With the Dow hitting 13,500 this week, it seems that President Obama is correct in arguing that the economy is improving. The surge also comes one week after the nation’s unemployment rate dipped to 8.3%, its lowest level in three years.
The improvements could mean Obama has better chances of re-election. Since FDR, no president has won a second term when unemployment was above 8%. Recent research, though, says the Dow might be a better gauge. A new report found voters are happier with the current president when their investments are on the uptick.