Chait: Obama's Policies Didn't Destroy Stock Market

by Benjamin Domenech on 1:02 am March 13, 2009

The one conservative talking point that has gotten the most traction since Barack Obama won the election is that he’s killing the stock market with his big-government agenda. Conservatives pundits started saying this in November, and mainstream news implies it constantly. “Stocks are down almost 19 percent since the Obama administration took office,” reported ABC News recently. MSNBC has been endlessly featuring a graph of the stock market’s decline since Obama took office. While Obama’s economic policies have gotten plenty of things wrong, the idea that they can be judged by the stock market is unbelievably fatuous.

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