Dumb to Focus on Obama’s Focus

“The aftermath of major financial crises is almost always terrible…typically followed by multiple years of very high unemployment. When Mr. Obama took office, America had just suffered its worst financial crisis since the 1930s. What the nation needed…was a really ambitious recovery plan. Could Mr. Obama actually have offered such a plan? He might not have been able to get a big plan through Congress, or at least not without using extraordinary political tactics. Still, he could have chosen to be bold—to make Plan A the passage of a truly adequate economic plan, with Plan B being to place blame for the economy’s troubles on Republicans…”