Obama Adviser Defends Economic Record

“The White House’s top economic adviser took aim at Republican criticism of President Obama’s economic recovery policies on Monday, delivering a sharply worded letter to lawmakers that credited the administration with pulling the nation back from an ‘abyss’ and faulted the record of recent GOP presidents on the economy.” (Washington Post, Tuesday)

Neat: Proof of their success is that things could be worse.

FEE Timely Classic
“A Microeconomist’s Protest” by Mario Rizzo