Hey, it was the economy, stupid! Like (lambert blushes modestly) some of us were saying. McClatchy:
Barring a dramatic change in the political landscape over the next three weeks, Democrats appear headed toward a decisive victory on Election Day that would give them broad power over the federal government.
Oh progressives! Progressives!
You can start holding Obama's feet to the fire now! Because by January, the trillion Obama worked the phones for will have gone where the woodbine twineth -- and either there won't be any money for, say, universal health care, or that will be the excuse. Shock Doctrine in action...
NOTE And as Stirling remarks:
he word from the IMF and finance minister meeting is that nothing so intelligent is even being considered. Instead, their view is that this is a paper crisis, and the trick is to find some arrangement of moving paper around that will rebalance the system. Then stagnation, consumption taxes, and assorted other ways of screwing the working and middle class can be used to recapture the money - I mean really, social security is just sitting there waiting to be dumped into exciting opportunities in the distressed derivatives market.
Under the banner of "shared sacrifice," no doubt.