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.