Barack Obama Is Good For Capitalism & Investors

A few days ago I provided an example of  as conservative writer who became so accutomed to right wing claims that Barack Obama is a socialist that he was shocked upon listening to Obama’s actual economic beliefs. The following day I presented a video of Austan Goolsbee, Chairman of the Council of Economic Advisers, explaining the Obama administration’s economic strategy. Again, hardly socialist. Bloomberg also had a report showing how Barack Obama does not receive the respect he should from investors. The article began:

Investors around the world say President Barack Obama is bad for the bottom line, even though U.S. corporations are on track for the biggest earnings growth in 22 years and the stock market is headed for its best back-to- back annual gains since 2004.

That is actually no surprise considering how  historically the economy and stock market have done better under Democrats than Republicans.

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16 Comments

  1. 1
    Ralph says:

    The other side of this story is that moderating the power of capitalist enterprises is completely off the table for either major political party in the U.S.
    Which actually explains quite a lot, including Robert Gibbs’ deep disdain for what he labeled “the professional left.”

  2. 2
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  3. 3
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  6. 6
    Nick says:

    RT @BrettR4763: RT @RonChusid: #Obama is no socialist. He's been good for capitalism & investors. #p2 #p21 #topprog http://bit.ly/c6Jx1U

  7. 7
    Robot J. McCarthy says:

    Ra Ra Rasputin RT @ronchusid #Obama is no socialist. He's been good for capitalism & investors. #p2 #p21 #topprog http://bit.ly/c6Jx1U

  8. 8
    Phlip says:

    RT @RonChusid: #Obama is no socialist. He's been good for capitalism & investors. #p2 #p21 #topprog http://bit.ly/c6Jx1U

  9. 9
    Stephen Pollard says:

    RT @RonChusid: #Obama is no socialist. He's been good for capitalism & investors. #p2 #p21 #topprog http://bit.ly/c6Jx1U

  10. 10
    Mugwumpie says:

    RT @RonChusid: #Obama is no socialist. He's been good for capitalism & investors. #p2 #p21 #topprog http://bit.ly/c6Jx1U

  11. 11
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  12. 12
    Brandon Roark says:

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  13. 13
    TWEET INVESTORS says:

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  14. 14
    People of America says:

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  15. 15
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  16. 16
    Kristen Hartley says:

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