Tales from the Trail
Welcome to Reuters Election 2012, our new hub for the latest political news, analysis, and opinion. With the same commitment to accuracy you’re used to, coupled with the conviction that the exchange of arguments and opinion is a vital component of political coverage, our goal is to build an online resource to help you make sense of the issues and decide which candidates win your votes.
When it comes to framing economic policy, it looks increasingly as though Republicans are winning the debate. Not only have they made “stimulus” almost a dirty word but there seems to be a growing feeling that deficit-financed spending is not a great way to pull the economy out of a recession. Forget the conclusions of the bipartisan Congressional Budget Office about how the bailouts and stimulus of 2008 and 2009 saved millions of jobs. Forget the global consensus around the need for coordinated stimulus after the financial crisis. The American public is simply not convinced.
The term gridlock may have first entered the vocabulary during the 1980 New York transit strike, reportedly coined by “Gridlock Sam” Schwartz, chief traffic engineer in the city’s transport department. In those days it was definitely not something to aspire to. It is a different story in 2010.