Sunday, October 11, 2009

Economy, jobs decline--bad for Dems, good for

Obama and his (God forbid) reelection: (from NRO)

"Krauthammer's Take [NRO Staff] From last night's Fox News All-Stars.

"On the state of the economy:

"When you hear the Speaker of the House say that we have saved or created many jobs, you notice she said "many," because she didn't have a clue what that number is. And the number is entirely unknown. It's angels on the head of a pin.

"We have lost jobs. You can always imagine. But the reality is the one city in the country that is increasing employment is Washington, where they're hiring bureaucrats who are going to decide how other Americans are going to be running their lives.

"But otherwise, what we're getting is an increase in unemployment. The pace of increase of unemployment is decelerating, so we are going to hit a plateau. But it will likely only occur next year or late next year. It will be surely over 10 percent and that will hurt the Democrats in the elections.

"However, I think for Obama personally, the calendar here actually helps him. I think if you're a president and you want a second term, you want to have your recession early. Reagan did. It was a severe one. He got hurt in the midterm in 1982, but of course there was a recovery, and he was reelected."

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