Does O Stand for One Term?
an analyst who doesn't think Barack can get re-elected. That's because the economy going to stay really bad, and Obama doesn't really have any plan to return us to prosperity. My own view is that it's impossible to know, and the eventual return to prosperity probably won't be driven by any government plan. As NLT bloggers have often point out, FDR's plans didn't really return us to prosperity, but confidence in him grew anyway. His "positive" or policy-based landslide of 1936 dwarfed his "negative" landslide of 1932. In any case, we should hope things get better, even if Obama gets the credit.
This election was a lot like 1980 and 1932. The victories of Reagan and FDR were both repudiations of the clueless incumbent and affirmations of their personal qualities of leadership. 1936 and 1984 were ratifications of the CHANGE they were responsible for in the country's direction. Obama is clearly thinking BIG CHANGE that will be rewarded by a similarly positive reelection landslide.
5:00 PM / November 11, 2008
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