NO. Obama isnt happy when the markets go up. He has systematically been hammering them down. At first I thought he was just an idiot. Now I think it’s on purpose. If your 401k is worthless, you lose your job and your health insurance then you surely need the govt to step in and take care of you. The 401k mess ( values dropping into the toilet) certainly takes away the idea of privatizing social security. Can’t trust the market. You have to trust SS to take care of you in retirement. Up markets don’t make Obama more powerful. Down markets do.
Obama will take a lot of credit for an up market based on NO real good fundamental economic data. When the public see the market up they think that the economy is doing great and they will credit Obama. Obama policies are working they say. They say Obama is right in spending trillions of dollars on welfare and social program, Obama is right in taxing the heck out of the producers, and Obama is right in printing more money. The media will make sure to tell them that everything is OK because the DOW is up. Is anybody talking about an 8.5% unemployment rate? No. How about the 750,000 lost job last month? No one talking about it. But they are all celebrating a DOW above 8000. All this will benefit Obama greatly. A more politically powerful Obama will go on to impose further socialism. The markets will eventually go down once the whole economy will collapse upon the burden of socialism.
There have been some really good points in this thread about Obama’s intent with respect to the markets. I can only add that it appears to me everytime the market seems to get some footing, begins an ascent of some sort, Obama intrudes with some cockamamie socialism event that then sends the market back down. The latest was the ouster of GM CEO Rick Wagoner. These events, as you suggested, do seem orchestrated by Obama to taint any momentum in the markets. It’s becoming uncanny. Stay tuned......
I think the market is being sabotaged on purpose, too
All it takes is a well timed comment by an “unnamed” source to drive prices up or down
But I think this latest “rally” is being permitted because 1)the market is affecting the messiah’s polls, and
2) even the WH bolsheviks like Rahm Emmanuel Greg Craig and David Axelrod and their useful tool turbotax Tim realize they need to feed the goose (economy) enough to lay some more golden eggs to fund their goals