Ed Morrissey's reaction to the GDP numbers and various other economic indicators:
If we have a double dip recession after these gimmicks end, Barack Obama won’t have George Bush to kick around any longer on the economy. He’ll own it after this.
I don't disagree. But then I have also - unlike Morrissey - noted that Bush's own reckless fiscal policies made surviving a recession without risking national bankruptcy far from easy. And his failed wars continue to drain the coffers. And his non-regulation of Wall Street undoubtedly helped precipitate the crisis. It will be impossible for historians to judge the first year of Obama if they don't understand the crushing Republican inheritance.