On the eve of Election 2010, most pollsters and pundits are predicting a decisive defeat for Democrats with most claiming this is a referendum of the Obama administration. But, what, exactly does this vote mean for the economy and U.S. middle class?
Reading the tea leaves, pun intended, one must wonder how the media can be so disconnected with what is really going on in America.
What are people so pissed about? Is it bi-partisanship, Obamacare, the Stimulus, taxes? Is it elected officials are not liberal, moderate, conservative, work across the aisle enough?
All of that is wrong.
As a site which has daily written about the United States economy, I can definitely say it's about jobs.
Wall Street got a bail out and bonuses, Americans got laid off and made poor. Special interests and even China got Stimulus, Americans got more jobs offshore outsourced and foreclosed upon. High frequency traders made billions, regular Americans lost their meager retirement.
Now there is pressure for Obama to shed himself of his advisers.
Among the complaints: Mr. Obama conveyed an incoherent message that didn't express what Democrats would do over the next two years if they retain power; he focused more on his own image than helping Democratic candidates; and the White House picked the wrong battle when it attacked Republicans for using "outside" money to pay for campaigns, an issue disconnected from voters' real-world anxieties.
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