Alguns excertos do artigo:
"The difference is that the problems look a lot worse this time: a much bigger bubble, more financial distress, deeper consumer indebtedness — and sky-high oil prices added to the mix. So if history is any guide, we should be looking at an extended period of economic weakness, probably extending well into 2010, and quite possibly even longer. Can the next president do anything to avoid that outcome? In terms of straight economics, the answer is a clear yes."
"Politically, however, it’s hard to see this happening. If the next president is a Republican, he will be captive to the doctrine that tax cuts are the answer to all problems, and therefore won’t seek an effective response to the economy’s troubles. And even if the next president is a Democrat, any serious stimulus plan would face intense, ideologically motivated opposition in Congress. Will the next president be prepared to fight for an effective plan? Or will we end up with a compromise like the one Congressional Democrats agreed to this year, legislation that assuages conservative objections at the cost of undermining the plan’s effectiveness?
Until recently, I thought the biggest political struggle facing the next president was likely to be over health care reform. But right now it looks as if the first thing on the next administration’s plate will have to be dealing with a weak economy. And if effective action isn’t forthcoming, the next president will suffer the fate of Jimmy Carter, who began his administration with words of uplift — “Let us create together a new national spirit of unity and trust” — and ended up delivering America into the hands of the hard right."
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