Yes, it’s funny how he says that in the 80s the democrats were “out of touch”, when in fact they kept winning elections until 1994.
He also believes that the entire 2012 presidential election will be based on the GNP for the year. If that was really the case, he’d be saying that we can only win the White House if we destroy the economy until after the election.
The economy is going to be anemic for a few years and Obama’s policies are going to keep it that way. If Obama does manage to land a second term he will do it with an opposition Congress that will both check his efforts and likely repay the Democrats with a bunch of investigations. I see the Dems losing at least 30 seats in 2010 and maybe up to 35. The 2012 election will lose them another 20-25. The trend looking forward is that the Repubs will own both the House and Senate in 2014 if Obama wins a second term.