ObamaJobAppproval

For Obama Foes, It's the Economy, Not Race

On September 18, 2008, Federal Reserve Chairman Ben Bernanke met with the congressional leadership to warn them of the consequences of legislative inaction to ward off the financial collapse. According to James Stewart's riveting chronology of the economic meltdown in this week's New Yorker, Bernanke predicted direly, "You could see a 20 percent decline in the stock market, unemployment at 9-to-10 percent, the failure of GM certainly, and other large corporate failures. It would be very bad." ...

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