Quote Of The Day
Seems many Republicans are looking to change their narrative. Just in case there is an actual economic recovery (I’m personally still betting double-dip), they want to start blaming Obama for the deficits and spending rather than the pathetic jobs numbers. To this, Kevin Drum asks:
Well, at least we’ve been prepared. If the economy sucks, it’s Obama’s fault. If the economy prospers, it’s a dangerous mirage brought about by Obama’s failed policies. What do you think are the odds that the media will buy this?
Oh, I’d say those odds are about zero. They’ve already swallowed the “things are shitty but the Obama administration saved them from being a depression” line.
How can I be so sure? Because about 7 hours prior to Drum’s post, Ezra Klein said this:
You have to sympathize with the Obama administration: It has done more to save and create jobs than any White House in recent memory. It stabilized a financial system that was teetering on the edge of collapse, and that would have sent unemployment skyrocketing if it had fallen. The administration passed an $800 billion stimulus bill that has already created more than 1.6 million jobs and is likely to create 2.5 million by the time it ends. And still it’s hammered, on the one hand, for not doing enough to create jobs, and on the other hand, for high deficits, which are a direct product of how much the administration’s doing to create jobs.
To that, I’ve got a question. What are the odds that the media will understand that the true problem is not that Obama is to blame or that Obama is our savior, but that this economy is the reckoning of 30+ years of bad government policy by both parties, and is not some transient moment?
Yep, just about zero.