Sunday, January 8, 2017

No, Obama Didn't Prevent the Next Great Depression

No, Obama Didn't Prevent the Next Great Depression: "Saving the economy from a great depression."

That was Barack Obama's response when asked by Fox News Sunday host Chris Wallace to identify his "biggest accomplishment."

In Obama's defense, it's not as though he enjoys a Reaganesque litany of accomplishments from which to choose - winning the Cold War, reversing a decade of economic stagnation, restoring America's sense of pride and optimism, etc. With no significant part of the world better off today than when Obama entered office, any "accomplishment" he selected was going to be a stretch.

Nevertheless, it's simply not true that Obama saved the economy from the next great depression.

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