No, Obama was always doomed be a one-termer. The economy will still be bad come election time, and that is enough to doom him and the Dems. The incumbent president’s party always takes the hit for a down economy. The Republicans could have run Ronald Reagan again and they still would have lost the election.
Fortunately for us, Obama is doing everything he can to be thrown out of office by over-reaching to rush us toward socialism in the brazen manner he is. They are going for all the chips and the backlash will be stout in 2012. 2010 will be bad enough. The bad economy will see to that. It is just a matter of how many seats the Republicans pick up.
All of this was baked into the cake when the economy began to collapse on the back of deleveraging debt and the liquidity crisis. The players don’t really matter.
“All of this was baked into the cake when the economy began to collapse on the back of deleveraging debt and the liquidity crisis. The players don’t really matter.”
You ever read Robert Prechter? He says pretty much the same thing.
Have to disagree on that one. This election was very winnable for the Pubs. There was only one problem, and that was the candidate.