“S&P 500 at Reagan Recession Value after Trillions Lost.” I note the headline to this Bloomberg piece for a number of reasons; the first of which is that apparently we’ve got the go-ahead to begin calling this “the Obama recession.” After all, Bloomberg doesn’t call the economy Reagan faced the “I was handed this by my predecessor” recession, and rightly so. Obama, as Reagan, inherited a God-awful mess. But Obama made a bet that quadrupling the size of government through massive stimulus spending would pay off. It didn’t, and Obama now owns his recession.
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