David Cay Johnston: The success of Obamanomics

What’s not to like about the economic record of this president?

By a host of measures, the U.S. economy has done exceptionally well under President Barack Obama. So why does he receive such poor approval ratings, especially from the most prosperous and economically conservative Americans?

The investor class should be thrilled. Under Obama, the Dow has risen an astonishing 126 percent, to a record high of 18,030. Under President George W. Bush, the index fell by a quarter, from 10,587 to 7,949.