Conservative Group Talks Impeachment Of Obama For ‘Wrecking The Stock’ Market On Day Of Historic Highs
The conservative Capital Hill Daily sent the Citizens United listserv a query as to whether, since the president has ‘wreck[ed] the stock market,’ he should be impeached. As Scott Keyes at Think Progress points out:
When Obama took office on January 20, 2009, the Dow Jones was at 7,949. Over the last 4 years, it has gone up approximately 90 percent before reaching a new high today.
It’s important to remember that the health of the stock market is very different from the health of the overall economy. Middle class wages are stagnating and millions are still unemployed or underemployed.
But when a conservative organization claims ignores reality in such a blatant way, one can’t help but quote former Rep. Barney Frank: “On what planet do you spend most of your time?”