Legal Commentary

Who Will Own The Coming Economic Slump?

By Big Tent Democrat

The better jobs report released today has many people scrambling to figure out who will get credit for the the coming economic recovery. My take is decidedly different. The improvement in the jobs situation is very tepid, but certainly better than it was in 2009. But the incoming GOP House is poised to insist on policies (slashing government spending in particular) that will certainly do great damage to the economy, particularly with regard to job creation. The question in my mind is not who gets the credit, but rather who will be blamed for the coming 1937-like economic slump, particularly with regard to jobs.

The answer to that question will not only be critical to deciding who wins the 2012 election, but whether the nation can escape this economic malaise.It is my view that the GOP policies will be enacted and the key for Democrats is to make sure that the policies are seen as GOP policies. Then in 2012, Dems and Obama need to run against the result of the GOP policies. Which I expect to be near catastrophic for the economy.

Speaking for me only

Full post as published by TalkLeft on November 05, 2010 (boomark / email).