Economy

Socialism On Parade

Written by SK Ashby

If we're all suffering under the tyranny of socialism as the Republicans would have you believe, perhaps socialism isn't so bad.

NEW YORK (CNNMoney) -- U.S. stocks closed mixed Friday, with the Dow and S&P 500 ending the best first quarter in over a decade, as investors weighed a report on consumer spending and a boost in the eurozone bailout fund. [...]

Friday's gains capped a stellar three months for stocks, with the Dow and S&P posting the biggest first-quarter gain since 1998. Despite Friday's decline, the Nasdaq had its best first quarter since 1991, according to the Stock Trader's Almanac.

For the quarter, the Dow gained 8.1%, the S&P 500 advanced 12% and the Nasdaq rose a whopping 19% since New Year's Day.

And according to Mitch McConnell, we're "living under the Obama economy."

Whoops?