Asymmetrical Information - Megan McArdle
11.21.12 4:38 PM ET
Who's Fault the Financial Crisis?
As John Quiggin has been emphasizing, this across-the-board poor performance puts the lie to claims that it’s all because of that scary Obama person; in fact, the US has done better than the rest, although still quite badly — this is indeed a race between the halt and the lame.
Of course, the corollary is that this also puts the lie to claims that it's all because of that terrible Bush person. This was a global crisis. Attributing the last four years to either Republicans or Democrats is myopic American parochialism.