
Paul Krugman, The New York Times, January 7, 2008
The unemployment report on Friday was brutally bad. Unemployment rose in December, while job creation was minimal — and its highly likely, for technical reasons, that the job number will be revised down, showing an actual decline in employment.
It’s the latest piece of bad news about an economy in which the employment situation has actually been deteriorating for the past year. It’s no longer possible to hope that the effects of the housing slump will remain “contained,” as one of 2007′s buzzwords had it. The levees have been breached, and the repercussions of the housing crisis are spreading across the economy as a whole.
It’s not certain, even now, that we’ll have a formal recession, although given the news on Friday you have to say that the odds are that we will. But what is clear is that 2008 will be a troubled year for the U.S. economy — and that as a result, the overall economic record of the Bush years will have been dreary at best: two and a half years of slumping employment, three and a half years of good but not great growth, and two more years of renewed economic distress.
The November election will take place against that background of economic distress, which ought to be good news for candidates running on a platform of change.
But the opponents of change, those who want to keep the Bush legacy intact, are not without resources. In fact, they’ve already made their standard pivot when things turn bad — the pivot from hype to fear. And in case you haven’t noticed, they’re very, very good at the fear thing.




Maureen Dowd: Can Hillary Cry Her Way Back to the White House?
Maureen Dowd, New York Times, January 9, 2008
When I walked into the office Monday, people were clustering around a computer to watch what they thought they would never see: Hillary Clinton with the unmistakable look of tears in her eyes.
A woman gazing at the screen was grimacing, saying it was bad. Three guys watched it over and over, drawn to the “humanized” Hillary. One reporter who covers security issues cringed. “We are at war,” he said. “Is this how she’ll talk to Kim Jong-il?”
Another reporter joked: “That crying really seemed genuine. I’ll bet she spent hours thinking about it beforehand.” He added dryly: “Crying doesn’t usually work in campaigns. Only in relationships.”
Bill Clinton was known for biting his lip, but here was Hillary doing the Muskie. Certainly it was impressive that she could choke up and stay on message.
She won her Senate seat after being embarrassed by a man. She pulled out New Hampshire and saved her presidential campaign after being embarrassed by another man. She was seen as so controlling when she ran for the Senate that she had to be seen as losing control, as she did during the Monica scandal, before she seemed soft enough to attract many New York voters.
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