Oh yes the president does. When Obama gave his White House press conference just a week ago the stock market jumped downward within minutes.<quoted text>
Rogue, Rogue, Terri explained it to you , I explained it to you. Obama or any other president never had, nor has any influence on daily or weekly or even the monthly DJIA index. Long term, yes. But everytime the Dow takes a dive, you rejoice and blame Obama, the last one being very recently, the day following his re-election. And how often before that. Are you going to deny it now? You stick to your guns, that is, Obama influences the DJIA index ONLY when it dives. When it's up, like the last 5 days, it's either total silence on your part or you credit, or would credit, in that order, a) the repbublian congress, b) Romney up in the polls (that one's gone, lol) and c) Obama's gonna lose in November. You ask "do I give him credit when the market takes a dive?" Why ask that, I've repeated a million times that the president does NOT affect the DJIA short term. As for the 100%+ increase since he took over in Jan 09, you're darn tootin' I give him credit. THAT's long term.
Again, In October 2007 the DJIA peaked at 14,164. Taking into account inflation that is equivalent to about 15,500 TODAY. The average stock market correction is 12-18 months and we are 61 months into this one and we are now where near 14,164 much less the inflation corrected 15,500.
And I say if it was not for Obama pushing his radical progressive agenda we would have fully recovered from that correct TWO YEAR AGO!!!
Any improvement in the economy has been in spite of Obama!