There is a lot of talk about how bad Obama is for the economy, that he is a secret Muslim Communist hell bent on destroying the economy!!!
We all know that is extreme hyperbole, but it is hard to really gauge Obama's performance because everything can be spun and twisted to fit any
agenda. The validity of employment numbers can be argued, government statistics can questioned and studies can be fabricated. But the one thing that
cannot be denied is the markets that exist outside of the the partisan political world. The stock market is a representation of business transactions
and the health of the American business community as a whole.
What do the markets say about Obama's performance in regards to the US economy?
, the coffee house all of us know has nearly 20,000 locations and hundreds of thousands of
employees. Three days after Obama was sworn in, Starbucks was worth;
Price 01/23/09 - $9.08 per share
Today, less than 4 years later - Starbucks is worth:
Price 10/12/12 - $47.18 per share
That is over a 400% increase since Obama has been POTUS
, Health food super market has 331 locations and employs over 55,000 people.
Three days after Obama was elected, Whole Foods stock was worth;
Price 01/23/09 - $11.37 per share
Today less than 4 years later Whole Foods stock has increased 900% !
Price 10/12/12 - $96.40 per share
. the America gadget giant is considered by some to be the most undervalued in the world,
Three days after Obama took office, Apple's stock was worth
Price 01/23/09 - $88.36 per share
Today, 4 years later Apple shares have increase nearly 700%
Price 10/12/2012 - $629.71
, sell engines, machines and construction components worldwide.
Three days after Obama took office, a share of Caterpillar went for,
Price 01/23/09 - $35.66
Less than 4 years later, Caterpillar shares have increased 115%
Price 10/12/12 - $82.82
, is the software giant that determines the function of operating systems worldwide.
Three days after Obama came into office, a shares of IBM were at
Price 01/23/09 - $89.49
Today less than, 4 years later, IBM shares have 120%
Price 10/12/12 - $207.80
You can feel free to look at any stock and see how America's economy has faired under Obama's
Much better than his detractors would have you think...
edit on 12-10-2012 by campanionator because: (no reason given)