservatives Own Metric    the Stock Market    You Are 67% Better Off Than the Day Obama Took Office.

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We haven’t really covered the stock market much here at The Daily Dolt — mainly because we try not to bloviate on things about which we know virtually nothing (mavericky!), but also because, from what we’ve heard, the stock market is a fairly volatile thing and not a good measure of how the economy is actually doing. Certainly, it’s not the best way to measure the performance of a president… right?

But then we started doing a little research and found out we were totally wrong.  According to conservative commentators in the early days of Barack Obama’s presidency, the stock market is actually a super important measure of presidential performance.

For instance, back in 2008, Wall Street Journal columnist John Fund warned about “President Obama and the Coming Stock Market Crash” in Newsmax magazine. Rush Limbaugh and Dick Morris were already blaming Barack Obama for a dip in the stock market in November of 2008, one week after Obama was elected and two months before he even took office.

But we really learned the most from Glenn Beck, who warned in 2010 of a pending stock market meltdown as a direct result of secret Muslim President Obama (wait, Obama’s a Muslim? Gosh, you learn something new every day watching the Glenn Beck Show!). Actually, “meltdown” is probably too gentle of a term. He actually compared it to the Hindenburg disaster, with a helpful picture of the Hindenburg explosion to illustrate what Obama was doing to the stock market.

Wow, Hindenburg, sounds serious. And it sounds like whether the stock market is doing well or poorly is a really good indication of Obama’s performance as a president.  So, let’s take a look at exactly how the stock market has performed since the day Barack Obama was sworn into office, January 20, 2009, to today, the day he formally accepted the Democratic nomination to be re-elected president.

If you’re someone like Mitt Romney who was able to invest in the stock market in January of 2009, your money, on average, is up 67% now, with the Dow increasing from 7,949 to 13,292. This is the class warfare that Mitt Romney keeps complaining about.  This is the socialism Barack Obama has allegedly wrought upon America.

Oh, and for context, the Dow was at 10,587 on January 20, 2001, the day George W. Bush took office. It dropped 25% to 7,949 by the time he left office eight years later.

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Obama Inauguration graphic By Conservatives Own Metric    the Stock Market    You Are 67% Better Off Than the Day Obama Took Office.

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facebook By Conservatives Own Metric    the Stock Market    You Are 67% Better Off Than the Day Obama Took Office. twitter By Conservatives Own Metric    the Stock Market    You Are 67% Better Off Than the Day Obama Took Office. tumblr By Conservatives Own Metric    the Stock Market    You Are 67% Better Off Than the Day Obama Took Office.

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6 Responses to By Conservatives’ Own Metric — the Stock Market — You Are 67% “Better Off” Than the Day Obama Took Office.

  1. DowJones, Jr.

    at

    EXCELLENT…JUST EXCELLENT!

    …"This is the class warfare that Mitt Romney keeps complaining about. This is the socialism Barack Obama has allegedly wrought upon America."

  2. Tracey

    at

    No, no, no. You don't understand. The stock market is only a meaningful measure of the economy in certain limited circumstances. If the stock market is up and the president is Republican, then it means something. It also means something when the stock market is down and the president is a Democrat. So you see, it really doesn't mean anything in the present circumstances.

    • barjack

      at

      You tickle my funnybone – I'm laughing like crazy. Gee, maybe I AM crazy . . . after all, I'm a Democrat.

    • Linda (The Daily Dolt)

      Linda the Dolt

      at

      Aha!! I have so much to learn. Thank you.

  3. Truth Teller

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    This is like saying "My savings account has almost doubled in the last 4 years" while my credit debt has grown 33% larger than my yearly income, and I have yet to pay off a dime. Come on liberals, think logically here!

  4. Responsible Member o

    at

    Well, "Truth Teller", maybe if you would been wise and invested some of your money, you would of made some progress. Why is your credit debt grown 33% larger? Stop buying stuff.