Blame And No Change

Jennifer Rubin points out the problem with Obama's argument on the economy:

Obama’s argument that he helped facilitate the “recovery” is equally vulnerable to attack. Economist Edward Lazear makes the case the Obama recovery is weak by historical standards: “During the postwar period up to the current recession (1947-2007), the average annual growth rate for the U.S. was 3.4%. The last three decades have experienced somewhat slower growth than the earlier periods, but even in the period 1977-2007, the average growth rate was 3%. According to the National Bureau of Economic Research, the recovery began in the second half of 2009. Since that time, the economy has grown at 2.4%, below our long-term trend by either measure. At this point, the economy is 12% smaller than it would have been had we stayed on trend growth since 2007.” It is entirely fair to attribute this, not to the nature of the recession (other downturns have been prompted by financial institutional failure, he reminds us), but to the president’s agenda...
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So to recap: We can expect for the next seven months to hear the president trot out the same tired attacks on the Ryan budget, ignore his own failure to address our fiscal crisis and argue that the pathetic recovery is the fault of someone else.

With Obama, the buck always seems to stop elsewhere...