It’s official, the media has proven it, President Elect Obama can make the markets surge. Just the thought of possibly naming someone to a Treasury Post is enough to make the markets recover. Imagine what might happen if Obama declined to raise taxes and tariffs. Here’s the media cherring on Obama and projected Secretary of the Treasury Timothy Geithner:

The Chicago Tribune “Geithner’s appointment Friday afternoon sent the Dow Jones industrial rocketing up.” “He’s smart and levelheaded,” said Alice Rivlin, a Democrat and former vice chairwoman of the Federal Reserve Board. “His involvement in the crisis … is a very important qualification.”

The Staff Reports at the Sun-Times boldly cuts and pastes Bloomberg News “Bloomberg attributed the earlier news report of Geithner’s selection for the stock market’s surge late in the session”.

The Wall Street Journal has it that “reports of Mr. Geithner’s selection that the new administration will move quickly to implement the final stages of the $700 billion bailout passed last month by Congress”, supposing that the bailout is working so well so far, we just need more of the same.

The New York Times see a one to one relationship “Word of Mr. Geithner’s selection helped drive stocks sharply higher on Friday afternoon as investors concluded that Mr. Obama was taking steps to fill a leadership vacuum at a time when the economy and financial markets are showing new signs of strain” suggesting that more leadership is the cure for our ills.

No word (bar the opinion pages at the WSJ ) on whether President Elect Obama had anything to do with the markets tanking since his election.