Tuesday, January 18, 2011

Obama’s First 2 Years Were Very Good

Death of another Republican talking point:
While voters may have been unhappy, President Obama has quietly maintained his position as one of the equity market’s most well loved Presidents. As shown in the table below, the 47.6% gain in the DJIA since he took office ranks as the third best first two years for any President since the start of the 21st Century (FDR 90.5% and Coolidge 52.6%).

Note the story should read "start of the 20th Century," as well. Anyway, so much for that “most anti-business President in U.S. history stuff.” The chart: