Friday, June 08, 2012

Left Already Explaining Mitt's Successful Presidency

I think they're reading the same tea leaves I am. Well, one big advantage that Mitt Romney will have is that Obama's catastrophic presidency will be an easy act to follow.
Should Romney assume the Oval Office next year, however, his job would be a lot easier than Obama’s was in 2009. Before you start howling, consider the evidence. History tends to measure presidents, at least in part, by how well the economy performs on their watch, regardless of whether their policies are actually helping or hurting the nation’s fortunes. (Of course, their policies are rarely that powerful anyway.) So let’s start there. When Obama took office, the economy was hemorrhaging an average of 700,000 jobs a month and shrinking at a 6.7 percent annual rate. Because of the crisis, he was forced to set aside the rest of his domestic agenda and spend massive amounts of political capital to pass the largest (and perhaps least-popular) stimulus package in American history.


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