The only economic indicator I needed: This is an election year for President. The Democrats are not the party in power. The Democrats want to be the party in power, and the media, being good socialists, will see that all the grim speculation is repeated early and often.
Bad news sells. Media MO.
Bad news helps make more bad news by creating panic. Economic reality - Human behavior.
Some politicians will themselves quickly jump on the bandwagon of any theme, even to the detriment of national security or our nations economic development, as long as it benefits them.
Yes, you’re right. The Democrats even though in control of Congress more or less, will attempt to portray this as a presidential issue so they can exploit it in the Nov 2008 elections.