The Story of the Economy

Just to make sure that everyone is still clear about this, here's the current trajectory of politics and the American economy stripped down to its bare essentials:

2001-2008: Republicans run economy into ditch.

2008: Obama elected.

2009-2011: Republicans respond by doing everything possible to prevent him from fixing things.

2012: Republicans use lousy economy as campaign cudgel against Obama.

2012: Republican candidate wins presidency (maybe).

Sure, sure, Obama deserves some blame for not being aggressive enough etc. etc. I get it. But that's a nit within the big picture. The basic story is the one above. It's still kind of hard to believe.