Media Baffled: Why Isn’t Rising Stock Market Helping Obama?

Posted by on Apr 21, 2014 at 9:29 am
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Frankly, it’s the only bright spot about the economy during his reign of error. He’s failed at everything else, but somehow the stock market has doubled since 2009. Of course, he has nothing to do with it.

A 98 percent gain in the stock market should be a boon to any sitting president, but that hasn’t been the case for President Obama.

The Dow Jones Industrial Average has nearly doubled in value since Obama took office, but the stock surge has done little to chip away at lingering pessimism about the economy and how the president has handled the economy.

Gas prices have more than doubled, food prices are skyrocketing, he refuses to give Keystone the green light, millions lost their health insurance, we’re a global laughingstock thanks to his foreign policy ineptitude and his scandals are so voluminous it’s hard to keep track. A real head-scratcher as to why his approval is so anemic, huh?

The market has been more volatile at the outset of 2014, but still stands vastly ahead of the dark days when Obama first took office. But polling consistently shows that while Wall Street is back on its feet, many voters are still looking for their recovery.

That leaves Democrats looking to strike a balance between noting the progress the economy has made, while hammering home an inequality message aimed at the continued discontent.

“No politician at this point wants to be defending the performance of the economy today, and you shouldn’t be. It’s still really bad,” said Josh Bivens, director of policy and research at the left-leaning Economic Policy Institute.

Is it any wonder the Democrats have nothing but class warfare to run on this year?


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2 Responses to “Media Baffled: Why Isn’t Rising Stock Market Helping Obama?”

  1. SNuss on 21/21/14 at 11:43 am

    Perhaps it is because reality is finally settling in.

    “Quantitative easing” has inflated our currency, driving prices up. The stock market is the only aggressive investment option, because interest rates are being kept artificially low.

    We have millions of unemployed, and under-employed people, while welfare, and other government assistance programs continue to grow to record highs.

    ObamaCare, and other massive regulations, are stifling business growth.

    In foreign affairs, our enemies laugh at us, and our allies no longer trust us.

    And to top it off the Obama regime fails to approve the Keystone pipeline, to appease the environmentalist Left.

    It seems that Obama is following Cloward-Piven economic policy, and is right on target to destroy this Republic, from within.

  2. kevino on 21/21/14 at 12:30 pm

    In a recent poll, only 24% of average Americans have money in stocks. More people have their money in gold. (With the Fed debasing the currency with Qualitative Easing (QE), go figure.)

    I’m sure many more would like to invest, but they are afraid that the bull market is over do for a major correction, and they don’t have the money as they lost their good paying job and are squeaking by on a part time job that is even worse now that their hours got cut due to Obamacare. And all that QE is making real inflation (e.g. the cost of gasoline, food, and electricity) hard to handle.