I'm interested in knowing if the economic explanation of this article makes sense http://www.counterpunch.org/2017/02/02/how-we-the-people-were-screwed-by-obamas-bogus-recovery/ Thanks you.
The article's argument that Obama's "recovery" was largely a matter of hyping a poor, slow, limping economy after 2008 is mostly correct. The logic of the article overemphasizes the problem of inflation. Simply put, an inflation can, under certain circumstances, work as well to deepen inequality as the absence of inflation. The willingness of the rest of the world's rich to lend to the US government played an important role here too, as did other factors. The fuller story of how and why the US and world economies have taken so long to recover so little is more complex than the article admits, but the critique of Obama and "recovery" is good.