In the Business section of yesterday’s conservative Chicago Tribune, writer Gail MarksJarvis has a column about the Standard & Poor 500 index’s performance over the last five years. I will use her analysis to further inform the masses of the depth of the damage caused to this country by President Obama’s immediate predecessor, #43. In this connection, see my entries from 1) 2/7/12 about his lack of job creation, 2) 1/31/11 concerning the growth of military spending, and 3) 9/12/12 about the D-Word to describe #43. According to MarksJarvis, when the economy crashed under the end years of #43, the S+P decreased 57%. Ouch! Since then the S+P has gained 49%, according to MarksJarvis. The Dow Jones index is also a common measure of the stock market. When #43 took office the Dow Jones index was at approximately 11,600. When Obama took office the Dow Jones index stood at roughly 8,300. Double Ouch!! As of today the index hovers around 13,300.
While traveling this summer through corn country in Minnesota, I saw a billboard along the highway that read “Stop Obama Socialism.” The billboard highlighted the first letter of each word: SOS. Well, “socialist” Obama has significantly improved the overall stock market his predecessor trashed. That is change that I believe in. If this is socialism, then I am a devotee.
