One year after U.S stocks hit their post-financial-crisis low on March 9, 2009, the benchmark Standard & Poor’s 500 Index has risen more than 68 percent, and it’s up more than 41 percent since Obama took office. Credit spreads have narrowed. Commodity prices have surged. Housing prices have stabilized.
“We’ve had a phenomenal run in asset classes across the board,” said Dan Greenhaus, chief economic strategist for Miller Tabak & Co. in New York. “If he was a Republican, we would hear a never-ending drumbeat of news stories about markets voting in favor of the president.”
If this is what a Democratic President can do, America needs a lot more of it. And don't forget, he's done this with no help whatsoever from Republicans in Congress, who have voted NO on every single economic initiative, hoping Obama's failure would help them return to power. Not happening, dudes.
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