Sometimes the American people surprise me with their perceptiveness. (Via Instapundit.)
Certainly the media has been trumpeting doom and gloom for ages; well before it had any justification for doing so. The more interesting question is when they’ll stop. The economy can’t get good until President Obama’s policies have been in effect long enough to be given credit, so probably late-2010. They don’t want to wait too long after that, unless they want to try for an FDR 1936 scenario (“re-elect me, because the economy is still terrible”), which is probably too risky.
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