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Well, here's my prediction.
Stocks and profits are up, building permits are gradually climbing, and auto production is up. To those who know, these are leading indicators of an economy on the upswing of a recovery, no matter how gradual. To the average Joe, they don't notice these things.
You see, they only notice things such as unemployment, which is an indicator that reflects the health of an economy after the fact.
So what's going to happen is the GOP will win more seats, and probably more power. Then, just as the 2012 election gears up, the unemployment rate will have dropped and the GOP will take credit. This despite the fact that it would be more apt to credit the Obama administration for it.
The timing is quite delicious for the GOP. After a disastrous Bush period, let's put a Democrat in the White House to weather a financial crisis. Let's call whatever the outcome is a failure, no matter how close it is to what Obama had hinted at beforehand. Take back power during midterm; take credit for economic turnaround when (not if) it comes. Use this as leverage for the next presidential election.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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