It depend on the state of the economy on whether Obama will be reelected imho. If the economy is the same as it is now (illusionary), I think Obama will be reelected. The entire US economy is like a ponzi scheme at moment. As long as there are ppl willing to send in the money, the music will continue and everyone can pretend the economy is great
The best description I've heard is that we're in a "twinkie recovery" -- all artificial ingredients. Deficit spending, QE II, bailouts, crony capitalism, etc. etc.
Tonight, it will be converted into "investment". So much hokum.
And has been for the last fifteen years.
We've been inflating our national standard of living by inflating public and private debt, rather than by increasing real income.
Any President who intends to get us back to fiscal reality is going to have to say a lot of "No"'s:
No to Wall Street. No more federal support for asset bubble gambling schemes. Go back to your role of providing capital support for the real economy, the economy that produces goods and services.
No to entitlement beneficiaries. No more growth in Medicare, Medicaid, and Social Security beyond the level that current and future taxpayers are willing to support. No to tea party signs that say "Hands Off My Medicare!!"
No to Americans who think they can borrow their way to prosperity, or that being born in the USA is an entitlement to material success unless we can produce competitively with the rest of the world.
I'm not hearing any of this from Sarah Palin. So far her economic policy is mostly feel-good, painless solutions.
There are no feel-good, painless solutions. We are looking at a couple of decades of austerity, even if we adopt all the right policies today.
When she starts offering some Churchillian blood, toil, tears and sweat, I'll be on board.