It’s Obama’s Economy Now

For good or bad, it’s President Obama’s economy now.    Blaming what they “inherited” on Bush may have worked up until the past few weeks, but that is over.   When Geithner tries defending himself and the administration by pointing out how they pulled us back from the brink, he is making the case that the worst is behind us.   Go with that then.  Claiming victory over what happened in the past means that the future is all yours.  (Remember Mission Accomplished?)   When Bernanke tells Congress that the economy stopped its decline and is improving, he has established the turning point.   And who is responsible for the turning point??????….the current administration of course!   It couldn’t be Bush.    Hearing various administrative officials sing the praises of the improving unemployment statistics on Friday makes it clear that they think the worst is behind us for the job market.   Once again, they take credit by simultaneously mentioning the gazillion jobs they either “saved or created” with the “stimulus” plan.  Hearing the President suggest his critics should look at the rising stock market as evidence that things are better is impressive.   All that positive stuff????…that’s all this government’s doing.   All that negative stuff from before the inauguration????….that’s the past government’s doing.    So here’s to hoping they are right.   Because now that the Obama administration has taken credit for getting us back on the right track….they own the track.    And if the stock market starts to slide???  And if the economy starts to slow down again???   And if credit markets start to seize???    And if unemployment continues to head higher???  Who will get the credit for all that?