But What If You Are?

clipped from pajamasmedia.com This semi-opinion piece from the AP is to my mind, less about the economy than it is about the MSM’s changing view of Obama’s economy. The gist of it is that Obama’s ability to pin the current woes on his predecessor declines with each passing day. There’s a line that will be crossed at some time in the future. How far are we from it? Although the administration likes to say it “inherited” the recession and trillion-dollar deficits, the economic wreckage has worsened on Obama’s still-young watch. Every day, the economy is becoming more and more an Obama economy. More than 4 million jobs have been lost since the recession began in December 2007 — roughly half in the past three months. Stocks have tumbled to levels not seen since 1997. They are down more than 50 percent from their 2007 highs and 20 percent since Obama’s inauguration. … “You created a situation where you cannot be wrong,” the chairman of the Senate Finance Committee, Montana Democrat Max Baucus, told Geithner last week.