After previously claiming the "market doesn't mean anything to me," Hannity attacks Obama with Dow
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SUMMARY: After previously denying that the market is a proper "indicator" of President Obama's performance handling the economy, Sean Hannity stated that "as the president's job approval rating crumbles, well, the Dow has been on the rise."
On the July 27 edition of his Fox News show, Sean Hannity linked "President Obama's approval rating," which he said "has dropped 7 points in the last month," to "the Dow Jones industrial average," which he noted is "now back over the 9,000 mark." However, as Media Matters for America has noted, Hannity repeatedly blamed Obama for stock losses in March, at one point referring to "Obama's bear market." But when Hannity was confronted on May 1 with the fact that the Dow Jones industrial average had surpassed its level on Inauguration Day, he denied that the market is a proper "indicator" of Obama's performance handling the economy and stated: "The market doesn't mean anything to me."
On July 27, Hannity said: "[T]here's some bad news for President Obama tonight and some good news for Wall Street." After displaying a graph mapping the Dow and Obama's approval rating, Hannity asserted, "Now you can see that as the president's job approval rating crumbles, well, the Dow has been on the rise. Is it just a coincidence? We'll let you be the judge."
Discussing Obama's performance on the economy during the May 1 edition of Fox News' Hannity, Fox Business Network anchor Alexis Glick said, "[L]ook at the market in the 100 days. Yes, we went to 12-year lows in early March, but we have re-climbed back to where we were before he was inaugurated." Hannity responded: "The market doesn't mean anything to me. ... Alexis, you're the first person to tell people don't look at the market unless you're in it for five or 10 years, right? All right, so we're not looking at the market." Hannity then added: "But this is the indicator that I'm looking at. The Congressional Budget Office says we're going to have $10 trillion in debt."
On March 6, Hannity stated: "And our headline this Friday night: Welcome to Day Number 46 of 'Obama's Bear Market.' Now, that's what some news organizations are calling it tonight as the Dow Jones industrial average actually finished up about 30 points today at the end of a disastrous week."
From the July 27 edition of Fox News' Hannity:
HANNITY: Well, there's some bad news for President Obama tonight and some good news for Wall Street. First, the bad news: A Fox News/Opinion Dynamics poll shows President Obama's approval rating has dropped 7 points in the last month. But despite America's crisis in confidence with their president, there continues to be some good news on Wall Street with the Dow Jones industrial average now back over the 9,000 mark.
And take a look when we put those lines on the same graph. Now you can see that as the president's job approval rating crumbles, well, the Dow has been on the rise. Is it just a coincidence? We'll let you be the judge.
Jeesh, these guys, it just goes to prove, that once again, Obama can do no right, no matter what good is going on.
And Obama, still at 55% approval rating.
Approval rating
Home sales going up is good news if the mortgages can be paid by the buyer.
Banks making money is good news if they aren't doing what got them in trouble before.
Obama's 55% approval rating is still low for him, hopefully won't drop anymore.
Congress is whiffing on health care reform.
For First Time, Obama's Approval Rating Falls Below 50%
Overall, 49% of voters say they at least somewhat approve of the President's performance, RASMUSSEN will report later this morning.
We were told we were in an Obama recession after he was elected (before he took office even), so I'd like to see them back out of the Dow and the market trending upwards pretty much for the last 2-3 months. Are we know looking at the Obama recovery?
Obama's numbers, approval ratings have dropped since he took office, but the first sets of numbers were soft anyway, before he had a chance to do anything, before the nation had a chance to get in touch with their new President, we always knew they were going to drop. He's still averaging 55% which isn't too bad, considering he has been taking a bit of a beating, in the media, for health care reform.
Even though it might sound elitist, it is politically (campaign-wise at least) relevant.
I don't personally believe that a direct OR inverse relationship between the President's poll numbers and the DOW necessarily means anything at all, but since Vanity here appears to disagree, let's contemplate:
Obama's approval ratings dropped. Hannity is among the most vociferous critics of everything Obama does, particularly on economic matters. Therefore, one might take from the dropping approval ratings that more people are beginning to agree with Vanity that Obama is bad for the economy. However, at least one major indicator (the DOW) is putting lie to that notion by rising significantly.
Isn't that inverse relationship, even in the world of Vanity logic, a direct refutation of Hannity himself?
This man is a pathetic hypocrite.No matter what happens its Obama's fault.Anything positive happening is because of opposition to Obama...He doesn't even realize how contradictory he has been on the stockmarket and Obama since last November.No logic or facts just make it suit whatever smear /attack he has for the day!!How does someone this biased get on TV!???Why does he not get challenged on air!??
This logic has to be directed at those who aren't even capable of lightly scratching the surface of a topic with some critical thinking. It's difficult to even understand the point he's trying to make, which makes it a little troubling that it might make sense to a certain group of Americans who actually get to vote.
Hannnity is playing with fire.
Hannity seems like a wounded animal that needs to be put down.