Spring Follows Winter, Economies Recover

While it didn't quite put it this way, the NYT told readers that President Obama plans to really lower the bar big-time on his economic record. It told readers:

"The president and his advisers are confident their course will lead to a full recovery, though not this year. That long-term prospect has stoked Mr. Obama’s competitive juices, lest a Republican take the White House and with it the eventual credit for economic gains."

Economies generally recover over the long-term unless you do some really really awful economic policies. The real question is how long the recovery takes. If President Obama's track record is so bad that all he can do is say that the economy will eventually recover, then he is in serious trouble.

Perfect Price Competition Requires Homogeneity to Get Votes
written by izzatzo, January 24, 2012 5:36 AM

... Mr. Obama’s competitive juices ...

Any economist knows the most effective competition is to become identical with one's opponent which allows voters to see them as perfect substitutes.

GO TWEEDLE DEE AND TWEEDLE DUMB!

Stupid liberals.

-4

Obama Has Failed on the Economy
written by PAUL, January 24, 2012 8:31 AM

"The president and his advisers are confident their course will lead to a full recovery, though not this year."

It is extremely unlikely that full employment will be restored any time during a second Obama term given his budget cutting and tax increase agenda. Obama is in the thrall of classical economists and has become anti-Keynesian.

So the future is just more suffering for the unemployed and bleak house for the rest of us.

...
written by kharris, January 24, 2012 8:32 AM

"If President Obama's track record is so bad that all he can do is say that the economy will eventually recover, then he is in serious trouble."

Why would that be true? Assuming that "track record" means his policy proposals, rather than the economy's performance, then all we need to do is look back to his predecessor's bad economic policies and winning of a second term to understand that bad policies don't necessarily lead to failure at the polls.

iiiii
written by mel in oregon, January 24, 2012 4:10 PM

obama's not in trouble. he would be if the republicans had anyone running that made any sense. however they have romney, gingrich & santorum, 3 wealthy men that prove the old agage, "if you're so rich, how come you're not smart?"

Spring Follows Winter, Economies Recover

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