On Fox News this afternoon, Karl Rove insisted that "this crew" in the White House has caused the collapse of the market, faulting the Obama administration for the economic crisis. He blamed Treasury Secretary Timothy Geithner in particular, saying Geithner could not point fingers at the previous administration because he was one of the three people who made the decision to bail out the banks in the first place, with last fall's TARP.
In fact, Rove declared that only three people made the decision about the bank bailout — and none of them were then-President Bush:
Look, Geithner was sitting in the room, last year. Three people made the decision about the bank rescue package: Geithner, Ben Bernanke, and Hank Paulson, the Treasury Secretary.
Rove added that those three "unanimously made those decisions about the bank rescue." Apparently they simply informed then-President Bush of their decision to give $700 billion to banks after the fact. Watch it:
Ironically, during the same interview, Rove declared that the Obama administration has "got to start accepting responsibility for the outcome of their decisions" — seconds before suggesting that Bush didn't even play a role in one of the most consequential decisions of his presidency.
Apparently Bush wasn't really "the decider" after all.
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