voters are petrified of losing their jobs, their homes, and what’s left of their savings. Nothing counts more than the economy.
What happens next November depends both on the extent of joblessness and the direction the economy is moving in.
Obama and the Dems are in a box. The only sure-fire way to get jobs back is for them to do more deficit spending. After all, consumers are still in no mood to spend, businesses won’t invest without consumers to buy the fruits of such investments, and exports are still in the tank. Government remains the purchaser of last resort.
Deep and continuing economic stresses bring out demagogues, xenophobes, racists, and opportunists who channel people’s fears and anxieties into resentments against other people
Click on the following for the rest of the story: Robert Reich
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