A core dispute in this presidential campaign is over how to evaluate President Obama’s economic record.

On the one hand, it’s not fair to blame Obama for the slow growth in the first six months of his presidency, which was mostly a product of conditions he inherited.

On the other hand, it’s not convincing for Obama to suggest — as he routinely does — that he should be evaluated on the basis of whether the recovery has been better than the recession. Recoveries, by definition, are better than recessions.

Continue reading →