I discussed the problems with the argument some used to blame Dubya for the Stock Market decline here. Of course those on by sides of the political aisle engage in this sort of dishonesty. Brendan Nyan does a nice job of pointing out some of the worst offenders in his article at Spinsanity the Democrats have the lead, but the Republican's are working hard at catching up.

Amid Wall Street chaos, journalists and politicians try to pin specious blame on their foes

As Washington scrambles in the wake of recent stock market declines, too many politicians and pundits are trying to simplistically blame their ideological counterparts for voters' withering 401Ks. Clearly, economic news has an impact on the markets -- good earnings reports generally boost prices and vice versa, for example. But the effect of political news on the markets is harder to interpret, and it creates a kind of ideological Rorschach blot for amateur prognosticators.

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