re: #495 garhighway

For what it’s worth, I don’t think the “Bush broke the economy” argument is worth the trouble.

It’s an appropriate response when they try to start blaming the state of the economy on Obama.

re: #495 garhighway

What is more important is recognizing just how bad things were in the fall of 2008. The credit markets were frozen. People seem to have forgotten what a scary and for most of us, unprecedented event that was.

Frozen credit markets. No commercial paper, no bonds, no loans, no nothing. Commercial lending still hasn’t fully recovered (for a bunch of reasons). Plus trillions of dollars of wealth destroyed. Did anyone really think that was just an everyday recession?

The conservatives have now successfully thrown all that data down the memory hole, and are convinced that everything was fine until Obama took office.