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Monday, May 20, 2013

This will be making some Right Wing heads asplode today

The very famously business-friendly Forbes magazine, no less, writes the following:

EconomicallyCould Obama Be America's Best President?

From the link:

"...Presidents universally take credit when the economy does well (such as Reagan,) and choose to blame other factors when the economy does poorly (such as Carter.) But there was a clear pattern, and link, between policy and financial market performance.

Although we hear almost no one in the Obama administration taking credit for record index highs, they should. Because the President deserves attention for how well this economy has done during his leadership.

The auto rescue plan has worked. American car manufacturers are still dominant and employing millions directly and in supplier companies. Wall Street reform has been painful but it has re-instated faith amongst investors. The markets are far more predictable than they were four years ago, as VIX numbers demonstrate greater faith and less risk.

Even for small investors, such as thoughs limited to their 401(k) or IRA investments, the average annual compound return on stocks under President Obama has been more than 24% since the lows of March, 2009. This is a better result than either Clinton, Reagan or FDR – who were the prior winners in our book.

To which, we have only one thing to say to the Republicans, the Right Wingers, the Neoconservatives and all the haters out there:

Suck it, beeyotches.


Anonymous said...

Only problem is we are in a world at the moment in which the uber levered average consumer is tapped out and has no more savings or purchasing power.

Mo Rage said...

That's certainly true, of course. We just have to work from the position(s) we're in. We have no choice.

One of the best things we can do for ourselves would be to fight to end campaign contributions so we can get our government back and all that takes is time and organizing, fortunately.