09/17/13
Even putting his best gloss on the case and even outright contradicting hard numbers from his own administration, President Obama has a tough time selling the current economy as a comfy place in which to live and do business. According to the White House's own five-years-later report on the fiscal crisis and the administration's wrassling therewith, Americans remain trillions of dollars in household income behind where they were in 2008. That's when the report is being honest—it also claims a TARP profit that will come as a surprise to Christy Romero, the Special Inspector General for the Troubled Asset Relief Program, who reported quite the opposite just two months ago. Maybe that's why the president spent much of today's speech devoted to the fiscal crisis anniversary blaming Republicans for whatever economic doldrums there may still be even as he and his advisors insist the future's so bright ya gotta wear shades.
In his speech today, President Obama claimed credit for an economic turnaround:
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