I live in a small town in rural Michigan about 1.5 hours north of Detroit. The economic situation here is apocalyptic. I mean literally: The town is unemployed. The grocery store is closed. The hardware has closed. The factories are either closed or obviously in big, big trouble unless things change soon.
I think this 60 minutes represents the real concern for the future that even the most hardened partisans hacks on the 'rat side must feel. The great depression drove America hard to the left. They had hopes this diaster would do the same. Quite the oposite seems to be true.
If I was at the DNC I would consider it absolutely essential - a matter of life and death - that substantial improvement be made in the economy before 2012 that Obama can try to steal the credit for.
My CPA wonk went to a Confab of which they would not hand out booklets or allow copies of the PDF to get out by the Comp-Troller type. Michigan hit s a brick wall next yr with Porkulus running out and Medicaid/Medicare cost increasing and a former state employee retirement bubble hitting. His analysis they can't cut enough and it will have to be done and more taxes....