Woodward: Obama Would Own Recession From Going Over Fiscal Cliff


Bob Woodward said Sunday the idea that Americans will hold House Republicans accountable for the effects of going over the fiscal cliff, as Sen. Dick Durbin and other Democrats have argued, will only be temporary:

BOB WOODWARD: This does real damage to the economy and to millions of people if going over the cliff–this is not an abstraction, you could begin a recession,” Woodward said on “Meet the Press.” “Sen. Dubin’s idea–and the polls support him–that the Republicans will own this recession will last about one month, because presidents own recessions. Presidents own dramatic improvements in things. We live in the Obama era, not the John Boehner era.