“The president pointed to a record stock market, as the Dow Jones industrial index and the S&P 500 have both reached new highs under the Obama administration. At the close of business on Friday, the Dow was pushing 16,500, while the S&P has toppled 1,900.”
(1) His base could not care less about the Dow and S&P. (2) Those who might care understand that the value of the Dow and S&P have not gone up. Rather, the value of the US dollars buying stocks has cratered. Not a good thing.
Obama has kept his campaign promise to transform America. He has wrecked it.
3) The funny money which the fed produces is used for gambling on the stock market rather than investing in new factories and hiring people. The stock market right now is as juiced as Lance Armstrong.
Rather, the value of the US dollars buying stocks has cratered. Not a good thing.
How many Obamabots understand that? They only hear what he says, don’t pay attention to what he does.