OK. So America once had a prez that spewed malapropisms & mangled grammar. Worse, he made some disastrous foreign policy & a serious recession took shape on his watch.
But that was yesterday and George Bush is enjoying a solitary retreat on his ranch.
Now the US economy is being overseen by a man that some consider to be a genius, if not a messiah.
With the end of the recession declared, President Obama owns the recovery.
In the past, recoveries for the US economy were a slam dunk. Just sit back while the private sector shook off excess capacity & dumped over-priced assets.
Not this time! High ratios of public-sector debt relative to GDP, increased regulatory burdens & threat of higher tax rates are choking off attempts at economic recovery.