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View Diary: Quick-Fixing Jobs Is a Snare and a Delusion (180 comments)

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  •  tellya what I'm worried about. (10+ / 0-)

    I'm worried that the job growth will stay slow (which it likely will, given the catastrophic nature of the crisis Obama was handed) and Republicans will re-take the house and senate in 2010.  Then a few months after that, the measures that Obama's taken will finally start coming to fruition... and the Republicans will try to claim it's because they're back in control of a branch of government.  And their idiot constituents will happily believe them.

    That bugs me...

    "Glenn Beck ends up looking like a fat, stupid child. His face should be wearing a chef's hat on the side of a box of eclairs. " - Doug Stanhope

    by Front Toward Enemy on Thu Dec 03, 2009 at 11:24:45 AM PST

    •  That's always possible (2+ / 0-)

      There was the idea last year that the economy was in such bad shape that no matter WHO got elected, they would regret it.  The thinking was that whoever won in 2008 would be a one-term president because the problems are so big that nobody could solve them in 4 short years.  3 actually, if you consider the 4th year is all campaign all the time.

    •  Goldman Sachs, you remember those ... (7+ / 0-)

      ...guys? Here is what they say in that regard, according to James Pethokoukis at Reuters Goldman Sachs 2011 forecast would be an absolute disaster for Dems:

      The key features of our 2011 outlook: (1) a strengthening in growth from 2.1% on average in 2010 to 2.4% in 2011, with real GDP rising at an above-potential 3½% pace in late 2011; (2) a peaking in unemployment in mid-2011 at about 10¾%; (3) extremely low inflation – close to zero on a core basis during 2011; and (4) a continuation of the Fed’s (near) zero interest rate policy (ZIRP) throughout 2011.

      Don't tell me what you believe. Tell me what you do and I will tell you what you believe.

      by Meteor Blades on Thu Dec 03, 2009 at 12:11:31 PM PST

      [ Parent ]

    •  I've been thinking about this too (1+ / 0-)
      Recommended by:
      Front Toward Enemy

      And while it certainly is troubling, I don't think the Obama presidency (or a second term) are doomed yet.

      Ronald Reagan took office in 1980 with unemployment at 7.5%. By December  of 1982, the unemployment rate had risen to 10.8%. Two years later, Reagan was re-elected winning 49/50 states.

      High unemployment certainly doesn't help Obama, but it isn't going to break his presidency if it levels out below 11%

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