BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

Moments ago, the Dow Jones Industrial Average closed over 13,000 for the first time since May 19, 2008. The stock market is now up over 56 percent since Obama took office. Today, the stock market was buoyed, in the view of one economist, by “job and income gains…leading to higher confidence and spending growth, in turn driving further spending gains.” Here’s how the stock market has fared under our last three presidents:

The success of the stock market under Obama is particularly notable considering the majority of Republicans believe he is a “socialist,” presumably out to destroy private enterprise.