Not a good day for economic news...

[finnbow]

Originally Posted by whell

Which policies are those? Tax cut and spend? Pretty much been Barry's agenda, too, far as I can tell. He left the tax increase for after his first term is done, and his timing with that couldn't be worse.

This pretty much explains my skepticism regarding the tenets of your argument.

As grim as the Obama era has been, Americans still have a distinctly negative reading on what the last period of Republican economic stewardship delivered: rising health care costs, wage stagnation, a real estate bubble and then of course the financial crash itself.

Against this backdrop, it may not be quite enough for Mitt Romney to explain how the incumbent has failed. He needs to explain why, so soon after the Bush era, the country should trust his party to put things right again.

As it happens, two new books by right-of-center thinkers offer interesting — and very different — answers to that question. The first is “Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong,” by Edward Conard, a former managing director at (ahem) Bain Capital, who was profiled in The New York Times Magazine a month ago... He defends the growth of the financial sector and the bubble-era behavior of the major banks. And he argues that the crisis itself was less a comprehensive meltdown than a simple panic that tells us very little about the underlying soundness of the economic order.

http://www.nytimes.com/2012/06/03/op...-recovery.html

As unsatisfying as Obama's administration may be, the GOP's current Teabagger (and Bain Capital apparently) worldview is far worse. Unfortunately, Romney has been forced to bow to this worldview.