Late Night Humor
Jon Stewart (below) explains: "Recent opinion polls indicate that six weeks into Barack Obama's administration, the American public thinks they approve of his performance. But it turns out they're wrong."
In fact, based on cable TV coverage, Stewart concludes: "Opinion polls don't matter. The stock market is the only rational, objective indicator of a commander-in-chief's performance."
By
Dan Froomkin
|
March 5, 2009; 10:25 AM ET
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Late Night Humor
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Posted by: JohnnyCanuck1 | March 5, 2009 11:01 AM | Report abuse
The only real attachments the middle class has with the Dow are our 401Ks and 529s, and those were all decimated last year. So the Dow's current dive is kind of meaningless.
It's like looking out the front window and noticing that the car with a busted transmission now has a flat.
Posted by: foxn | March 5, 2009 5:22 PM | Report abuse
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If one accepted the premise that the Dow was an indicator of the efficacy of Obama and his policies (which I do not), one could understand how responsibility could be attributed for the period commencing on Inauguration day. Notice how conservative commentators and mindless media are expanding the period of time for which Obama and his policies are responsible for the decline in the Dow. I have heard January 1, and election day. As if George Bush ceased to have any impact as of November.