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In reply to the discussion: Right-wing obstruction could have been fought: An ineffective and gutless presidency’s legacy [View all]merrily
(45,251 posts)As I sit here typing, I cannot say which show or shows he said it on, but my guess would be MTP.
It was a response to the host of the show asking if Paulson was saying that we were on the verge of another depression, or whether Paulson was saying Congress had to act or we would be in a Depression, or something to that effect.
But, even if he had not said it, it was clearly orchestrated that everyone used terms like "the worst economic situation since World War II," and never suggested that we were in a depression, or at least damned close to a depression. It would have been hard to show, anyway, since the ways in which we calculate things like unemployment changed so many times since the Great Depression, precisely to disguise things like how bad an economy was at any given time.
Maybe Carville was the first to make "It's the economy, Stupid," a catch phrase, but he sure was not the first political advisor to grok that concept.