CNN Continues to Put Obama on A Pedestal

This time they claim due to yet another drawn-out speech by President Obama's on Monday that "there's significant progress on the debt ceiling," and that there is "renewed hopes that U.S. lawmakers would be able to break their stalemate and strike a deficit-reduction deal in time to avert a catastrophic government default."

Tim Blumer at NewsBusters said it best,
"According to CNN, USA Today obviously had no idea what it was talking about. Investors don't look at silly things like reported earnings results at key companies. No-no-no. What matters is what Barack Obama does on any given day. Today it was his "boost," and only his "boost," which drove the markets to their best day in eight months.
Annalyn Censky's related report at CNNMoney.com is an embarrassment."

"Question for CNN: Was this before or after he parted the Red Sea, began cooling the earth, and made water into wine?
Unfortunately for Obama's minions at CNN, hours before Obama spoke, the Dow opened about 115 points higher than yesterday's close and basically held steady until the president appeared. Roughly 55% of the day's gains were already there when Obama worked his alleged magic."