The Post presents the Obama administration's claims about the impact of its stimulus package on employment and the turnaround in the economy and then presents the claims of the Republicans that it did not help the economy. It would have been helpful to tell readers that the vast majority of economic analysts support the administration's assessment and that the economy is almost certainly now growing, contrary to the assertion of the Republicans. On the other hand, the piece could have also usefully included some response to President Obama's plans to officially make the Fed the country's "systemic risk regulator." It is absurd to imagine that Alan Greenspan would have conducted himself any differently as the housing bubble grew to ever more dangerous levels if he had a hat that said "systemic risk regulator."
--Dean Baker