Not a good day on Wall Street. Between problems in Europe, anxiety over the fiscal cliff and some bad earnings reports, the Dow Jones industrial average lost 243 points by the end of the trading day — the biggest one-day drop since June.
And yet, that had little effect on our number of the day: 64.8 percent.
That’s how much the stock market has gone up since President Obama was inaugurated.
Even with today’s drop, that’s still one of the largest gains for a president in the last 100 years.
As of last Friday, The New York Times calculated he’d had the fifth-most significant rise in the Dow of any president over the same period of time since 1900 — right behind FDR, Calvin Coolidge, Bill Clinton and Dwight Eisenhower.
All those presidents served more than one term.
It turns out the stock market has been like a lot of other things under No-Drama Obama. We have good days, we have bad days. But overall, the situation has gradually, steadily gotten better.
