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See How That #$%*@& Socialist Obama Has Wrecked the Economy!

by: mooncat

Tue Apr 03, 2012 at 07:49:40 AM CDT

Read it and weep, Republican naysayers! 

Dow Rises to Highest Level Since 2007 On Manufacturing

The S&P 500 rose 0.8 percent to 1,419.04 at 4 p.m. New York time. The index on March 30 completed its biggest first-quarter rally since 1998.


“The manufacturing data continue to show signs of improvement. It supports our modest pro- cyclical position.” Equities gained as manufacturing in the U.S. expanded at a faster pace than forecast in March, a sign that the industry is weathering slower global growth.


Investors snapped up shares of companies most tied to the economy. 


The S&P’s first-quarter rally sent U.S. stocks above gold by the most in more than a decade, a sign of growing investor confidence in corporate profits as analysts raise earnings estimates for the first time this year. 


“The problem with gold now is that people are starting to accept the economy recovery,” Birinyi, president of Westport, Connecticut-based Birinyi Associates Inc., said in a March 29 phone interview. 

That pinko-commie-socialist-free-enterprise-hater Obama has totally wrecked the US Economy!!!   Just look how he's ruined the stock market since George W. Bush left office ...

Dow Jones Industrial Average

mooncat :: See How That #$%*@& Socialist Obama Has Wrecked the Economy!
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What must those Wall Street raptors be thinking? (4.00 / 1)

All those clients making money, paying taxes, and feeling confident about the economy for the first time in years.

How to explain that success with all the whining they've been doing about financial reforms, consumer protection bureau, etc?

And McConnell, Boehner, & Mitt have an even tougher problem.

loving it.....

"The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness."  - John Kenneth Galbraith

The "Failed Socialist Administration of Kenyan Muslim Obama" has driven the economy into the ground! (0.00 / 0)

Just look at the Dow Jones!

When Obama came into office, it was at less than 8000, never mind, just move along, nothing to see here, these aren't the droids you're looking for...

Now, in all reality, the Dow Jones is a crappy indicator of general prosperity - it is good at indicating how willing players at the Wall Street track are to bet on a particular favorite dog, or trifecta of dogs. 

But the Beltway and Finance Villagers who determine our national discourse have enshrined the DJIA as the oracle of economic prospects.  So, since that is the metric...

Suck on that, BoBo!

Funny how when "capitalism" "succeeds" we get the collapse of 2008.  And when "socialism" "fails" we get Interstates, moon landings, Medicare, and the Internet.

Maybe "capitalism" and "socialism" aren't quite what the 1% and thier minions want us to think they are...

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.
- John Adams



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