QE2 has caused inflation, gas prices are skyrocketing, employment is still not recovering to mid 2000’s levels let alone 90’s levels. The housing market is still stagnant and looking to get worse. Stagflation is back and better than ever!
States, Counties and municipalities are bankrupt. The Federal government is borrowing half its budget.
It’s becoming pretty clear that the economy will not recover in time for the 2012 election. Obama will likely face challengers in his own party for the nomination and whether he wins the nomination or not, the election will be the Republican’s to lose.
And being Republicans, they CAN lose.
They desperately need a Reagan and all they have now is more Dole and McCain.