Why is economy such a drag on election?

Some things I just don’t get, such as why polls keep showing that the economy remains such a worry for Americans.

Incumbents from both parties are sweating out the election that takes place Tuesday because the economy, for crying out, is on voters’ minds.

http://www.newsmax.com/Newsfront/midterms-governor-races-economy-incumbents/2014/10/30/id/604083/

I keep seeing the numbers and I actually am heartened by them. Joblessness is down; job growth is up; retirement accounts (such as mine) are up; budget deficits are down; energy production is up; energy consumption is down; home construction is up; auto sales are up.

Who’s badmouthing the economy? Oh, I keep forgetting. It’s foes of the Obama administration in Congress, on talk radio, on cable news shows and a smattering of right-wing economists who keep saying that the economy is in mortal danger of collapse at any minute. They grabbed Americans’ attention when the government enacted aggressive stimulus incentives in early 2009 to try to rescue the failing economy and haven’t let go.

It appears from my vantage point that the economy has been in full recovery mode for about a year, but the doom-and-gloomsayers keep instilling this fear in us that it’s all about the collapse.

OK, it’s not rosy in every corner of the country. As the link attached to this blog notes, some governor are taking it on the chin because job growth isn’t what it should be. Other governors, such as the one in Texas, are crowing about superior growth and are taking all the credit they deserve — and even more than they deserve — for that growth. That’s all fine.

So help me, though, while I might be slow on the uptake a lot of the time, I fail to understand how the economy continues to strike such fear across the land.

 

One thought on “Why is economy such a drag on election?”

  1. You are right John. The economy is improving and the market agrees. Friday saw the S&P 500 set a new record. Pundits, mostly but not wholly on the right, are concerned about deficits even now when they are falling. And mostly the same folks are concerned, still, about inflation even now when deflation threatens. Why? It is probably political myopia. “Myopia” is not being able to see facts beyond the end of your own nose.

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