There's no question President Barack Obama inherited a lousy economy. Yet even many prominent Democrats now acknowledge that after two and a half years in office, the president owns the economy. And unfortunately for him, despite spending hundreds of billions of dollars on a stimulus, things still aren't looking so good. In her latest appearance on Bloomberg TV, Reason columnist and Mercatus Center economist Veronique de Rugy explains the facts about stimulus spending by separating economic myths from economic truths.
As the country has a debate about our debt and the debt ceiling, the video above exposes the myths that have brought us here.