Obama Defies Pessimists as Rising Economy Converges With Stocks

Bulletproof Tiger said

Making those claims are purely political. The market collapse started well before Bush was in office. The market is run on fear and greed. There was too much fear bringing the market down to 6500. At that point, any smart person thought it was undervalued and bought. Whether democrat or republican, no president is responsible for a market gaining 60% in a matter of a few months... especially when no policy or regulation passed.

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I would never argue that Bush caused the colossally dismal market performance during his term entirely nor would I even begin to give Obama's policies over the past 13 months credit for the entire resurrection of the market. I know better, but I was making an important point.

Many "conservatives" argue Democrats are bad for the economy and say big business doesn't like liberals. In reality, they do as shown by market performance. We can sit here and parse theories all we want, but the literal fact is that on Obama's watch we're up and during Bush's watch we floundered so the typical Republican wisdom that big business hates Democrats is awfully stupid.