Thursday, March 7, 2013

Investors hate Obama so much, that stocks have....soared?

As Jonathan Chait notes, some very conservative folks had previously said that President Obama's policies would be bad, predicting that, “Obama’s Radicalism Is Killing The Dow.”   How's that working out?
Since the week following his first election win, the market has soared.
For the last four years, it's been the hallmark of conservative indoctrination: federal stimulus did nothing to save the economy, except to explode federal debt and create an impending inflation / debt crisis, to which we must follow a moral imperative of austerity.

It's kind of silly, but you can't talk rationally to those whose fears are irrational to begin with.

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