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Presidents and the Stock Market
August 31st, 2009 value investor 1 comment  Print Investment Article  Email Investment Article
How good are Presidents at predicting the future of the market? Often times they are down right terrible, the spin in speeches is often more prevalent than the truth. With President Obama’s comments about sunshine being the best disinfectant I thought it would be interested to see how his comments match up to reality. The following collection represents many of the quotes Obama has made related to the US economy. Green arrows mark those days in the market where President Obama has made a positive comment about the future of the United States, red deltas indicate a day where President Obama has made a negative comment on the future of the economy. Click on the red and green arrows to read the exact quote. Click a red or green marker to read the quote. Move Close “I want to repeat, this will not be easy. There are no shortcuts or quick fixes to this crisis, which has been many years in the making, and the economy’s likely to get worse before it gets better. Full recovery will not happen immediately.” President Obama 23/06/2009 Move Close “Right now, our economy is trapped in a vicious cycle: The turmoil on Wall Street means a new round of belt-tightening for families and businesses on Main Street, and as folks produce less and consume less, that just deepens the problems in our financial markets.” President Obama 23/06/2009 Move Close “I know these are difficult times. I don’t think anybody here is viewing the situation through rose-colored glasses.” President Obama 23/06/2009 Move Close “Things are going to get worse before they get better.” President Obama 23/06/2009 Move Close “As I’ve said earlier, right now the most important task for us is to stabilize the patient. The economy is badly damaged. It is very sick. And so we have to take whatever steps are required to make sure that it is stabilized.” President Obama 23/06/2009 Move Close “We start 2009 in the midst of a crisis unlike any we have seen in our lifetime, a crisis that has only deepened over the last few weeks…There are American dreams that are being deferred and that are being denied because of the current economic climate. There is a devastating economic crisis that will become more and more difficult to contain with time.” President Obama 23/06/2009 Move Close “If nothing is done, economists from across the spectrum tell us that this recession could linger for years and the unemployment rate could reach double digits — and they warn that our nation could lose the competitive edge that has served as a foundation for our strength and standing in the world.” President Obama 23/06/2009 Move Close “The news has not been good. Each day brings I think greater focus on the problems that we’re having not only in terms of job loss, but also in terms of some of the instabilities in the financial system.” President Obama 23/06/2009 Move Close “We left our meeting confident that we can still turn our economy around.” President Obama 23/06/2009 Move Close “This is not your ordinary, run-of-the-mill recession. We are going through the worst economic crisis since the Great Depression.” President Obama 23/06/2009 Move Close “Our economy will once again thrive, and America will once again lead the world in this new century as it did in the last.” President Obama 23/06/2009 Move Close “If we are keeping focused on all the fundamentally sound aspects of our economy, all the outstanding companies, workers, all the innovation and dynamism in this economy, then we’re going to get through this. And I’m very confident about that.” President Obama 23/06/2009 Move Close “The recession-hit U.S. economy was showing glimmers of hope.” President Obama 23/06/2009 Move Close “We’re moving aggressively to unfreeze markets and jumpstart lending outside the banking system.” President Obama 23/06/2009 Move Close “I think it’s pretty clear now that unemployment will end up going over 10 percent … because of the fact that even after employers and businesses start investing again and start hiring again, typically it takes a while for that employment number to catch up with economic recovery. And we’re still not at actual recovery yet…So I anticipate that this is going to be … a difficult year, a difficult period.” President Obama 23/06/2009 Overall not bad Obama. With the exception of the positive comments on 28/01/2009 and the negative comment on 23/06/2009 he has been a fairly good bell weather of the next few months market conditions. We’ll keep track of this and update in a few months. More on this topic (What's this?) Obamanomics: What You Can Expect if President Obama Wins the Election (Money Morning, 5/8/12) Romneynomics: What You Can Expect if Mitt Romney Wins the Election (Money Morning, 5/9/12) Read more on Obama's Presidential Policy at Wikinvest
Market Analysis Economic Crisis, Financial Markets, Midst, Obama, Presidents

• Presidents and the Market
• Obama’s Bad News For Investors

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