Dow hits bottom at about 4000, and a slow recovery has gone underway by 2012. It is at about 5000 by election day.
The economy is still dreadful compared to 2006/2007, but people give him credit for stabilizing the situation. He wins a landslide against an extremist and out of touch opponent.
Dude if the Dow is 5000 on election day 2012, he is going down in a landslide against whoever his opponent is.
Not true.
If there is any hint of recovery from the situation he inherited, he will win and he will win big.
Let me try to understand what you are saying.
If there is an unemployment rate of 12% and the stock market plunges to 5,000 (it gives me the chills just thinking about this), Obama can just blame everything on Bush and win 2012 in a landslide? Sorry, but Obama is going to eventually have to take responsibility.
Well Bush never did (only in the last days of his presidency did he even begin to atone) - and that incompetent got a pass in 2004. And the economic situation Obama inherited is way, way more severe than when the dotcom bubble burst. Bush had his chance to build on the prosperity of the Clinton presidency. He didn't - and prosperity for millions of hard working Americans became but a dream. Just cut taxes for the sake of cutting them (the Republican way, more to those who greed them, less to those who need them) - and in terms of putting the economy on a sounder long term footing, they, obviously, fell short
Sometimes I think Bush just took advantage of America being "center-right" knowing full well his failings would get a pass in a way no Democrat's ever could
This president - whatever happens - as a Democrat (a pragmatic center-leftist, who I find, positively, Christian Democratic in certain respects) will be held to a higher standard than Bush ever was. And the meritocrat in me says that is exactly how it should be come 2012
Dave
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