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![]() 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. |
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