Monday, January 23, 2012

The Stock Market Lovesd President Obama

The stock market has gained 60% since overall since President Obama's Innauguration, a feat that only Bill Clinton, Dwight D. Eisenhower, and Franklin Delano Roosevelt can claim. However, correlation does not always equal causation. Pres. Obama took office shortly after the market's bottoming out, which historically is always a time of massive growth. Pres. Obama is oftentimes seen as pro-business control, arguing that he may perhaps have not helped it much at all. There have been several policies by him that have caused large economic losses, such as the failing of the Super-Committee last month. The overall changes seem promising, but we can not yet identify the president's impact on the market's gains.

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