President Obama has won the peace prize, but nobody thinks he deserves the Nobel in economics. Despite $800 billion of economic stimulus and the accumulation of a $1.4 trillion deficit, he has been unable to lower the unemployment rate below 9.8%.
So why, after nine months of Obama, do voters, in the latest Rasmussen poll, still blame Bush - and not Obama - for the economic situation by 55-37? How can Obama skate by without having to account for the failure of his economic program?
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