Let us step back a few years to pre-election 2004......
Democrat's List 'O' Memes:
Worst Economy since Hoover.
Now consider this...
OK, this simply didn't happen all of a sudden. Note the use of the term 'saturated'. There are several possible explantions for the state of the economy as described by the Democrats back then and the robust economy a few years later:
1) The Democrat's political /media cadre knew it wasn't true but lied about it.
2) The Democrat's political /media cadre are absolutely cluess of what the economy was really doing.
So... why believe them now ?