History Is a Hunter

Think Progress: As the improving economy has robbed conservatives of the chief talking points against President Obama, some have resorted to creative explanations for the upswing that avoids giving any credit to the current occupant of the Oval Office. Tea Party darling Rep. Allen West (R-FL) employed this tactic recently, wondering if “someone [is] playing around” with positive unemployment data, and he did so again today, this time to explain away the bullish stock market.

The Nasdaq topped 3,000 today for the first time since 2000 and the Dow finished strong, up 217 points at 13,177 — its highest level since the end of 2007.

But on Fox News this afternoon, West said the markets were only up because traders think Republicans will win big in November. Host Neil Cavuto seemed taken aback by the suggestion and pressed West for clarification, but the Congressman stood by his claim

The stock market tripled under Bill Clinton. It crashed under Cheney/Bush. And under Obama it's nearly doubled again. The market does much better when Democratic party public policy is in effect. When GOP deregulation and economic/fiscal policy rules the day, it collapses. That's the historical record. It happened in 1929, it happened 1987, it happened in 2008, and it will happen again if Mitt Romney is president. This is because GOP public policy causes instability and is proven by history to be a tragic failure. And no amount of bad lies by that psychopath Allen West can change that.