Ummm. . . all that stuff is happening because the Fed is printing money, lots and lots of money, not anything Obama is doing. Only contribution Obama is making is spending a lot of borrowed money in concert with Congress.
Printing money is a sure fired way to drive up a stock market. Its not really due to stocks going up as much as the currency being devalued. One reason the deficit is going down is all the capital gains rolling in from the artificially inflated stock market.
They are also engaging in financial repression, holding interest rates artificially low to punish savers while they save the butts of debtors, and this is stoking a new bubble in the housing market.
We are pretty much headed for twin bubbles in the stock market and housing market. When they pop its going to be 2008 all over again or probably worse. There is also an outside chance all this stimulus is going to provoke an inflation spike or hyperinflation if the bubble don't pop before the inflation really kicks in.
The one thing in the Fed's favor is the EU, Japan and China are printing money like there is no tomorrow too, so all the major world currencies are being devalued at the same time. The world is awash in electronic money generated out of thin air, or actually out of elections in a few central bank computers. Its not real wealth.
At least computers generating bitcoins have to work at it. The Fed is generating like $80 billion a month with absolutely no effort.