"Obama recession,"

LaHood Hits Back Hard Against Charges Of "Socialism," "Obama Recession"

Obama told the Times' scribes. "I did think it might be useful to point out that it wasn't under me that we started buying a bunch of shares of banks."

"This is not an Obama recession," he said. "He inherited all of this. He inherited a $1 trillion dollar debt. He inherited the recession. He inherited the lousy stock market. All of this was inherited. The guy has been in office a little over a month and what he has tried to do is listen to every economist he could listen to. And he put in place some opportunities to get people to work quickly through the transportation bill portion of it, to help the banks, and to help the real estate industry. And it is going to take time."