I guess that means the Republicans don't have anything to complain about, right? I mean, we were forced to watch Faux Noise track the stock market as Obama gave his speech on financial policy, claiming that it was going down as a direct result of what he was proposing. So obviously the stock market hitting the magical 10,000 mark means the Obama Administration is getting the economy on track, right? Right??
I'm sure that would happen. The Republicans giving him credit for something, anything. Nobel Peace Prize? A farce. US is now ranked #1 in terms of favorability? That's just European bias. Stock market at 10,000? Now, I will say that it really doesn't mean that much in the grand scheme, nor is it necessarily a direct result of either the stimulus or the Obama financial team. But one could easily argue that psychologically it's a big hurdle for most consumers. And businesses as well. And since it's forward-looking, it's an indicator of 1) increased demand 2) increased consumer spending 3) increased need for more resources 4) companies starting to hire again. It's just another achievement very early in this President's term that would make most rational people think, "Yeah, we're getting there. Slowly but surely, America is getting back to where it needs to be". But will you hear any Republican say that? Don't hold your breath...