Paul Ryan just twisted himself into a knot trying to undermine Obama's economic record

Paul Ryan is changing his tune on the Federal Reserve.
(Image credit: John Gress/Getty Images)

It is not surprising that House Speaker Paul Ryan is unimpressed with President Obama's economic record. What is surprising is who Ryan thinks does deserve credit for helping the recovery: the Federal Reserve.

"I think the Federal Reserve has done more," the speaker told reporters on Tuesday, after being asked if Obama "deserves any credit at all" for the recovery. "What's happening is people at the high end are doing pretty darn well because of loose money from the Fed," he said. This will be news to followers of Ryan's career. He's long railed against loose money from the Fed, claiming it will debase the dollar and lead to inflation. (It hasn't.)

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.