A question posed by Fox Business Networks Neil Cavuto at Thursday’s main GOP debate had a curious way of glossing over the fact that the 2008 financial crisis came under President George W. Bush.
Referencing a dip in the stock market to start 2015, Cavuto asked Ohio Gov. John Kaish about how he would manage a financial crisis.
“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.
Fact: Performance of the U.S. stock market under Obama. pic.twitter.com/SHQA4lwMnK
— Justin Wolfers (@JustinWolfers) January 15, 2016
