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November 21, 2010

Old and Busted Delusion: The 2010 Midterm Election Results Underscore the Wild Popularity of Obama's Agenda. New and Hot Delusion: Obama in a Landslide in 2012! [Dan Cleary]

Interesting theory.

Things are looking up for Barack Obama.

You might not think so, given the flow of news lately. His foreign policy has met with limited success, at best. And, back home, unemployment is mired at 9.6 percent. Earlier this month, in a major political blow, Democrats lost more than 60 seats and control of the House of Representatives.

So what is there for Mr. Obama and his supporters to cheer about? Try this: Based on the facts at hand right now, Mr. Obama is likely to win the 2012 election in a landslide. That, at least, is the prediction of Ray C. Fair, a Yale economist and an expert on econometrics and on the relationship of economics and politics.

As best I can tell, this fanciful prediction appears to be based on a delicate blend of about 10% wonkish, highfalutin gobbledygook and 90% "Let's cross our fingers and pray that the economy miraculously rebounds over the next two years, despite all the obstacles Democrats have eagerly set in place to prevent that from happening."

But I'm just a moron. What do I know?

h/t: Newsbusters.


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posted by Open Blogger at 11:25 AM

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