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Blaming Bush: It sounds lame, but it won't stop until Republicans can explain how they disagree with him

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One of the Obama administration's main talking about about the weak labor market is that they 'inherited' a collapsing economy from George W Bush. That's clearly true, and it means that a lot of anti-Obama statistics you hear are badly inflated by attributing the terrible winter of 2008-2009 to Obama's policies even though he wasn't even in office for most of it. On the other hand, it gets a bit lame. An economy in a steep hole has an unusually high 'bounce back' capacity as the Obama administration used to know before it became convenient for the president to change his mind.

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