Obama Defies Pessimists as Rising Economy Converges With Stocks

You can argue how much Obama's policies have affected the overall economy but they've certainly helped the market. I thought Cash for Clunkers was stupid, but Ford just hit a 5 year high. And say what you will about the correlation and stocks and the economy, but people are way more willing to consume big and/or hire when they're comfortable with their savings. All the "big wigs" hoarding the money are the ones spending it. If the market was still sitting at 6k you can guarantee the job situation would be a lot worse.