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Wednesday, May 6, 2009
Will Bozell Credit Obama for Dow's Rise?
Topic: Media Research Center

In a March 11 column titled "Obama Sinks the Markets," Brent Bozell blamed the then-plunging stock market on President Obama:

Think about it. Obama’s inauguration speech? The market dropped. Obama’s first State of the Union-style speech to Congress? The market dropped. Obama’s Treasury Secretary Tim Geithner tried to explain their under-baked bank rescue plan in February? The market dropped almost 400 points. Even Obama’s most fervent fans – like Chris Matthews – have put on the tube a chart showing the stock market’s precipitous decline since Obama’s victory. That is a sober political and economic reality for Team Obama, and no happy talk is going to fix it.

Now, the Dow has returned to the level it was at on the day of Obama's inauguration.

Will Bozell credit Obama for the Dow's rise the way he blamed Obama for its fall? If fellow right-winger Sean Hannity is any indication, don't count on it.

Posted by Terry K. at 12:09 AM EDT
Updated: Thursday, June 4, 2009 4:55 PM EDT

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