Market Down? Blame Obama - Market Up? Credit Bush

No... seriously.

Huff Po: Former White House spokesperson Dana Perino said on Sunday that the Bush administration, while presiding over the start of the current recession, nevertheless deserved some credit for the modest uptick that Wall Street experienced this past week.

Appearing on CSPAN's Washington Journal, the last of Bush's press secretaries said it was "not a secret" that the current economic mess started under her boss's watch. But, she cautioned, the public had yet to realize the full extent to which the past president's policies "alleviat[ed] the downturn."

..."You were just speaking earlier about the possibility that since we had a little bit of a better week on Wall Street does that spell a turnaround?" Perino said. "Can all the credit go specifically to President Obama? Well, I would say no. We will just have to take a while to let all of this settle down and let the policies that our administration and the new administration are trying to put in place have a chance to work."

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...Cheney agrees that Obama did indeed came into power amid very difficult economic circumstances.

But Cheney says he doesn't think the Bush administration can be blamed for creating the economic woes. Cheney says it's a global financial problem.

So is it an "Obama recession" or not? They can't claim that Obama's policies are sinking the economy if the Bush policies haven't been realized to their full extent.

And the Bush Legacy Project continues...