Burger
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- May 23, 2009
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Perhaps Ob didn't realize he was making the argument that in fact Obama left it much better than he found it.
If you'll look, Ob specifically referenced the first 6 months as a baseline comparison - paying no attention to the actual inheritance of one of the largest recessions in history versus the potential of a future recession.
This all depends on what the Fed decides to do. If they start raising rates significantly, it'll make 2008 look like a good economy. The economy is essentially being held hostage by the insane amount of circulated money. Plus we have the impending currency crisis also.