Yeah, those tax cuts were so horrible. The budget deficit had shrunk to $171 billion, including the wars, and unemployment was 4.6% in 2007. One would have to be out of his mind to want to leave the era of $1.5 trillion deficits and 9.6% unemployment! It is nirvana!
By the way, one of your friends said that he couldn't wait until 11 November 2010 to vote. Both of you should make sure to get to the polls early on the 11th so that you can avoid the mad rush.
When people learn that you are an economist, they often want you to predict which way the economy is going. There seem to be more than the usual number of calls for such predictions lately. But an economist should be more aware than others are of how hazardous such predictions can be.
One reason is that what happens in the economy is affected by what politicians do in Washington-- and who can predict what politicians will do?
However, let me go out on a limb, and try to predict what politicians will not do.
What would probably get the economy recovering fastest and...
Remember! All Repugnantcans and Conservatives that Mohammed The Shiite said that election day is Nov.11,2010!