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First recorded activity by BoatBanter: Jul 2006
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Default Bush responsible for financial recovery


Neil Cavuto, Fox News business correspondent...

Fox News host Neal Cavuto appears to think that the United States is
enjoying an economic recovery. Perhaps more surprisingly, he's talking
up the idea that former President George W. Bush is somehow
responsible for it.

Cavuto made his claims after a Wednesday segment seeming to celebrate
the Dow Jones Industrial Average's return to 10,000.

"Meanwhile, big banks are spurring this big rally," he said. "... A
year ago, remember, they were the ones behind the big meltdown. Which
is why former President George W. Bush was saying in South Korea early
this morning his big bank bailout was to thank -- is to thank. So,
what was once the Bush recession was once the Bush recovery? Is that a
stretch?"

This, in spite of a national growing unemployment rate last measured
at nearly 10 percent, according to the United States Department of
Labor.

Putting a question to his guest, Cavuto alleged that he was a big
critic of President Bush and his $700 billion Troubled Asset Relief
Program (TARP), but did not realize how close to "the edge" America's
economy was. "He took the bold moves and look where we are a year
later," he said.


Social programs for banks is what helped them recover. Neil Cavuto is
celebrating socialist funding for banks. What a hoot.