Buchanan: Obama and Bernanke ‘Basically Rescued the American Economy’

On Friday’s “McLaughlin Group,” columnist Pat Buchanan argued that “a lot of the things” done by President Obama in 2008 and 2009, “some of which the Republican Party opposed,” “basically rescued the American economy.”

Buchanan said, in response to a question on whether Obama or former Federal Reserve Chair Ben Bernanke deserved the most credit for saving the world economy from another depression, “I think they both do. I think that — a lot of the things they did in 2008 and 2009, some of which the Republican Party opposed, I think they basically rescued the American economy. I think the United States to a great degree rescued the world economy.”

Buchanan added, “But again, he’s got eight straight years and not once has he gotten up to 3 percent growth. So, it is not a robust recovery.”

Follow Ian Hanchett on Twitter @IanHanchett