Obama’s Third Year Tanks S&P 500
This chart from The Club for Growth shows the performance of the S&P 500 in the third year of the first term of each of the last seven presidents. Obama comes in dead last. The Chart is prepared by S & P which has made this study since 1957, and released the third year figures for all presidencies beginning with Nixon’s in 1971.
Belladonna Rogers at PJ Tatler says:
Enjoy your 17-day vacation in Hawaii, Barry. The country is doubtless better off the further you are from your desk in the Oval Office. Three years of your sitting there have yielded the opposite of hope. That would be despair.
The chart show why Rush Limbaugh said in 2009, “I hope he fails.” Looks like he succeeded, by his measure.
I just used this quote in the last post immediately below but it apropos here as well so I’ll use it again:
Democracy should give the people what they want — good and hard.
— H.L. Mencken
In 2008 the people wanted Obama’s hope and change. They, and their 401k’s, got what they wanted — good and hard.