Fox News: Stock Market Rebound is a ‘Bush Recovery’

October 15, 2009

(ChattahBox)—The Dow Jones industrial average closed above 10,000, yesterday, for the first time in more than a year. Since Republicans have been blaming President Obama for the declining stock market, during an unprecedented economic downturn, you would expect that they would now give Obama credit for the market rebound. Well, not so much.

Various lawmakers and conservative pundits made statements yesterday, minimizing the significance of the stock market rebound. But Neil Cavuto of Fox News decided a president should get credit for the rebound, just not the president currently in office.

During Cavuto’s Fox News show yesterday, he claimed that the stock market rebound is evidence of a “Bush recovery.” The on-screen graphics during his broadcast read: “Is this now the “Bush Recovery?”‘

Additionally, Minority House Leader John A. Boehner (R-OH) came out with a statement yesterday saying, “…anyone who places significance on the stock market hitting this symbolic number is “certainly not talking to the American people.” […]

In March, conservatives came out in force to blame President Obama for the declining stock market. Back then, the GOP placed great importance on the stock market. What did Rep. Boehner have to say back then you might ask?

“The president certainly remains popular, but his policies are becoming less and less popular. “Certainly the stock market hasn’t acted very well,” since Obama’s inauguration, said Boehner in March, 2009.

Fox News’ Sean Hannity said in March: “Obama, since he’s elected, has tanked the markets.”

Conservatives have no shame when it comes to blatant hypocrisy.

Source: Think Progress


8 Responses to “Fox News: Stock Market Rebound is a ‘Bush Recovery’”

  1. Old Man Dotes on October 15th, 2009 11:07 am

    Over the eight years of the Bush Administration, I (previously a pretty staunch Conservative myself) came to the conclusion that the GOP is the party for hypocrites, liars, and crooks. I re-registered Democrat because the Libertarians simply aren’t ever going to get themselves together to the point where they can win an election (unless the GOP is dissolved, of course).

  2. Obvious Guy on October 16th, 2009 8:27 am

    Let’s be honest both the Democrats and the Republicans are crazy. Each have their extremists. Both are basically trying to one up each other and it truly shows how divided our country’s political parties are.

  3. Mike on October 16th, 2009 8:42 am

    What’s really stupid here is that both sides are speaking out the wrong end. While the improvement in the markets is welcome, we can probably expect a good deal of volatility in the coming months and years, and the underlying economy is still fundamentally broken. No individual president has had the ability to cause or fix this… our economic woes are largely the result of two decades of deregulation and misguided DOW-centric policies that started with Reagan and were merrily perpetuated by Clinton during the tech boom (looked good at the time, right?). Bush was a world-class idiot, and may have dumped more fuel on the fire, but he’s hardly the cause of this.

    And Obama, for all his brains, falls into the same trap — a massive spending run intended to create confidence and bolster the DJIA (which it arguably has), but which hasn’t done anything to repair the busted foundations that caused the mess to begin with. The money has been spent on odd jobs, as fast as possible. It hasn’t been used to create new types of industry that can sustain growth… just to prop up the ones we already have. This stimulus was about as elegant and thoughtful as a battering ram, and it won’t have legs.

  4. Rick on October 16th, 2009 12:43 pm

    *poke* “Stop Poking me!” *point* “Stop touching me” “I’m not touching you” *point closely* “Stop touching me!” “MOM!”

    Let’s all hear it for the American two party system.

  5. FRANK C. on October 17th, 2009 10:57 am

    Ccavuto/ you and fox just HATE old people. I pray you get sick and old looking.

  6. Naumadd on October 17th, 2009 6:33 pm

    Let’s not forget that the “market” is an abstraction meant to represent the combined efforts of millions of individuals. How one can give credit or blame to one individual for the actions of millions is, from personal experience with other human beings, understandable but nevertheless ludicrous.

  7. Kat on October 25th, 2009 11:53 pm

    I love Fox News just because it makes the Stalinists so angry. But the right-wingers are just as crazy as the left. Nobody believes in freedom – they just each want to control a different sector of our lives – the “foreign” vs. the “domestic.” They can all go to H&LL.!!!!!!!!!!!!!!

  8. stock market on October 27th, 2009 5:05 am

    Its a gud post.Thx for sharing.

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