Imagine two scenarios:
- Today's awful economy but Obama loses his re-election bid
- A booming economy, > 7% growth and < 6% unemployment, but Obama gets re-elected.
But the second scenario just will not happen. Because the main causes prolonging this dismal grey economy are Obama's various policies -- big gov't spending chief among them. Sadly, I have no doubt that the second scenario could not possibly occur.
The sad thing is, we could right this ship tomorrow with little or no further gov't spending. We would just have to repeal three bills: Sarbanes/Oxley, Dodd/Frank and Obamacare. Regulations in those bills are hampering job creation. All it would cost to repeal them and reinstate the status quo ante would be the cost of printing the repeal bill and signing it into law.
Picture a lion, chained to the ground so she cannot hunt, weighed down with a heavy iron collar so she cannot lift her head to eat, and presented with oatmeal instead of meat. Is it any wonder such a beast would waste away and become sick? Would you express astonishment if her muscles atrophied and her skin sagged? But release her and let her hunt easy prey and will she not recover?