Recession Would Work in Democrats’ Favor

[ShockediSay]

Source: NYTimes

....Washington is nothing if not a self-preservation society: politicians and policymakers do everything they can to avoid having the bottom of an economic cycle hit in the months just before voters go to the polls to choose a new president.

But despite the best efforts of the Federal Reserve and Congress, which have both moved with uncommon swiftness to provide hefty monetary and fiscal stimulus, it now looks more likely than not that the nation is about to go through a recession this year in which economic activity could well be falling into the summer, perhaps longer. It may already be in one.

Nobody welcomes a recession, but for the Democrats that probability might be considered good news. And even if the economy skirts a formal recession and only undergoes a more modest slowdown before rebounding later this year, voters are likely to blame the weak economy mostly on the Republicans, who are all but certain to be led in November by Senator John McCain. It doesn’t make much difference that President Bush will not be on the ballot....



Read more: http://www.nytimes.com/2008/02/09/us/politics/09web-redburn.html

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So whaddya expect from an administration that doubled the Entire
National Debt in the last 7+ years

which went into the pockets of the lobbyists
and their clients
IMHO

[Vincardog]

1. How long did they expect to be able to export jobs and import crap? Blame the whole conservative

theory of governance. The last time the "Conservatives" went off the leash like this resulted in the crash and doom of the "great Depression".

[Kolesar]

2. USA will never recover from the dollar going bust as we lost our petrocolonialist empire

Now we are going to be a humbled out former superpower, like Britain in 1946.

[Plucketeer]

3. I'd venture

the Demos will shine - in spite of looney's like Rush doing fundraisers for the like's of Hillary. We've let our superiority be sold down the tubes by the Right. The best we can hope for is a softened landing thanks to some Demo savvy and good will.