Nice theory. Except that the economy was not crawling back:
Now that Barack Obama is safely ensconced in the White House for another four years, several items which should have been noticed or revealed before Election Day have come to the fore. Collectively, they tell us two things: that the pre-election economy was worse than voters were led to believe, and that the prospects for meaningful improvement under the current regime are bleak at best. Additionally, in at least one instance, economic activity itself was likely manipulated.
The latter refers to General Motors' lemming-like production of vehicles right before the election despite large inventories of unsold vehicles. Fancy that.
So now we know that our economy hasn't been recovering. And prospects for growth kicking in don't seem to be there.
Which leads to the question, just how much time does President Obama need to repair our economy with his policies?
Be very afraid if some liberal think tank (like CBS or the New York Times) proposes that presidential term limits be abolished.
