Source:
NYTimes....Washington is nothing if not a self-preservation society: politicians and policymakers do everything they can to avoid having the bottom of an economic cycle hit in the months just before voters go to the polls to choose a new president.
But despite the best efforts of the Federal Reserve and Congress, which have both moved with uncommon swiftness to provide hefty monetary and fiscal stimulus, it now looks more likely than not that the nation is about to go through a recession this year in which economic activity could well be falling into the summer, perhaps longer. It may already be in one.
Nobody welcomes a recession, but for the Democrats that probability might be considered good news. And even if the economy skirts a formal recession and only undergoes a more modest slowdown before rebounding later this year, voters are likely to blame the weak economy mostly on the Republicans, who are all but certain to be led in November by Senator John McCain. It doesn’t make much difference that President Bush will not be on the ballot....
Read more:
http://www.nytimes.com/2008/02/09/us/politics/09web-redburn.html
So whaddya expect from an administration that doubled the Entire
National Debt in the last 7+ years
which went into the pockets of the lobbyists
and their clients
IMHO