The demise of American manufacturing is the major factor, but politics is another. Probably the biggest kept secret of American political history – when supply-side economics failed and sent us into a double-dip recession in the early 1980s, Cap Weinberger proclaimed “Soviet Military Superiority” (since proven to be a sham) and Reagan spent his way into recovery – generating a deficit by the election of 1984 which had exceeded all prior deficits combined dating back to George Washington. Hence this chart re government spending comparisons between Reagan and Obama.
Kos headline of the year in response to recent polling of Republicans: “Do Conservatives Really Belive Obama is Muslim, or are They just Dicks?”
Rick Santorum isn’t playing the game right. Last week he admitted that the Republicans may lose the economy as an issue despite the story above. This week he’s accusing Fox News of shilling for Romney.
And people keep putting a microphone in front of Sara Palin’s mouth with crazy results.