Campaign season is not a time for truth. It’s a time for candidates, the press, and the voters to tell themselves fables.
The Democrats’ fable this year is straightforward: President Obama has been a failure at reviving the economy because the hole dug by George W. Bush and the Republicans was so deep that it will require a second Obama term to fully reverse the damage. Further, the obstructionist Republicans in Congress are blocking the kind of “progressive” reforms, like new taxes on the rich, that would solve our budget and deficit emergencies and boost economic growth.
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