National Debt — Obama’s Economic Legacy, Part 3
President Obama and his administration did an admirable job of holding off a second Great Depression; many people misinterpret this due to a misunderstanding of the national debt.
President Obama and his administration did an admirable job of holding off a second Great Depression; many people misinterpret this due to a misunderstanding of the national debt.
Presidents build their economic legacies on one of three types of actions: their reaction to economic crises, the public policy they institute to change the course of the economy, and if their actions' and policies' long-term effect on the health and growth of the economy.