It's Official: Obama Saves The Country From the Worst Economic Disaster in Decades (WSJ)

[berni_mccoy]

And by doing so, he probably saved the global economy as well. Freeper heads can explode now. And I love how this is coming from the WSJ... you know they played this down as much as possible.

http://online.wsj.com/article/SB125185379218478087.html

WASHINGTON -- Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

But there's little agreement about which programs are having the biggest impact. Some economists argue that efforts such as the Federal Reserve's aggressive buying of Treasury debt and mortgage-backed securities, as well as government efforts to shore up banks, are providing a bigger boost than the administration's $787 billion stimulus package.

The U.S. economy is beginning to show signs of improvement, with many economists asserting the worst is past and data pointing to stronger-than-expected growth. On Tuesday, data showed manufacturing grew in August for the first time in more than a year. "There's a method to the madness. We're getting out of this," said Brian Bethune, chief U.S. financial economist at IHS Global Insight.

It's clear we aren't out of danger, but it's also clear we've been saved from an economic disaster. Fortunately, the true impact of the stimulus package has yet to be realized.