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Absolutely, the Republicans are counting on Obama to fail; that is the only strategy that they have left. They are morally and ideologically bankrupt, and nothing that THEY would say or do would pull us out of this mess.
And yet I think their strategy will work. Why?
If you follow the economic numbers closely, as I do, then you know that the ONLY thing that's improving about this economy is people's perceptions of it. Every other major number is still in a steep decline (although thanks to the stimulus bill, the decline is slightly less steep than it had been). In other words, Americans now have confidence that the economy is getting better, despite all evidence that it is, in fact, continuing to get worse. Obama has done what he does best: given people hope.
However, what happens a month, two months, or six months from now when people suddenly realize that things are NOT getting better? Obama, in America's eyes, is getting the credit for turning our fortunes around (again, based on nothing). He will surely, therefore, get the blame when people realize they've been duped.
Will it be entirely his fault? Of course not. He inherited a mess & thirty years of horrible economic policies. Any student of history, however, will tell you that none of that matters. HE will get the blame. Republicans will step in to be the White Knight, and they will be able to say: we opposed Obama's policies, they didn't work, and we were right.
History is littered with examples of countries that have gone to the far right when their economies have tanked, and based on the past thirty years, there is no reason to believe that that can't happen here.
That's one of the reasons that myself and others have fought so hard against the stimulus and the bank bailouts: they will only make things worse in the long run. That's one of the reasons that myself and others cringed when Obama and his advisors went on national television and said that it was "time to buy stocks" and that all we really needed now was "confidence": both of those statements are demonstrably false, yet both have succeeded in creating the false impression that Obama has fixed the economy. He has not.
Many of you won't believe what I'm saying, and many will be angered by it. To them I say, as always: bookmark this thread. Please feel free to throw it back in my face a year from now. I'd be happy to be wrong - but I don't think I am. Obama and his economic team have given the Republicans they only sign of life that they have, and I, for one, am terrified.
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