Still waiting for Bloomberg to update its "Obama Bear Market" reporting

Blog ››› ››› ERIC BOEHLERT

Back on March 6, Bloomberg published "'Obama Bear Market' Punishes Investors as Dow Slumps," and quoted lots of Street investors complaining about how Obama's agenda was driving down the market. Bloomberg also excitedly reported that the stock market under Obama had performed worse than for any other previous new president. The Bloomberg article though, contained no context at all that Obama inherited an economic crisis. It simply suggested that Obama was pushing investors.

Well, it's ten days later and the Dow, as of this writing, is up approximately 700 points since Bloomberg's report. But we don't see any evidence that the biz news outlet has tried to update its analysis, or label the recent events an 'Obama rally.'

Why does Bloomberg only appear interested in blaming Obama?

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