Nearly six months ago, my administration took office amid the most severe economic downturn since the Great Depression. -Barack Obama
The President and his team use this language to lower the bar against which they are measured. The U.S. economy was quite unhealthy on January 20th, and it still is. Still... while the President’s statement is almost technically true, there is a big difference between “most severe … since the Great Depression” and “comparable to the Great Depression.”
-Keith Hennessey
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