![\"Barack](\"http:\/\/static.businessinsider.com\/image\/4ba589307f8b9aa518a40300-310-232\/barack-obama.jpg\")
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For months now, the pundits have predicted doom and gloom for Barack Obama and the Democrats come November.<\/p>\n
But we’re not totally convinced.<\/p>\n
A very likely storyline goes something like this (as we’ve already written<\/a>): Healthcare passes. On Friday, April 2 at 8:30 AM<\/a> the March jobs numbers come in, and they show for the first time decisive job growth (very possible). Finally Case-Shiller shows the housing rebound that stalled out over the winter, and voila, the recovery looks credible. Obama then uses the next 8 months to keep juicing the economy, thus riding to a narrow, not-devastating loss in November.<\/p>\n It’s very possible.<\/p>\n But it’s also very easy to envision the nightmare.<\/p>\n Healthcare fails. The jobs numbers look ugly and suddenly there will only be one storyline: why on earth did the Democrats spend so much time pursuing a healthcare bill, when unemployment hovered around 10%, and there was no job growth to speak of?<\/p>\n What the hell were they thinking?<\/p>\n And it’s not just jobs. Calculated Risk<\/a> lays out various downside risks to the economy: the savings rate begins to creep up rapidly again (something that should happen, though for the right-now that’s seen as a negative), wage deflation picks up again, while small businesses continue to suffocate without access to credit.<\/p>\n In just a few days, starting tomorrow, this could all be the storyline, and then that will go from here until November, at which point John Boehner & Co. will mop the floor with the Democrats, removing the gavel from Nancy Pelosi’s hands for good.<\/p>\n If Obama doesn’t get much sleep tonight, we won’t blame him.<\/p>\n Join the conversation about this story »<\/a><\/p>\n For months now, the pundits have predicted doom and gloom for Barack Obama and the Democrats come November. But we’re not totally convinced. A very likely storyline goes something like this (as we’ve already written): Healthcare passes. On Friday, April 2 at 8:30 AM the March jobs numbers come in, and they show for the […]<\/p>\n","protected":false},"author":810,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-453529","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/453529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/810"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=453529"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/453529\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=453529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=453529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=453529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/img><\/a>
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