The Biggest Problem With American Economy Is…

…Barack Obama. Case in point:

On Nov. 4, after Barack Obama clinched the White House, the market closed at 9,625.28.

In mid-morning trading today, the day President Obama signs his massive Generational Theft Act into law and a day before he unveils a massive new mortgage entitlement, the Dow dropped to to 7,606.53.

Now, imagine if President Bush had presided over a 2,000-point stock market tumble in the same time period — during the first few months of his presidency.

Great start, O.

Just for fun, let’s take a stroll back through history. When did Obama wrap up the nomination for the Democrat party? Early June, 2008. Observe:


Right about the same time, the market began a free-fall that hasn’t stopped yet. McCain never really did achieve front-runner status, so once Obama beat back Hillary, people started gearing up for Obama.

So, although Malkin points out that Obama’s presidency has seen a drop of 2,000 points, I’d go another step further and point out that since Obama has looked like the front-runner for President, the market has fallen by an astounding 5,000 points! That’s about 42%, for those of you who like percentages.

Just to provide some historical perspective, here’s a 5-year view of the stock market…


…and a view clear back to the late 1920s:


Yes, indeed, it appears that the Obamessiah brings change – the market apparently wants a change from him, because he’s poisonous to the American economy.

There’s my two cents.

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I'm a gun-owning, Bible-thumping, bitter clinger conservative in the heartland. You can disagree with me if you want (you do, after all, have a right to be wrong)...just don't be rude or stupid and we'll get along just fine! :)

Posted in Economy, General Politics, Liberal Hypocrisy

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