For all of last year, as the parties tested their rhetoric in the early stages of the election campaign, Democrats were stuck in the unenviable position of arguing a counterfactual: “The economy is bad, but without what we have done, it would have been even worse.” That could very well have been true, but it was not exactly a stirring closer for a stump speech.
Now, in light of the latest economic data, the situation is beginning to shift. Suddenly the Republicans are the ones left with the counterfactual: “The economy is getting better, but if we had been in charge, it would be better still.” Not nearly as good a line as “failed stimulus,” “economy in free fall,” or “record unemployment.” Read more>>>
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