Just as with FDR and Hoover, we can expect this spin to last for decades. It was during Hoover’s admin that the Great depression started but it was Roosevelt’s policies, based on FDR’s economic ignorance and stupid advice of the East Coast academics and leftist radicals, that kept the boot of regime uncertainty on the throat of the economy for another decade.
Obama, Volker, Tiny Tim, the Bernank, Jarret, etc, etc are reading from FDR’s same playbook. Just as the academics wrote self-justifying histories telling how FDR “saved” the economy they will reprise their chorus to tell us how Obama has done likewise. They will hold to this stupid theory as they do to “global warming”. Failing to understand the problem they will continue to offer the wrong solutions whilst congratulating themselves on how much worse things would have been but for their heroic ministrations.
Those who fail to learn the lessons of history...
Bush lost or created jobs. Obama saved or created them.
-1/+1 vs 0/+1