Dow up 60 percent since Obama took office

[jaysunb]

60 percent: Increase in the Dow Jones Industrial average during the first three years of President Barack Obama's term, up 4,771 points to Friday's close of 12,720 as his fourth year begins.

-24 percent: Decline in the Dow during President George W. Bush's second term from 2005 to 2009, dropping 2,522 points to 7,949.

-1 percent: Decline in the Dow during President Bush's first term from 2001 to 2005, dropping 116 points to 10,471.

http://www.cleveland.com/datacentral/index.ssf/2012/01/dow_up_more_than_50_percent_si.html

[doc03]

1. In Republican speak that means the Dow is up in anticipation

of a Republican winning in 2012.

[cherokeeprogressive]

2. So how much of that "increase" in wealth went to the 1% and how much to the 99%?

[CakeGrrl]

6. I am certainly NOT one of the 1%, and I appreciate it

on behalf of my savings plan.

The impact on the Dow isn't a black-and-white, "have vs. have-nots" phenomenon.

[phleshdef]

8. I'd say theres no doubt that the wealthy benefit the most from a healthy stock market.

But, for those middle classers that have 401k retirement plans, its also an enormous benefit. Anytime we have had a good economy, its good for everybody, the 1% and the 99%. So I wouldn't necessarily say a 12,000+ stock market is a bad thing. We just need to knock that unemployment number down another 3-4%.

[book_worm]

3. Well, I'll say this much since my 401K is tied to the stock market--it has recovered a lot since

Obama became president compared to what it was when Bush left office.

[BumRushDaShow]

4. Actually the Dow was still going down during the first 3 months of 2009

and hit a low of 6,547.05 on March 9, 2009. Since then, it has gained about 6,173 points.

http://money.cnn.com/2009/03/09/markets/markets_new

[JoePhilly]

5. Proves that Obama is bad for business!!

[sendero]

7. The Dow.

.... in particular, and the stock market in general, has zero fuck all to do with the economy at this time so it is hardly a selling point.

And while I'm at it, this great performance is just another bubble that the 1% will pop when they are ready and suck more of the dumbass 99%er's money from them.

Count on it.

[Mimosa]

9. That is the truth! n/t