Historic moments define presidencies. For President Obama, that moment came in the form of a nation teetering on the brink of depression.
The President responded to the crisis by (while still Senator) supporting TARP and then, as President, spearheading a massive stimulus package.
This stimulus was very much unlike the federal "New Deal" spending that occurred under FDR during the depression, which included a primary focus on creating as many jobs as possible. Indeed, there are still many...
Published on July 11, 2011 06:00