it's the Y2K effect: when a huge effort is made to prevent a disaster, and the disaster doesn't happen, most people assume there was nothing to worry about in the first place and it was all needless alarmism
Reposted from
Robert Black
A fun fact about the Great Recession, which gets a little obscured, is that it would in fact have turned into a depression without TARP and then ARRA
Comments
he was absolutely miserable for the economy! you want a steady hand managing that, and he is the exact opposite