President Obama often gets slammed on the economy, but for stock investors, he’s been one of the best presidents since World War II.
At 1,400, the S&P 500 today was closing in on a four-year high and was up 74 percent since the day Obama took office. Not since Dwight Eisenhower’s first term has a president had such a strong run for his first term.
That rally might be just enough to get Obama re-elected, making him the first sitting president in the post-war era to win a second term with a jobless rate higher than 7.2 percent.
“Even though business and corporate sentiment is not good for Obama because they don’t think he’s been good for the economy, the fact that the market has done very well under him is a positive,” said Ethan Siegal, head of The Washington Exchange, which analyzes politics for institutional investors.
Photo credit: President Obama arrives at an election campaign rally in Colorado Springs, August 9, 2012. REUTERS/Jason Reed