Saturday, November 3, 2012
I think for Bush it will always be the bannered "Mission Accomplished": presented, but not spoken. For Obama though, they were very much spoken, and spoken very often: "The worse economic recession since the Great Depression". It may be these very words that almost ensure him at this point of winning the 2012 Presidential Election. With the unemployment now at 7.8% (a slight increase from last month) this should be Obama's election to lose: no president has ever won a re-election in modern history with such a high unemployment rate. However, I think those memorable words have been etched into the minds of many Americans and they agree that it's true, and thus we can't expect the kind of recovery we experienced after the dot com bubble (which turned out to not be any recovery at all).