“… now is the Democrats’ time, and they can be forgiven if they intend to enjoy it …the downturn began before they took over, and can continue to be blamed on the Republicans for a while. In due course, the economy will come back, as it always does, and the political balance will reassert itself. With the Democrats running things, you can bet that government spending will increase, probably substantially, and that will have the temporary exhilarating effect that increased spending always does. The added debt will further cripple the national fisc, but at too much of a remove to be blamed effectively on those who caused it. The U.S. economy will simply shoulder the added burden and soldier on.”
Source: The Conservative Advocate,”The Political Consequences of the Economic Crisis” (October 13, 2008)
Keywords: economics,governance,political-strategy
