The double-edged sword of economic ignorance will also help Obama
Near as I can tell, the aggregate American view of economics is:
1) Deficits cause recessions
2) The best indicator of a good economy is low gas prices
Both hopelessly wrong, of course. But, to paraphrase Donald Rumsfeld, you don't go into an election with the electorate you want, you appeal to the electorate you have.
Our "common sense" antipathy to fiscal stimulus has been a big problem for Obama. People demand that he fix the economy while condemning the only method that could do so.
By the sword does have two-edges, and the other one will help Obama.
The world is probably set for another down-turn (though not as sharp as 2008-2009) thanks to the "common sense" of people world-wide (austerity) but the fruit of misunderstanding #1 will have a big effect on #2.
Gas on election day will be quite cheap, comparatively. It will be under $3.00/gallon a lot of places.
And the reason for that is "brilliant" RW management of economies. Global demand for energy will continue decreasing as expectations of economic growth decreases.
When these RW clowns promise cheap gas I believe them. Demolishing the economy (which their stated plans essentially gurantee) would, in fact, lead to lower gas prices.
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