Are Obama’s failures making the stock market go up?

From Roger Simon:

Just as it is becoming clear that Barack Obama’s presidency is floundering, the stock market is beginning to rise. If you look back at when it really started to tank, that tracks pretty closely with the moment it looked as if he might win the job. This morning it looks pretty bad for Barack and his spending programs and the market is jumping:

The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today’s bleak landscape.

The administration’s annual midsummer budget update is sure to show higher deficits and unemployment and slower growth than projected in President Barack Obama’s budget in February and update in May, and that could complicate his efforts to get his signature health care and global-warming proposals through Congress.

The release of the update – usually scheduled for mid-July – has been put off until the middle of next month, giving rise to speculation the White House is delaying the bad news at least until Congress leaves town on its August 7 summer recess.

Gridlock is clearly ahead. The market likes that – and it should.

I don't think it's merely that the Stock Market anticipates gridlock. Instead, investors simply knew that Obama's policy proposals would destroy the economy, and now that they are starting to see evidence that the American people are not behind Obama's Healthcare and Spending plans, the Stock Market believes Obama's agenda may be derailed.

Roger Simon can call it gridlock. I choose to call it the beginning of the end of Obamanomics.

I expect this dissatisfaction to turn to downright anger within a few months. And, when that happens, Congress will fear for their jobs. And, that will be the end of Obama's attempt to subvert American Capitalism.

UPDATE: KUDLOW AGREES WITH PASTO':

As I’ve said before, stocks are the best barometer of future business and the economy. This current rally is signaling that business conditions are getting better, not worse. There are too many negatives out there for the kind of 5 or 6 percent growth that should happen after a deep recession. But I’ll go out on a limb with two positives: Nationalized ObamaCare and cap-and-trade are dead in the water. That includes their massive tax hikes and central-planning controls of the economy.

Oh, and did I mention that in early Rasmussen polls for the hypothetical 2012 race, Obama is now running even with Mitt Romney and Sarah Palin? There’s gotta be something good embodied in those numbers.