Saturday, November 1, 2008

What's Good for the Democrats

Nancy Pelosi and Harry Reid made a lot of promises in 2006 to get a majority of Democrats elected in both houses of Congress. How have they done with those?

The behavior of the economy is notable. Most of the economic damage during the Bush Administration has been in the last two years, since the Democrats took over Congress. Here's what some of that damage looks like.
To be fair, some of the damage coming up now wasn't produced by actions of the Pelosi-Reid Congress. Some of it was produced by the actions of Democrats in previous Congresses, like the actions in the Carter and Clinton Administrations that got Fannie Mae and Freddie Mac making the bad loans that have now come home to roost and brought about the current economic crisis.

That's not saying the Republicans are blameless. They certainly didn't get the job done when they had control of Congress, either, though some of that was due to Democrat obstructionism. And it can be argued that many elements of the economic cycles may be out of the control of Congresses and Presidents. Even so, it's worth keeping in mind while listening to the evening news that

        What's bad for the country is good for the Democrats

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