Hillary Embraced All Things Obama To Win The Nomination, But Now She Is Stuck With His Lackluster Economy.
Ed Rogers in today’s Washington Post – A slew of bad economic headlines last week made it official: The Obama economy has failed.
As noted in the Wall Street Journal, “Even seven years after the recession ended . . .
In terms of average annual growth, the pace of this expansion has been by far the weakest of any since 1949.”
The economy has grown at an annual rate of only 2.1 percent since the recession ended in June 2009, compared with annual growth of 4.3 percent during the economic expansion from 1982 to 1990.
So what does this mean for Hillary Clinton? Let’s remember, economic circumstances produce political consequences. They are the issues that drive votes.
Gallup found that 60 percent of Americans think economic conditions in this country are “getting worse.”
The typical American might not be able to quote statistics about how if the labor force participation rate were the same today as it was when Obama took office, the unemployment rate would be 9.2 percent instead of 4.9 percent.
They can’t rattle off statistics about the decline in median household income under President Obama, but they can tell you firsthand about small businesses that have closed in their communities, friends who can’t find work, and their own financial struggles.
And nothing they hear from Clinton makes them believe things are going to get better.
Clinton was forced to embrace all things Obama to win the Democratic nomination, so she is stuck with his economy. I can’t imagine a worse scenario for a Democrat less than four months before any election, especially as economic growth remains so weak.
If the state of the economy controls the outcome of the election, Clinton could have a big problem on her hands.