Blaming Obama for the Dow
The Republican National Committee emails reporters President Obama’s comment that “the stock market is sort of like a tracking poll in politics” and that people should fret about it. The RNC writes:
Please note President Obama’s comments at today’s media avail that he is not spending much time “worrying about that.”
The sinking Dow Jones Industrial Average is emerging as an attack line for Republicans—on his radio show today, Rush Limbaugh claimed that “capital is on strike” against the president—but there’s some message muddle about when, exactly, Obama started wrecking everything.
Jeff Emanuel of RedState.com:
Since the Democrats took over Congress in January 2007, the Dow has lost 46% of its value — 5,699.86 points — with 1,452.38 of that decline coming in the mere month and a half since President Obama’s inauguration.
Sean Hannity on Fox News last night:
On Nov. 4, after Barack Obama clinched the White House, the market closed at 9,625.28.
So when was it?