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realclearworld

Thank you, President Obama

The economy seems to be showing signs of recovery and that is good news for Americans and to no lesser degree, the world also. The stock market has been enjoying a surge over the past couple of months and although unemployment continues to grow, it is historically a lagging indicator of where the economy is going. Nevertheless, there are still some economists that believe the worst is yet to come, but no one can deny that there are definite signs that things are starting to turn around.

The reasons behind this apparent resurgence in the stock market are complex and manifold, made all the more complicated by the fact that free economies are cyclical, rising and falling over time regardless of how hard we try to manipulate it. However, I think we have to be fair here and give at least partial credit where partial credit is due.

I believe one of the major factors behind this ostensible recovery in the stock market is President Obama and his policies. History has shown that presidents can have a profound effect on the stock market, both positive and negative. And we all should to give a big thanks to President Obama for all he has done to help our economy get back on track.

At this point many of you may be asking: what exactly has he done? Well, he has done quite a lot. By pushing an unpopular agenda and allowing the Congress to lurch to the extreme left, unchecked and unchallenged, his poll numbers have plunged. In a mere six months he has gone from the darling of America to one of the most--if not the most--polarizing presidents in the history of the US. His popularity drops every day while his negatives continue to rise. All this comes as bad news to the president, but according to this news article, history has clearly shown that plunging approval numbers for a president can equal surging stock markets for the country.

MARKET APPROVAL
STOCKS RALLY WHEN PREZ RATINGS DIVE

AS if the announcement this week that actor Josh Brolin will play an evil short seller in the sequel to the movie "Wall Street" wasn't enough of a contrarian signal to go long on stocks, what about this?

History shows that when the approval rating for a US president dips below the magical 50 percent mark, it is also typically the time to buy.

Let the Obama rally begin!

Of course, the rally began back in March when the president's poll numbers had virtually nowhere to go but down. Now, with a summer of discontent over health care reform and the state of the economy, President Barack Obama' s approval ratings are plunging fast -- in the low 50s in most polls -- and stock prices are surging.

This comes as no surprise to market historians who know that poor presidential approval ratings make for strong stock- market profits.

So, join me in thanking President Obama for his role in this economic recovery. Thanks to his mistakes and plunging poll numbers, we might all enjoy a robust economy again sooner than we think.

Keep it up, Mr. President! You're doing a lousy job and gosh darn it, that might be just what this economy needs!

6 comments to Thank you, President Obama

  • Honey

    There are those who suggest two reasons for the stocks' going up. One is that companies have had to let go of many employees, thus the rising unemployment, and have cut back on expenses. So, the companies that survived, now lean and mean, have stock numbers that fell, and now have nowhere to go but up.
    Also every time one of Obama's proposals fail, that gives a big boost to stock numbers.

  • asombra

    That's President Barack Hussein Obama to you, Cruz. What are you, xenophobic or something? Or just racist? Man, I don't know what Jeremiah Wright will say about this. But I expect he'll think of something...

  • I agree Alberto. The economic recovery is going to happen eventually; in spite of the President's policies, not because of them. The free markets clearly rejects the irrational economic desisions being made in Washington D.C., driven purely by political gain.

  • raylove54

    Now after reading this post I am really confused!...............

  • Cato

    Alberto I agree 110% Obama is the most polarizing president since GWB, The sad thing would be that if on top of GWB'S Patriot Act and No Child Left Behind we ended up with Obamacare too boot.
    I still say GHB and GWB are the worst things to happen to the Republican Party since the "progressive" TRex. Where's Calvin Collidge when we need him?

  • FreedomForCuba

    Cato,

    Go and take another gulp of kool-aid. Please don't choke on it.