"Allen West Says Future Republican President Should Get Credit For Today’s Stock Market Gains"
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:
CAVUTO: What do you think about that? That the markets say you’re wrong, that the pick up is alive and well.
WEST: Well, I would think maybe the markets are maybe looking five to six months down the road, when we have a change in leadership in this country —
CAVUTO: Wait a minute, you think that this is built on a Republican either capturing the White House or Republicans capturing the Senate? … That might or might not be a stretch, but it is out there as a factor. You think that’s a genuine factor? You think that the markets are getting bubbly in anticipation of a Republican taking the White House?
WEST: Oh, absolutely. Well, I think that there is a hope that may be out there, is that we can get a person that has practical viable solutions for job creation here in the Unite States of America [in the presidency].