Economy

Socialism on the March

enjoy-socialism

If this is socialism, maybe Wall Street and the GOP would like another helping of socialism.

The DOW crossed the 18,000 mark for the first time in history last night.

The Dow Jones Industrial Average (INDU) rose above 18,000 for the first time as faster-than-forecast growth in gross domestic product boosted confidence in the economy as the Federal Reserve pledges patience with interest rate increases. […]

The Dow rose 50.54 points, or 0.3 percent, to 18,009.98 at 9:31 p.m. in New York. The Standard & Poor’s 500 (SPX) Index gained 0.3 percent to 2,083.72.

Economic growth for the third quarter was also revised upward by a large margin, from 3.9 percent to 5(!) percent, the highest level since 2003.

I was told Obamacare, regulations and tax hikes were going to wreck the economy. They told me President Obama is a socialist.

Was I lied to?