Loan Modification

He really said it. The nation must "continue to spend our way out of this recession".

Obama presumably thinks such a thing is possible. And that in turn would seem to indicate that in his view it's been done before. But has any nation (note: what he means is "government") ever successfully spent its way out of a recession? At the very least any positive answer to that question would come dressed in question marks. For one thing, it?s much easier to see how a nation can spend its way into a recession than out of one.

No matter how you twist and turn it, it?s a desperate thing to say.