Obama the spender…or not

This isn’t news to anyone that has been paying attention at all for the past 5 years, but for some reason the theme of Obama as a big-spender has yet to die. However, this caricature couldn’t be farther from the truth—from Janet Yellen, Exhibit 3:

If government spending had been anywhere near the levels of past recoveries, we would be in pretty good shape today.

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