SMRs and AMRs

Thursday, November 01, 2012

Today's Republicans are ideologues, like Herbert Hoover

Obama vs. Hoover 

By ROBERT S. MCELVAINE, NYT

The question Americans should be asking ourselves isn't whether we're better off than we were four years ago. It's whether we're better off than we were 80 years ago.

Unemployment falling below 8 percent in September was certainly good news for the president politically, but it has not stopped his opponents from charging that the recovery under Obama has been slower and weaker than that following any other modern recession. As Mitt Romney likes to say, "This is not what a real recovery looks like."

He's not alone. Karl Rove's Crossroads GPS put out an ad that begins with Scott Pelley of CBS News saying, "This is the worst economic recovery America has ever had." It goes on to charge that this is the result "of President Obama's failed stimulus policies."

The performance of Barack Obama has been measured against those of many previous presidents, including Franklin D. Roosevelt, Ronald Reagan, Bill Clinton and George W. Bush.

But the most appropriate presidential term to use as a benchmark is Herbert Hoover's. He was the last president to face an economic crisis on a scale similar to the one that confronted Obama when he took office.

(More here.)

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