Capitalist Obama brings soaring stocks

My last column suggesting that Hillary Clinton could become a liberal Ronald Reagan was met with a number of comments from Republicans asking what good came to America after President Obama and a Democratic Congress were elected to office after the economic crash of the George W. Bush years.

Here is my answer.

{mosads}With all market indices poised to reach historically unprecedented record highs, it is time for all capitalists to rise in tribute to Obama. His economic policies have moved America beyond the financial crash and Great Recession that came with the Bush years, and led to an economy that has recovered and a stock market that has soared to great heights on Obama’s watch. Similarly, all capitalists should rise in tribute to President Clinton and Hillary Clinton after the Clinton presidency that also led to great prosperity and job creation following the economic lethargy that characterized most of the presidency of George H.W. Bush.

It is often said that if you want to live like a Republican, vote for the Democrats. It can also be said that if you are a capitalist who wants your investments to rise in value, or a worker who wants your wages to rise in an economy that creates the most jobs, leave the Republicans behind and vote for the Democrats!

Listening to various Republicans, many accuse Obama of being socialist; some even accuse Pope Francis of being a Marxist. The truth is Obama, Bill Clinton and Hillary Clinton are capitalists with a social conscience and the stock market has benefitted from them in ways that Republican presidents have not achieved in our generation. Americans were better off economically when Bill Clinton succeeded George H.W. Bush and when Obama succeeded George W. Bush.

There will come a time when Hillary Clinton may well say to Americans: Weren’t you better off under Democratic presidents than you were with presidents named Bush? Of course they were, and the proof is in the pudding of stock prices and job rolls.

If any Republicans on the right dare to disagree with me about this, they can sell me their entire stock portfolios at their prices on the day that George W. Bush left office.

Why do I believe not one Republican will accept my generous offer?

Budowsky was an aide to former Sen. Lloyd Bentsen (D-Texas) and former Rep. Bill Alexander (D-Ark.), who was then chief deputy majority whip of the House. He holds an LL.M. degree in international financial law from the London School of Economics. Contact him at brentbbi@webtv.net.