Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: lorne who wrote (89945)	8/28/2010 7:10:03 PM
From: Hope Praytochange	of 224759

By LAURA MECKLER WASHINGTON—The string of bad news about housing, employment and economic growth has led Democrats to an inescapable conclusion: the economy is not likely to improve in time to help them in the fall elections. Congressional Democrats and the White House will continue their attempts to enact policies they believe will boost the economy—and which are also aimed at persuading voters they are working to make things better. But some officials acknowledge it is too late for these initiatives to change the economic situation ahead of the Nov. 2 elections. "We begin early voting in about 33 days. It would be hugely unrealistic to anticipate some kind of monumental economic turnaround between now and when people start casting our votes," said Ohio Gov. Ted Strickland, who faces a tough re-election race. "I'm having to deal with the reality of what is. You can't wish it away. What is, is." A series of disappointing economic reports has made clear that won't be the case. The most recent one came Friday, when the government reported that the economy grew at a much slower pace in the second quarter than previously estimated. The gross domestic product, a broad measure of economic output, grew at a 1.6% annual rate, down from an initial estimate of 2.4%, and slower than 3.7% in the first quarter. Republicans say the Democratic agenda is to blame for the bad economic news. "Today's disappointing GDP report caps off another week's worth of evidence that President Obama must change course and abandon his job-killing policies to end the uncertainty that is keeping people out of work," House Minority Leader John Boehner (R., Ohio) said Friday. Amid the continuing economic weakness, some nonpartisan analysts now believe there is a good chance Democrats will lose their majority in the House. Last week, the Rothenberg Political report downgraded the re-election chances of five House Democrats, and the Cook Political Report did the same with 10 House Democrats.

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