A Note on the Midterms: History Always Repeats

I think this is very telling when it comes to American politics. In 1982, Americans were angry and upset over the economy and voted their anger. The result was a wave of Democrats being voted into the House, and an impatient voting populace sent a message to Ronald Reagan: Fix the economy and do it quickly.
To put thin...gs in perspective, Reagan swept up after the Carter recession. Clinton swept up the Bush 1 recession. Obama, to his credit, is trying to fix the Bush 2 recession. What I don't think people realize is that our economic system is like Jenga. Crashes are quick and immense, but rebuilding and growing the economy takes much more time, effort and focus.
It will be interesting to see over the next two years what history holds for Obama and how he will work with the Congress.

 

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