January 24, 2012
While it didn’t quite put it this way, the NYT told readers that President Obama plans to really lower the bar big-time on his economic record. It told readers:
“The president and his advisers are confident their course will lead to a full recovery, though not this year. That long-term prospect has stoked Mr. Obama’s competitive juices, lest a Republican take the White House and with it the eventual credit for economic gains.”
Economies generally recover over the long-term unless you do some really really awful economic policies. The real question is how long the recovery takes. If President Obama’s track record is so bad that all he can do is say that the economy will eventually recover, then he is in serious trouble.
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