Remember this tired old song that the conservatives used to sing,blaming President Obama for crashing the stock market, even though he'd only been president for about two months? LOON WATCH FLASHBACK: Conservative media blame President Obama for Dow decline - Daily Kos TV (beta) Well, now, two years later, the Dow Jones has touched on 12,000 for the first time since the Bush-Republican recession. For those of you keeping score at home, the Dow closed at 7,949 on Bush's last day in office. That means it's gone up 50% since President Obama's inauguration. It must be his SOCIALIST policies at work.