The Dow Jones industrial average is up 60% since Barack Obama took over the White House. That's roughly 20% a year and is partly-- notice I said partly-- the result of the Federal Reserve's easy money policy, which literally involved a substantial turning on of the money spigot. Just look at the St. Louis Federal Reserve chart below which shows that the adjusted monetary base grew from an index level of 800 in 2009 to an index level of 2800 in early 2012. That's a spike of 350% in the adjusted monetary base, a dramatic change in monetary policy.
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