Barack Obama doesn’t have George W. Bush to kick around anymore. At least not credibly. Sure, he will continue to argue that he inherited such a mess that his own policies can only be regarded as a smashing success. But it’s been four years since the patient was turned over to the new president for treatment, and the economy’s stubborn failure to recover its robustness tells us something about the efficacy of the Obama medicine. Which makes it increasingly difficult for him to continue to play the blame-GWB game. So Obama has found a new cause of falling growth and stubbornly high unemployment: Europe.
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