Obamanomics and voter patience
My pal Ed Morrissey tries to get a handle on the depth of reservoir of voter goodwill:
Even if we wildly disagree on economics, we agree that Obama will own this unemployment cycle, and soon. The 10% mark is a psychological barrier that Obama simply cannot avoid. Even without it, blaming Bush has a shelf life whose expiration date is rapidly approaching. Bush didn’t spend trillions of dollars in 2009 and promise that it would create “or save” jobs. Voters will get tired of hearing how many jobs Obama thinks he’s “saved” while unemployment continues to rise.
Obama has been in charge for almost five months and got every single bit of economic policy he wanted from Congress. If the economy remains mired and debt keeps skyrocketing, people will start to ask what they got for all of their great-grandchildren’s money. Even a Party of No will look pretty good in comparison under those conditions, and perhaps especially so.