Things Would Be Better Today If Obama Had Acted Differently

Summary

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The Democrats could be heading toward a defeat of historic proportions in November, but it is possible to imagine a scenario in which things might have turned out differently:

On Dec. 16, 2008, President-elect Barack Obama and his senior aides gathered for a briefing on the state of the U.S. economy. It was horrifying. The economy was on the verge of collapse. There was little prospect that robust growth would be returning anytime soon.

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Things Would Be Better Today If Obama Had Acted Differently

Many of the president-elect's advisers had been reading histories of the New Deal. They had ambitious plans to address the crisis: federal jobs programs, n...

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