“I’m way too smart for Barack Obama, and I was way too smart for George W. Bush.” Those were the words of Houston businessman Ron Farmer in February of 2009. Keep the time when Farmer said what he said top of mind. There’s meaning to it.
Farmer’s joyfully cocky answer was in response to my downcast question: “Are we going to be OK?” This was once again February of 2009. The U.S. economy was (by U.S. standards) still in sad shape after President George W. Bush (egged on by Ben Bernanke, Tim Geithner, Henry Paulson and Congress) chose government intervention as his policy response to markets that he thought weren’t working right.
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