Friday, November 07, 2008

Blaming a bad economy on Obama

Michael launched the first strike on what we'll see alot from the right: blaming Obama for a bad economy. So let's just take stock today, shall we, so we don't forget where Bush left us or try to rewrite history:
Come January, President Obama will inherit the weakest U.S. economy in 25 years, with output shrinking, unemployment rising, the federal deficit out of control and a financial system on government life-support. The new president will probably spend his first year in office careering from crisis to crisis, throwing lifelines to hard-hit households, local governments, industries and developing countries.
Oh yeah, and an unemployment rate that's at 6.5%.

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