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Taking On - Issues Atomized

Dick Morris: Economy Not Obama's Fault

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This from Dick Morris, who was campaign manager of Bill Clinton's successful 1996 bid for re-election to the office of President. His tenure on that campaign was cut short two months before the election, when it was revealed that he had allowed a prostitute to listen in on conversations with the President.

According to Morris, whomever would have won the 2008 Presidential election would end up being blamed for a piss-poor economy, because EVERYBODY KNEW that was where the economy was heading.  As it turns out, Republicans continue to use the predictable economy against President Obama AS IF it were his fault.  Read this:

AN ELECTION THAT THE REPUBLICANS NEEDED TO LOSE – GOOD LUCK OBAMA

By Dick Morris   11.6.2008

The original article: http://goo.gl/QAgGe

If ever there was an election that was not worth winning, it was the contest of 2008. While it was hard-fought on both sides, had McCain won, it might have spelled the end of the Republican Party. As it is, the party is well-situated to come back in 2010 and in 2012, if it learns the lessons of this year.

Simply put, all hell is about to break loose in the markets and the economy. The mortgage crisis will likely be followed by defaults in credit card debt, student loans and car loans. We will probably be set for two years of zero growth, according to economists with whom I talk. And the federal efforts to protect the nation from the worst of the recession will probably lead to huge budget deficits and resulting inflation. We are in for stagflation that could last for years.

Had McCain won, he would be the latter-day Hoover, blamed for the disaster that unfolded on his watch. Now it is Obama's problem. With the Republicans suffering a wipeout in congressional elections (although not as bad as they feared), the ball is now squarely in the Democratic court. Good luck!

http://www.dickmorris.com/blog/an-election-that-the-republicans-needed-to-lose-%E2%80%94-good-luck-obama/

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Last Updated on Sunday, 20 May 2012 08:41