“One of the ironies of Barack Obama's presidency is that he's considered anti-business. The reality is business has fared remarkably well under Obama, especially compared with many other constituencies that have struggled.”
US News and World Report
Before there was Obama, there was an unwritten law of economics that said the performance of the stock market generally mirrored that of the underlying economy a few quarters down the road. In other words, if there was a nice pick up in the Dow Jones today, we’d most likely see GDP growth 6 months from now.
But this hasn’t been happening in the last 4 years. Sure, the market has come back from its lows of March 2009, but there have also been plenty of dips along the way. More importantly, the typical indicators of true economic health – GDP and Job growth have yet to appear.
How could this be?