February 21st, 2012
05:44 PM ET

Erin Burnett: President Obama gets critical boost as Dow clears 13,000

With Tuesday's rally on Wall Street, President Obama picks up not just another talking point for the 2012 campaign, but a place in history as the fifth best-performing president when it comes to the stock market, behind FDR, Coolidge, Clinton, and Eisenhower.

"It's a pretty good record," said Erin Burnett. "It's psychologically important. It creates a feeling that the economy is on the right track and getting better."

Psychology, Burnett says, leads to actual jobs–and all of that means a potentially significant boost to President Obama's chances at reelection.

Of particular interest is independent voters–fully forty percent of the electorate. Of voters who make $75,000 or more, 85 percent own stocks. "That's a lot of people who are feeling a lot better than they were four years ago."

Erin will have extensive coverage of the markets–and the political impact–on Erin Burnett OutFront, 7 p.m. and 11 p.m. ET on CNN.

Filed under: Economy • Politics
soundoff (4 Responses)
  1. darrell boutwell

    erin, are u serious. you mentioned 200 days since the downgrade of amreican debt and offered an example of helping this by the mardi gras celebration in new orleans. this is one of the most serious issues of our day. our spending in washington and our national debt and you gloss over it with such a ridiculous example of the mardi gras celebration.the only way mardi gras relates to this story is that people are celebrating when we ought to be working on a solution. when the people ran out of bread, marie antoinette said let em eat cake. erin, we r running out of bread.

    February 21, 2012 at 7:54 pm | Reply
    • kevinkatovic

      Darrell if the run out of cake and bread can we have poutine?

      April 30, 2012 at 11:57 pm | Reply
  2. Kevin Katovic

    Now you tell me its 14:00 hours............................

    February 21, 2012 at 7:01 pm | Reply
  3. Amir

    Now you tell me it's seven oclock........................

    February 21, 2012 at 5:54 pm | Reply

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