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The Genius of Obamanomics

June 27, 2013

I admit it.  I misunderstood President Obama.

As President, I thought it was his job to improve the economy.  Yet his every move seems designed to put companies out of business and their employees out of work.

But it all makes sense to me now.  I finally get it.  Because the worst the economy performs, the better the stock market performs.

It finally hit me yesterday, when the Bureau of Economic Analysis announced that the economy had grown by just 1.8% in the first quarter, down from an original estimate of 2.4%.  Because of the announcement, investors concluded that quantitative easing would continue -- and the Dow Jones Industrial Average jumped 149.83 points.