On Fri, 16 Oct 2009 15:47:37 -0400, Keith Nuttle
wrote:

jps wrote:
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.

Maintaining a stable monetary system is one of the few things the
Congress of the United States is allowed to do

http://www.usconstitution.net/const.html
Section 8 - Powers of Congress

On September 28, 2008, it when appeared that pelosi was going to renege
on her Constitutional duty, the DOW fell from 11500 to 8500 in 12 days.

Yes the market did stabilize at about 8500 after President Bush's
bailout passed and remained their until obama was sworn in then, the
market started a three month slide until in hit 6500. On March 10, 2009
when congress realized what was going on and told obama he was not
getting his way on everything, the market turned around and has been
going up as obama popularity falls.

Daily Historical closing of the DOW
http://www.google.com/finance/histor...=INDEXDJX:.DJI

That's quite a corrolation you've got there Keith. However, as any
sane person with a brain has been taught and understands, corrolation
doesn't imply causation.

Obama started at historic highs based on who he replaced. He's now in
the territory where most presidents live on the popularity scale.

Are you among the Hannitized?