Hey CNBC and the rest of the MSM.... the DJIA is up 13% over past 6 trading days

[scheming daemons]

We all heard throughout February that the DJIA dropping was a referendum on Obama's policies... ad nauseum...

It was the lead story every day on CNBC practically.


Then... Obama simply says "it may be time to buy"... and we've been up for 5 of the 6 sessions since.


Tying Obama (or any President) to the DJIA is assinine and makes no sense... but if you're going to do it, then be consistent about it, you fucks.


The DJIA went from 14100 to 7900 over the final 15 months of Bush's presidency. Why wasn't that nearly 50% decline considered a referendum on Bush's policies???


Here's your bottom line, you Republican fucks at CNBC:

When Clinton took office, DJIA was at 3365
When Clinton left office and Bush took office, DJIA was at 10535
When Bush left office and Obama took office, DJIA was at 7920


Those of us in the market saw a 300% gain during the Clinton presidency, and a 30% loss during the Bush presidency.


Wanna bet the DJIA is above 7920 when Obama leaves office? Damn well guaranteed.


Democratic administrations increase national and personal wealth.

Republican administrations destroy national and personal wealth.



History has shown this again and again. The worst performances for the DJIA all occurred on Republican watches... Hoover, Nixon, Ford, Bush I, Bush II.


Get religion, CNBC. Democrats in power make you more money.

[Median Democrat]

1. Sshhhh! The Mainstream Media Is Busy Trying To Smear Obama With Bush's Mess

Stop confusing the people with facts.

[FrenchieCat]

2. And when the Republican Fucks get into office,

the economy goes into freefall!

And this thread should be dedicated to all of the new Freeper instigators that have flooded DU!

[rufus dog]

3. Only one comment to your great post

Democrats in power end up making more money for everyone. Republicans in power make more money for a selected few.

[Common Sense Party]

4. Why wasn't that nearly 50% decline considered a referendum on Bush's policies???

It was.

[scheming daemons]

5. Not by CNBC and the "business media", it wasn't.....

....

[FrenchieCat]

6. Obviously not....

Since all I still on my television are Republicans being given most of the air time to stop the Democratic agenda at every turn.

[Common Sense Party]

7. By regular Americans it was. Maybe not by the talking heads.

Do you think President Obama would have won by such a margin if everyone's 401(k)'s would have been UP 20% last year?

[FrenchieCat]

8. The OP is addressed to CNBC......

So, we are talking about the bullshit Cable Chatter Channels.

[opihimoimoi]

9. Great Post,,,K&R.... :o)

[Cali_Democrat]

10. Well said

BIG K&R

[old mark]

11. I already heard someone say that Obama is responsible for the

recession and Bush's policies for the last week's upturn.

I think it was a former Bush advisor or aide or such.

mark

[LittleBlue]

12. It's done this every leg of the way down.

We get a 500 or so point rally, and everyone breathes a collective sigh.

Presidents really don't have as much economic influence as the media leads people to believe. They seem to still think of the FDR days, but really it's not like those days at all, with a President having primary influence over the economy. He's really just a large cog in the machine, but with many other large and small cogs.

[ORDagnabbit]

13. the market will falter and fall much further pretty soon.....