Friday, March 16, 2012

PERRspectives: GOP Drops "Obama Bear Market" Myth as Dow Hits 13,000

PERRspectives: GOP Drops "Obama Bear Market" Myth as Dow Hits 13,000
"Despite a mountain of data and the overwhelming consensus of economists to the contrary, Republican leaders including House Speaker John Boehner and would-be President Mitt Romney continue to falsely claim "Obama made the economy worse." But another tried and untrue GOP talking point about the supposed "Obama bear market" has largely vanished. Of course, with the Dow Jones now at 13,000 and the NASDAQ at 3,000, Republicans should be silent. After all, with the indexes at four year highs, Barack Obama is just the latest to show that the stock market almost always does better under Democratic presidents."