Thursday, March 26, 2009

Let's not re-write history Pres. Obama

Fred Barnes via Ace

I would say it's worse than "pablum." Frequently, it's simply a flat-out lie:
Obama also seems misinformed about America's economic record in recent decades. Prosperity was "fleeting," he said, but "our strategy is to ensure that we do not return to an economic cycle of bubble and bust." Again, this was in his text.

If he's talking about the past quarter-century, most Americans would love to return to that era. From late 1982 well into 2007, we experienced one of the greatest economic booms in the history of the world, interrupted only by two shallow and brief recessions. Prosperity wasn't fleeting. It was practically non-stop--until the housing bust and credit crisis hit last year.