Obama's Socialist Plot To Ruin America Sends Stocks Soaring.....In fact, the S&P 500 is up 108 percent since the day Obama took office on Jan. 20, 2009

Contrary to what Mitt Romney and many on Wall Street predicted, the stock market is booming in President Obama's second term.

The Standard & Poor's 500-stock index, the broadest measure of the U.S. stock market, is up 24 percent so far this year, Bloomberg pointed out on Monday. If the market keeps this up, it will be the best performance in the first year of a president's second term since 1997, the year after President Clinton's re-election, when the S&P rose 31 percent. The only other second-term gain that tops it is 1985, when the market celebrated President Reagan's re-election with a 26-percent rally.

In fact, the S&P 500 is up 108 percent since the day Obama took office on Jan. 20, 2009, making him only the fifth president since the Great Depression to enjoy a stock-market doubling. Of that small group of lucky presidents, Obama has the best average yearly percentage return, according to the New York Times' Floyd Norris. read more