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." Take, for instance, the improvement in the Dow Jones Industrial average this week.
"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 are just going to 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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