How We Ended the Great Recession – White Paper on The Great Depression 2.0
I found this little gem over at washington’s blog
And Alan Blinder (economist, banking consultant and former Vice Chairman of the Board of Governors of the Federal Reserve System) and chief Moody’s economist Mark Zandi wrote a paper yesterday called How We Ended the Great Recession:
A source on Capitol Hill sent this to me, telling me that the paper is making the rounds on the Hill.
In the paper, Blinder and Zandi congratulate the Bush and Obama administrations for saving us from the Great Depression 2.0:
Eighteen months ago, the global financial system was on the brink of collapse and the U.S. was suffering its worst economic downturn since the 1930s. The Great Recession gave way to recovery as quickly as it did largely because of the unprecedented responses by monetary and fiscal policymakers.
In other words: “Mission Accomplished”.
Ended the Great Recession?
Maybe for the super elites but not for the rest of us…
Anyway, kind of speachless on this one…
We ain’t seen nothin yet…
Feel free to check out the white paper below…