From a post by Rachel Maddow:
David Letterman’s monologue last night included some observations that stood out for me:“This is what happens when we have the midterm elections. The Republicans, of course, have turned against Obama, and the Democrats have also turned against Obama. That’s a lonely, lonely gig being president, ladies and gentlemen.“Take a look at this: gas under $3 a gallon – under $3 a gallon. Unemployment under 6%, whoever thought? Stock market breaking records every day. No wonder the guy is so unpopular.”As the saying goes, it’s funny because it’s true.
Seriously? Rachel Maddow is too intelligent to believe this, which makes it a lie. I waded into the comments briefly, but the ignorance was too rampant to make a coherent conversation possible. Anyway, none of these things are due to Obama, nor are they indicative of the job he is doing.
Gas is under $3 a gallon: Because OPEC is purposely pushing down the cost of gas right now. They do not like America’s new source of oil so they are looking eliminate it through price controls. Shale oil is expensive to procure, and anything below $85 a barrel makes it unattractive. OPEC doesn’t like America being energy independent, they do not like the US getting our shale oil and cutting them out of the picture, so they are trying to push oil prices down to the point that shale oil is unattractive.
Unemployment is under 6%: Because the number is made up. They are pretty much just pulling the number out of thin air at this time. They are not counting the people who have dropped out of the job market and are no longer looking for work at all. It is a complete fiction.
Stock market breaking records every day: The stock market is not the economy. In fact, the stock market has often historically run contrary to the economy at large. While the stock market may respond to economic indicators or news, it doesn’t always respond in the manner that makes sense. The economy and the stock market have a lot in common, however the stock market is not the economy and the economy is not the stock market.This makes perfect sense to some people, however others find it confusing and misleading. The economy is a way of defining all we make, buy, sell and consume. The stock market is part of the economy, however its focus is very narrow, confined to securities that represent, for the most part, the largest and most robust companies.
A quote from this article:
Now, to get some historical perspective, let’s look back at the 34 years before this one–and here we are going to see an almost Biblical kind of symmetry, in the sense of lean years and fat years–to observe what happened in the stock market. Take, to begin with, the first 17 years of the period, from the end of 1964 through 1981. Here’s what took place in that interval:
DOW JONES INDUSTRIAL AVERAGE
Dec. 31, 1964: 874.12
Dec. 31, 1981: 875.00
Now I’m known as a long-term investor and a patient guy, but that is not my idea of a big move.
And here’s a major and very opposite fact: During that same 17 years, the GDP of the U.S.–that is, the business being done in this country–almost quintupled, rising by 370%. Or, if we look at another measure, the sales of the FORTUNE 500 (a changing mix of companies, of course) more than sextupled. And yet the Dow went exactly nowhere.
Anyway, stick your head in the sand and believe this kind of garbage if you want to, or you could, you know, do a little research and see it for the falsehood it clearly is. The information is out there and not very difficult to find. As far as why Obama is unpopular, Obama is unpopular because he is a statist and there are a number of people in this country who are starting to see statism for the evil that it is.