My thoughts:
A.) He can NOT POSSIBLY think this is true.
B.) He can NOT POSSIBLY believe this is true.
C.) He can NOT POSSIBLY think WE believe this.
-and finally-
D.) If he is right, I want a refund from my undergraduate economics professors.
From the same speech, this gem (referencing the tax cuts as helping to lessen the recession):
“What we got instead,” he said, “was the most dramatic fiscal deterioration in our nation’s history.”
I wonder if Mr. Daschle remembers this.