I’VE SEEN THIS MOVIE BEFORE:

As the Charlotte Business Journal wrote in 2010, “The U.S. economy actually grew 4.2% in the fourth-quarter that year and went on to enjoy a terrific decade-long run of prosperity. And we learned in hindsight that recession had actually already ended when the [September 1992 Time magazine] article was printed.” In December of 1992, Time’s leftists gloated that the economic turnaround was “Bush’s Economic Present for Clinton.”