SMRs and AMRs

Thursday, April 21, 2011

What history will apply to the 2012 election?

By E.J. Dionne Jr.,
WashPost
Wednesday, April 20, 7:42 PM

Handicapping an election 19 months away seems relevant only to political junkies except for this: Expectations, as shrewd investors know, affect actions.

The Republican presidential field might be more formidable if President Obama were less strongly favored. And over time, what Congress does will be shaped by the presidential campaign’s direction.

Views of 2012 are heavily influenced by the metaphors that prognosticators invoke. Will it be 1984, 1988 or 1992?

Obama’s camp loves 1984. President Ronald Reagan’s popularity plummeted during the economic downturn of his first two years, and Republicans did badly in the 1982 midterms. Then the economy roared back and so did Reagan. He won the landslide Obama’s handlers dream about.

(More here.)

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