In March of 2009, and less than two months after Mr. Obama's inauguration, the loonies over at FAUX NOOZ were pounding away at the fact that the stock market had precipitously declined, and therefore, the FAUX NOOZ clowns honked their horns and announced that it was all Mr. Obama's fault; that the financial community had no confidence that Mr. Obama knew what he was doing; and that the stock market would have hit 15 thousand had Sarah Palin been elected vice president [I made that last part up.]
LISTEN TO THE CLOWNS HERE.
From the dailykos:
"Well, now, two years later, the Dow Jones has touched on 12,000 for the first time since the Bush-Republican recession.
For those of you keeping score at home, the Dow closed at 7,949 on Bush's last day in office. That means it's gone up 50% since President Obama's inauguration.
Clearly, that's socialism run amok...liberal thugism on the loose. Oh, for capitalism's good old days when Bush and the GOP steered it straight to the edge of oblivion."
So. Where is the breathless reporting on the stock market now that it touched on 12,000? Gretchen? Bill-O? Joe Scarborough [who is always quick to point out irrelevant connections to events that he clearly doesn't understand], and the rest of the FAUX NOOZ clowns who keep their audience amused and deeply uninformed.
The question is, for those who think FOX "News" has any credibility: Is the stock market doing well now because the financial community believes Mr. Obama knows what he's doing? When it was tanking, FOX unequivocally knew the drop was the result of the business and financial communities having no faith in the 2-month old Obama administration.
Now that the Obama administration is 2 years old, and in accordance with FOX's logic, we have to believe that the business and financial communities have a pantload of faith in Mr. Obama's administration.
Imagine! The stock market has done well under a Socialist, Marxist, Commie Kenyan!
FAUX NOOZ reports, WE deride!