In Elkhart, Ind., on Monday, President Obama spoke as if America were approaching a doomsday that only a massive increase in government could avert.

"The situation we face could not be more serious," he said. "We have inherited an economic crisis as deep and as dire as any since the Great Depression. Economists from across the spectrum have warned that if we don't act immediately, millions more jobs will be lost, and national unemployment rates will approach double digit ...

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