But three simple charts show that this charge is detached from reality. First, as the New York Times noted, since Obama came into office, “the Dow Jones industrial average has gained 67.9 percent. That’s an extremely strong performance — the fifth best for an equivalent period among all American presidents since 1900″:
Next, the S&P 500, measuring the 500 largest publicly traded companies, is up 80 percent:
Finally, corporate profits have soared back beyond their pre-recession heights:
Corporations made a record $824 billion last year. The Obama administration has also cut taxes for small businesses several times, and, of course, presided over a rescue of the auto industry that was almost universally opposed by Republicans. If this is anti-business, it seems that the business world could use more of it.