Roughly Speaking: What happened to the State Center project?

Lawrence Summers

The GOP's conundrum

The GOP's conundrum

Republicans seem confused as to whether they should stick to the theme that the economy is still weak — which they've been claiming since President Barack Obama took office, even though the Great Recession was created on their watch — or whether they should acknowledge the obvious sharp improvement in the economy today and somehow take credit for it.

The facts here are clear. When Barack Obama took the oath of office in January 2009, the economy was shrinking at an annualized pace of 8 percent — unheard of since the 1930s — and was losing 800,000 jobs per month. The new president dealt with this crisis through the Economic Recovery Act of 2009, which he...