Tuesday, January 4, 2011

Stock Market Booming Under Comrade Obama's Socialist Regime

In November, the Commerce Department reported that American businesses earned profits at an annual rate of $1.659 trillion–their best quarter ever. In another ironic departure from the Alaskan Misinformer's prediction of "socialism" under Obama, the stock market has been booming during his "anti-business" presidency. From Global Macro Monitor, which tracks markets and the global economy (click on the image to enlarge):

The stock market as measured by the S&P500 is up just about 50 percent since President Obama’s inauguration to today’s close [Dec. 31, 2010]. Only Eisenhower comes close, but not even in the same zip code.

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