Politics, like economics, is rooted in psychology. That is a truism which no one can overcome with something as unpsycholgical as facts. When people are angry, confused, hopeless, and afraid, they fall back upon emotions to trump the facts, and then new realities are born. I think that's the biggest threat to President Obama now, as it has been since the passage of the health care bill. The facts are on his side. The 2009 stimulus did some good and was largely paid back. Detroit was brought back from the brink of disaster. Banks were stabilized. The markets rebounded. But psychologically, he has turned into a Rorschach test for disgruntlement and despair across the country.
Comments