Stocks Soar 85% in Obama’s First Term
Despite critics that brand him as anti-business and anti-Wall Street, President Obama’s first term in the White House has been bullish for stocks.
The Standard & Poor’s 500-stock index has risen 85% since Obama was inaugurated on Jan. 20, 2009, says S&P Capital IQ. That stellar return tops first-term gains of Obama’s past four predecessors: George. W. Bush, Bill Clinton, George H.W. Bush and Ronald Reagan.
Using the Dow Jones industrial average, Obama ranks third in first-term stock performance of all presidents; Franklin D. Roosevelt is No. 1, says Bespoke Investment Group.