Under Obama Stock Market Sees Worst First Quarter Since 1939

President Obama keeps racking up a dreadful record:

** The stock market had its worst January in 113 years.
** The stock market had its worst February since 1933.
** The Dow has dropped faster under Obama than any other new president in 90 years.
** In March the dollar saw its worst drop in value in 25 years.
** And, today we found out that the stock market had its the worst first quarter since 1939.

The Dow Jones Industrial Average finished the first quarter of 2009 down 13%.
The Wall Street Journal reported:

The Dow Jones Industrial Average finished the first quarter of 2009 at 7608.92, down 13%. Although it rose 7.7% in March and finished with a 1.2% one-day gain on Tuesday, that wasn’t enough to pull it out of its slump. The string of quarterly declines was the longest stretch since the six quarters that ended in June 1970 and the worst first quarter in percentage terms since 1939. The Standard & Poor’s 500-stock index, meanwhile, lost 12% in the quarter.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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