Chart of the Day
If anything the chart is amusing because the op/ed it skewers so clearly deserves the skewering.
The chart is also amusing because it really underscores the ridiculous nature of the charges the Obama administration has a) socialist in any serious sense of the term or b) been an economic disaster.
I am not a fan of simplistic associations of economic performance and a given presidency, however, the trend line here (and the raw numbers) cannot be ignored and do need to be taken into consideration of the context of the dire predictions of the president’s opponents circa 2009.
Beyond the partisan sniping it needs to be recognized that Dow 18k and the 3rd quarter GDP growth figures are both good news.