Will the Economy Sink Obama?
Despite what optimists within the White House may believe, the odds are not good that Obama will repeat 1996, when Bill Clinton made a startling political comeback.
So, should progressives just give up? History says no—over the past decade American politics have proved astonishingly mutable, with not one but two supposedly permanent majorities quickly collapsing in 2006 and 2010. Things may turn again, as long as progressives fight on. But what would fighting on look like? First, it would mean fighting on economic issues. While it is extremely unlikely that Democrats can undertake any further fiscal stimulus, they can put Republicans on the spot, resisting calls for austerity and making the case, repeatedly, that the GOP is standing in the way of necessary action.
