from WashPost: http://www.washingtonpost.com/wp-dyn/content/article/2010/10/14/AR2010101406173.html?tid=iGoogle
The untold story here is not that the Obama Administration has caused major damage to the American economy or that people, over time, don’t think the Democratic policies put in place, over the last 2 years, will not work.
Swing, undecided and transient (those who don’t vote in every election cycle) voters are just not seeing progress fast enough.
I could make a laundry list of Obama accomplishments and promises he has kept since being in office. Tim Dickinson, of Rolling Stone Magazine, has done just that.
(link here:http://www.rollingstone.com/politics/news/17390/220013?RS_show_page=0)
But, to voters drawn to instant gratification, that really doesn’t matter. It doesn’t matter that, in another few years we’ll not only see daylight out of this GREAT RECESSION (some call it the likes of the GREAT DEPRESSION)—but that the light won’t be the all-so-feared freight train.
As I’ve said before: You can’t expect years of Middle Eastern Wars costing a Billion dollars a month, month after month, year after year; coupled with the lack of SEC oversight which lead to a financial earthquake (literally shaking Wall Street at it’s foundation) to be solved in less than 2 years. Instant gratification just doesn’t work in this situation.
Maybe the real story here is what China has done for some years now, which has artificially devalued their currency by some 30-40 percent. American economist have augured against the Fed policy of keeping a strong dollar (viewed over valued by some) as a key factor of trade deficits to the tune of over 40 Billion a year. (link here: http://www.huffingtonpost.com/2010/10/15/jobcreation-idea-no-10-a-_n_763862.html
At the end of the day, American’s are still hurting from the pain caused by the past Administration. They’re drowning. And, as a result, these drowning voters are pulling Democratic candidates, who are trying to save them, down with them.