The Wall Street Journal
Mr. Obama really believed that government spending would unleash a robust recovery in employment and housing—an “economy built to last.” Now that this hasn’t happened and with the Congressional Budget Office predicting a possible recession for 2013, Team Obama claims these woeful results were the best that could have been expected.
The problem with this line is that every President who has inherited a recession in modern times has done better. Under Mr. Obama, measured on the basis of jobs, GDP growth and incomes, this has been by far the meekest recovery from the past 10 recessions.