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View Diary: Obama on the Economy: 'We Didn't Know How Bad It Was' (300 comments)

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  •  According to the book (3+ / 0-)
    Recommended by:
    marty marty, ybruti, skyounkin

    Confidence Men Obama actually understood the coming crisis pretty early.

    Answering the question how bad things would get is fundamentally an exercise in econometrics.  I have no expectation that the president is going to know the ins and outs of what goes into those models.

    The irony, of course, is he had someone who knew the stimulus package was too small, but she didn't get heard.

    The bitter truth of deep inequality has been disguised by an era of cheap imported goods and the anyone-can-make-it celebrity myth - Polly Toynbee

    by fladem on Thu Dec 15, 2011 at 04:54:56 AM PST

    [ Parent ]

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