Obama Owns the Economy

As IBD points out, Obama is solely responsible for the economy, despite his attempts to blame everyone else.

Just to be clear, Obama's policies alone are to blame for the current sorry state of the economy.

In his first two years, Obama had free rein to get his economic agenda through a heavily Democratic Congress: An $830 billion stimulus, billions more in auto bailouts, mortgage bailouts and cash for clunkers, ObamaCare and Dodd-Frank.

None of those packages worked. They produced the worst recovery since the Great Depression. That was true before the Arab Spring, the tsunami, Europe's debt crisis and before Republicans won back the House.

At a press conference this summer, Obama said: "I'm not interested in finger-pointing."

But that's all he's been doing for months.

Wouldn't it be nice if Obama instead were to live up to his inaugural credo and start his own "era of responsibility" by admitting his role in the country's economic slump?