Could Obama have fixed the economy?

Ian Welsh

I’m hearing “Obama couldn’t have fixed the economy. Wage stagnation is not his fault, it’s been going on for decades!” (For the record it’s been going on for at least 34 years, probably 39, and for some parts of the population, for 46 (that’s when wages for working class white males peaked. Which is why they’re pissy.))

This argument is, to give it more courtesy than it deserves, bullshit. I wrote about this back in 2010, and you can read that article, but let’s run through this one more time, because you will never get good leadership if you keep excusing your leaders for betraying you.