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"In the city of my birth, I had a dream..."
When the proverbial economic shit hit the proverbial fan, I stopped worrying about the election. 
5th-Nov-2008 03:57 pm
And I was right.

To quote Paul Krugman: "...there’s not much evidence in the vote for anything besides a broad shift to Democrats, almost the same (~8%) across all the states, and probably a reaction to the state of the economy, stupid."

Historically, the incumbent party gets rolled out every time there's a slump. Plain and simple. I've been hearing that for a long time. There is simply no evidence that we would have had the same outcome if the global economy weren't in the crapper.

Or, to quote Krugman again: "And what would have happened if Lehman had waited until November to blow up? Would smear-and-fear have worked?"

At least the depression has been good for something. Though I can't help but observe that in the United States during the Great Depression, we got FDR. While Europe got...Fascism. I hope this doesn't portend things to come.
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