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Politics : Politics for Pros- moderated
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From: LindyBill7/14/2010 3:42:23 PM
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"Pessimism Quota [Jonah Goldberg]

Because you can never have enough, from a reader:

Dear Mr. Goldberg,

While I agree with your comments in your article today about what the GOP ought to do, I have a contrarian view of the Obama Administration. I think they think they are sitting pretty and there are some rational reasons for them to think that. While on an issue by issue basis Obama's poll numbers look very weak, his personal job approval numbers look surprisingly strong and really have not moved around that much since earlier in the year. They are stronger than Reagan's at the same point. They are convinced that the economy will rebound prior to his re-election and he will, of course, benefit just as Reagan benefited. So they believe they can absorb a big hit this November and then get a lot of that back in 2012. Then you have the probable dynamics with a GOP House (maybe Senate too?). You know that you could write the script. Republicans will be excoriated as obstructionist, and the Republicans will lose the PR war. Any continued economic weakness will be blamed on an obstructionist Congress. A lame duck Congress will attempt to continue to pass game changing legislation and they may be successful. The GOP can't roll back any of it with a Dem President. In any case, when have they ever?

As for the economy, Bert Dohmen, who wrote a book in 2007 predicting the collapse of the financial system in 2008, says that the sustainable bottom will not occur until 2017. Reason being that we are not in a cyclical depression but a secular depression. Sorry to sound like Oswald Spengler, but that's not my intent."

corner.nationalreview.com
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