Midterms an Economic Referendum
“For both F.D.R. and Obama, national economic disaster was electoral good fortune. But Obama’s luck ran out almost as soon as the votes had been counted.”
“Obama is no more to blame for the Great Recession than F.D.R. was for the Great Depression. But the longest and deepest mass suffering has occurred with Obama in the White House and Democrats holding a majority in (if not always in control of) our two national legislatures. That—more than tea parties, more than Fox News, more than the scores of millions of anonymous corporate dollars poured into negative campaign advertising courtesy of five Justices of the Supreme Court—is why, next Tuesday, the Republican Party is overwhelmingly likely to retake the House of Representatives outright and, at the very least, to augment its share of seats in the Senate enough to make its veto power absolute.”
