TPM Livewire

Did Neil Cavuto Just Blame Obama For The Bush Financial Crisis?

AP Photo / Rainier Ehrhardt

"Investors have already lost $1.6 trillion in market value. That makes it the worst start to a new year ever. Many worry things will get even worse, banks and financial stocks are particularly vulnerable," Cavuto said. "If this escalates like it did back when Barack Obama first assumed the presidency, what actions would you take, if the same thing happens all over again just as in this example you are taking over the presidency?"

As University of Michigan economist Justin Wolfers pointed, the stock market has more than doubled since since President Obama came into office.