… There has always been a strong linkage between economics and politics. “Up” cycles helped incumbents. “Down” cycles hurt them.
But in 2012 we saw most all incumbents returned, despite the plunge. Even now, as the politicians fiddle toward non-resolution of the so-called fiscal cliff, thereby threatening deepened recession, the public seems oblivious. It’s why the two parties don’t feel any particular urgency to act. [cont.]