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Massachusetts Liberal

Observations on politics, the media and life in Massachusetts and beyond from the left side of the road.

Sunday, September 09, 2012

Buried lead

GOP partisans will scoff at today's Boston Globe's examination of the pace of the economic recovery, but they ought to think twice.

Republican hackles are sure to be raised by the following analysis:
“The thing I take the most exception to is the argument that government screwed up here — government saved our bacon. It was very costly, but the cost would have been measurably different and greater had the government not interceded.”
Then consider the source of that quote: Mark Zandi, chief economist at Moody’s Analytics, a forecasting firm in West Chester, Pa., and an economic adviser to John McCain's 2008 presidential campaign. You know the one where the Republican candidate, not the Democrat, said "If we keep talking about the economy, we're going to lose."

Megan Woolhouse offers the type of analytic reporting that has been largely missing from political coverage this year -- and most others too. She consults the academics who say the pace of recovery is on par with historical standards. And she talks to the analysts who spell out where Barack Obama could have done more.

Republicans are trying to take a page from the 1992 Clinton campaign by declaring, "it's the economy, stupid." But while James Carville's description was intended for internal staff who wanted to change the subject, the 2012 Romney version assumes the voter is "stupid" and won't recall who got us into this mess and have stood in the way of what might have been a more full-throated recovery.

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