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=== Obama Accountability Index ===

=== Obama Accountability Index ===

The day after [[Barack Obama]] was sworn in, on January 21, 2009, on his [[television]] show ''Mad Money'', Jim Cramer created a stock index to track the new president's progress. Cramer chose companies that operated in the very sectors that needed the most help, and he suggested their performance would tell [[Americans]] how effective Obama had been and whether or not his plans to save the economy had worked. Solely based on the performance of the [[stock market]], Cramer created the "Obama Accountability Index."<ref>[http://www.cnbc.com/id/28753120 Cramer's 'State of the Market' Address], CNBC's ''Mad Money'', Jan. 21, 2009.</ref> It consisted of six stocks: Bank of America (BAC), Citigroup (C), Caterpillar (CAT), [[General Electric]] (GE), [[General Motors]] (GM) and JPMorgan chase (JPM). It’s an equal-weighted index that starts at 100, using closing prices on the day the index was created as a baseline. Cramer said, "This index will grade Obama’s success as president. If he fails, so does the stock market."<ref>[http://derekerwin.blogspot.com/2009/02/obama-lied-our-economy-died.html Obama Lied, Our Economy Died], A 1-In-100 Blogger, February 2009.</ref>  

The day after [[Barack Obama]] was sworn in, on January 21, 2009, on his [[television]] show ''Mad Money'', Jim Cramer created a stock index to track the new president's progress. Cramer chose companies that operated in the very sectors that needed the most help, and he suggested their performance would tell [[Americans]] how effective Obama had been and whether or not his plans to save the economy had worked. Solely based on the performance of the [[stock market]], Cramer created the "Obama Accountability Index."<ref>[http://www.cnbc.com/id/28753120 Cramer's 'State of the Market' Address], CNBC's ''Mad Money'', Jan. 21, 2009.</ref> It consisted of six stocks: Bank of America (BAC), Citigroup (C), Caterpillar (CAT), [[General Electric]] (GE), [[General Motors]] (GM) and JPMorgan chase (JPM). It’s an equal-weighted index that starts at 100, using closing prices on the day the index was created as a baseline. Cramer said, "This index will grade Obama’s success as president. If he fails, so does the stock market."<ref>[http://www.1-in-100-blogger.com/2009/02/obama-lied-our-economy-died.html Obama Lied, Our Economy Died], A 1-In-100 Blogger, February 2009.</ref>  

On February 20, 2009, Jim Cramer graded the president's ability to rejuvenate the economy, based on the ''Obama Accountability Index''. Reviewing Obama's 30-Day Report Card, Cramer said, "Well, the index is down 35% since January 21, the day it was created. The S&P 500 over that same period has declined just 8%."<ref>[http://www.cnbc.com/id/29308202/ Obama's 30-Day Report Card], CNBC, Feb. 20, 2009.</ref> So Obama, at least according to Cramer’s portfolio, wasn't doing too well.<ref>Jim Cramer. [http://www.madmoneyrecap.com/madmoney_nightlyrecap_022009_3.htm Opening Segment #3: 'Make The Grade'], February 20, 2009.</ref>

On February 20, 2009, Jim Cramer graded the president's ability to rejuvenate the economy, based on the ''Obama Accountability Index''. Reviewing Obama's 30-Day Report Card, Cramer said, "Well, the index is down 35% since January 21, the day it was created. The S&P 500 over that same period has declined just 8%."<ref>[http://www.cnbc.com/id/29308202/ Obama's 30-Day Report Card], CNBC, Feb. 20, 2009.</ref> So Obama, at least according to Cramer’s portfolio, wasn't doing too well.<ref>Jim Cramer. [http://www.madmoneyrecap.com/madmoney_nightlyrecap_022009_3.htm Opening Segment #3: 'Make The Grade'], February 20, 2009.</ref>

* The Obama Accountability Index (OAI) on November 10, 2009, reached 158 compared to the base of 100, an 18% gain over the S&P 500 during the same period.

* The Obama Accountability Index (OAI) on November 10, 2009, reached 158 compared to the base of 100, an 18% gain over the S&P 500 during the same period.

* The OAI on February 10, 2010, reached 141.65 compared to the base of 100; this is a 14.45% gain over the S&P 500 during the same period.  

* The OAI on February 10, 2010, reached 141.65 compared to the base of 100, a 14.45% gain over the S&P 500 during the same period.  

* The OAI on August 22, 2011, reached 160.93 compared to the adjusted base of 122.11; this is a -1.91% loss compared to the S&P 500 during the same time period.<ref>Personal voucher by [[User:DerekE|DerekE]]. This user has calculated the OAI to update is accountability status (recalculated on September 06, 2011).

* The OAI on August 22, 2011, reached 160.93 compared to the adjusted base of 122.11, a -1.91% loss compared to the S&P 500 during the same time period.<ref>Personal voucher by [[User:DerekE|DerekE]]. This user has calculated the OAI to update its accountability status (recalculated on September 06, 2011).

<http://conservapedia.com/Talk:Jim_Cramer#OAI_Updates>, see: [[Talk:Jim_Cramer#OAI_Updates]]

<http://conservapedia.com/Talk:Jim_Cramer#OAI_Updates>, see: [[Talk:Jim_Cramer#OAI_Updates]]

* The ''adjusted base'' takes into account the [http://www.citigroup.com/citi/fin/split.htm reverse stock split] by Citigroup (C).</ref>  

* The ''adjusted base'' takes into account the [http://www.citigroup.com/citi/fin/split.htm reverse stock split] by Citigroup (C).</ref>