At IBD:
In making his case for re-election in the face of historically high
unemployment and sluggish growth, President Obama has a simple and
straightforward argument.
Things were terrible when I arrived, he says, thanks to Bush-era
policies of tax cuts and deregulation. We stopped the decline, but the
ditch was so deep that it will take time to get out. Still, we are
making progress, even if it isn't as fast as everyone would like.
So the last thing we want to do is return to the failed Bush policies that, he says, drove us into the ditch.
That
argument appears to be working. More people continue to blame Bush than
Obama for the current poor state of affairs, and some surveys show that
consumer confidence has recently increased.
But each part of Obama's argument is based on claims that are not accurate.
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