From “Front Edge of a Recession” To “Storm Clouds”

Bill Scher

The Bush Administration came into office seven years ago talking down the economy — saying we’re on the “front edge of a recession” in hopes of setting a low bar of expectations for themselves to clear.

But the bar just kept dropping.

Seven years later, when President Bush scheduled a speech designed to talk up the economy as he gets ready to walk out the door, he can’t avoid conceding the mess he will leave to his successor.

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