Er, about that recession...

Joseph Stiglitz, chairman of Bill Clinton's Council of Economic Advisers, winner of the 2001 Nobel Prize in Economics, writes:

It would be nice for us veterans of the Clinton Administration if we could simply blame mismanagement by President George W. Bush's economic team for this seemingly sudden turnaround in the economy, which coincided so closely with its taking charge. But although there has been mismanagement, and it has made matters worse, the economy was slipping into recession even before Bush took office, and the corporate scandals that are rocking America began much earlier.

Do people still blame economic problems on Bush? Well, of course! Silly!