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Featured pro and con arguments from this article:
- PRO: Obama did best possible to solve crisis with limited info/time. Steven Rattner. "Ron Suskind’s inaccurate revisionism." Politico. October 1, 2011: "amid all the titillating tidbits, let’s not forget the important substantive point: This new president was confronted with a set of economic challenges greater than any in more than 75 years. If he had known then everything that we know now about how the economic recovery would unfold, would he have made all the same decisions? Almost certainly not. But I firmly believe that dealing with the facts as they were known– not to mention the impossible politics of Congress – he got an exceptionally high percentage of the decisions right."
- CON: Obama has failed to grow the economy. Karl Rover. "Why Obama Is Likely to Lose in 2012." Wall Street Journal. June 22nd, 2011: "Unemployment is at 9.1%, with almost 14 million Americans out of work. Nearly half the jobless have been without work for more than six months. Mr. Obama promised much better, declaring that his February 2009 stimulus would cause unemployment to peak at 8% by the end of summer 2009 and drop to roughly 6.8% today. After boasting in June 2010 that "Our economy . . . is now growing at a good clip," he laughingly admitted last week, "Shovel-ready was not as shovel-ready as we expected." The humor will be lost on most. In Wednesday's Bloomberg poll, Americans believe they are worse off than when Mr. Obama took office by a 44% to 34% margin. The last president re-elected with unemployment over 7.2% was FDR in 1936. Ronald Reagan overcame 7.2% unemployment because the rate was dropping dramatically (it had been over 10%) as the economy grew very rapidly in 1983 and 1984. Today, in contrast, the Federal Reserve says growth will be less than 3% this year and less than 3.8% next year, with unemployment between 7.8% and 8.2% by Election Day."
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