Today, briefly, the stock market Dow Jones Industrial Average went over 13,000 points, doubling the level it was at in March 2009, shortly after Barack Obama became President.
With 87 percent of people earning over $75,000 a year investing in the stock market in either IRAs or 401K Retirement Plans, that cannot make these people other than happy.
This is an amazing recovery, and makes it much more difficult for Republicans to use the economy against President Obama.
It also is a fact that Obama can now claim the FIFTH best stock market record of any President, only behind in order, Franklin D. Roosevelt, Calvin Coolidge, Bill Clinton, and Dwight D. Eisenhower!
As a result, we are having Republican candidates debating social issues instead of the economy, and in so doing, alienating independents who do not want social intrusion by government into their lives. One can be assured that when Rick Santorum, for instance, says Satan has his designs on the United States, that eyes are rolling all over America, as Rick shows more than ever with every utterance that he is a dangerous man, who only religious extremists on the Christian Right can cheer, but it is causing havoc for Mitt Romney as he must try to match Santorum to have a chance to survive for the nomination, although in so doing, Romney marginalizes himself for the Presidential election this November!
More true colors from Pastor Rick. Caught this in today’s Boston Globe. As to the economy, future caution with oil prices shooting up and the Republican nominee ultimately pinning it on Obama and his refusal to approve the XL pipeline! And I still have a jaundiced eye to the Greek agreement only postponing its ultimate default. The overall economy is still very, very tentative.
http://www.bostonglobe.com/arts/2012/02/21/rick-and/fflucqNP5aC0BemPy9uoRL/story.html