"Even I didn't realize the magnitude -- because most economists didn't realize the magnitude -- of the recession until" it was many months into his presidency, Obama said Wednesday.
Most of the economists he hangs out with, I guess.
Out here in the real world, far from Wall Street and its pet Treasury Secretary, it seemed obvious even to pissant local bloggers that this was an epic shitstorm.
The first half of 2009 should be remembered as a missed opportunity of historic proportions.
And the ongoing failure of this administration to act on behalf of the people, rather than the bankers, may be its epitaph.