What if economic news gets better?

Greg Dworkin

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Thursday October 27, 2011 · 5:30 AM PDT

2011/10/27 · 05:30

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Two stories today, one on Euro debt talks and the other on projected GDP growth, have potential political implications.

NY Times:

Global stocks rallied on Thursday after European leaders reached a deal to share the pain of restructuring Greece’s debt and took steps toward the adoption of broad measures to contain the crisis in the euro zone.

WaPo:

Forecasters expect that when the Commerce Department releases its first estimate of the number, gross domestic product will have risen at a 2.5 percent annual rate in the third quarter. That would be the highest growth rate in a year and would trump the 0.7 percent average pace over the first half of this year.

Sure, none of this changes the huge need for jobs or fixes the housing crisis, but with Obama pounding jobs bills and student relief (and some of it actually getting into the headlines and onto the news), it might just reverse the bad news coverage Obama has been getting this year.

It's of special importance because the GOP really has nothing beyond economic frustration to run on. Their plan, be it this week's flat tax, last week's 9-9-9 or Paul Ryan's disastrous roadmap is all the same: coddle the rich and screw the middle class. No one likes their plan, but with a tanking economy, no one is going to reward incumbents.

So what happens if a year from now, the economy isn't tanking? Keep in mind the Republicans have no Plan B if America does well.

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