Changes

=== 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://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>  

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 (OAI).<ref>[http://www.cnbc.com/id/28753120 Cramer's 'State of the Market' Address], CNBC's ''Mad Money'', Jan. 21, 2009.</ref> The OAI 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>

On July 8, 2009, Jim Cramer on ''Mad Money'' again graded the performance of Obama's administration and economic policies against the performance of the stock market. He commented, "The same force that so hurt the markets this [[winter]] has yet again reared its ugly head: the [[White House|White House’s]] anti-business rhetoric. [...] Investors don’t seem to trust President Obama to create jobs and stimulate the economy, not when he prioritizes [[global warming|climate change]] and [[ObamaCare|health care]]." Moreover, the ''Mad Money Obama Accountability Index'' score had dropped to 96.1 from its starting point of 100.<ref>[http://www.cnbc.com/id/31802202/site/14081545 Cramer: Obama Hurting the Economy], CNBC, July 8, 2009.</ref> He urged Obama to postpone his agenda in favor of boosting the economy. "Without more job creation," Cramer said, "the president’s agenda and his tone will continue to slowly and inexorably squeeze the life out of this stock market."<ref>Rush Limbaugh. [http://www.rushlimbaugh.com/home/daily/site_031009/content/01125108.guest.html The Founders Wanted Presidents to Fail If They Deserved To Fail], RushLimbaugh.com, March 10, 2009.</ref>

On July 8, 2009, Jim Cramer on ''Mad Money'' again graded the performance of Obama's administration and economic policies against the performance of the stock market. He commented, "The same force that so hurt the markets this [[winter]] has yet again reared its ugly head: the [[White House|White House’s]] anti-business rhetoric. [...] Investors don’t seem to trust President Obama to create jobs and stimulate the economy, not when he prioritizes [[global warming|climate change]] and [[ObamaCare|health care]]." Moreover, the ''Mad Money Obama Accountability Index'' score had dropped to 96.1 from its starting point of 100.<ref>[http://www.cnbc.com/id/31802202/site/14081545 Cramer: Obama Hurting the Economy], CNBC, July 8, 2009.</ref> He urged Obama to postpone his agenda in favor of boosting the economy. "Without more job creation," Cramer said, "the president’s agenda and his tone will continue to slowly and inexorably squeeze the life out of this stock market."<ref>Rush Limbaugh. [http://www.rushlimbaugh.com/home/daily/site_031009/content/01125108.guest.html The Founders Wanted Presidents to Fail If They Deserved To Fail], RushLimbaugh.com, March 10, 2009.</ref>

* The Obama Accountability Index (OAI) on November 10, 2009, reached 158 from its baseline of 100, outperforming the S&P 500 by '''18%''' during the same time period.

The Obama Accountability Index (OAI) began tracking the president's performance on the economy the day after Obama was sworn in, on January 21, 2009. As of August 22, 2011, according to the Obama Accountability Index, Obama is failing to rejuvenate the economy. The timeline below indicates on a given date whether the OAI has outperformed or underperformed the S&P 500 Index since it was created, the day after Obama was sworn in as president.  

* The OAI on February 10, 2010, reached 141.65 from its baseline of 100, outperforming the S&P 500 by '''14.45%''' during the same time period.  

* On November 10, 2009, the OAI reached 158 from its baseline of 100, outperforming the S&P 500  by '''18%''' during the same time period.

 

* On February 10, 2010, the OAI had declined to 141.65, however still outperforming the S&P 500 by '''14.45%''' during the same period.  

* The OAI on August 22, 2011, reached 160.93 from its adjusted baseline of 122.11 and '''underperformed''' the S&P 500 Index by '''1.91%''' 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).

* On August 22, 2011, the OAI reached 160.93 from its adjusted baseline of 122.11 but '''underperformed''' the S&P 500 Index by '''1.91%''' during the same 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_Underperformed>, see: [[Talk:Jim_Cramer#OAI_Underperformed]]

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

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

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

According to the OAI as of August 22, 2011, President Obama is failing to rejuvenate the economy. Cramer has not mentioned the Obama Accountability Index on [[Mad Money]] since July, 2009.

Cramer has not mentioned the Obama Accountability Index on [[Mad Money]] since July, 2009.

== Criticism ==

== Criticism ==