Moliticon says: (Cont) But some economists warn that any short-term economic improvement will probably resemble the "jobless recovery" of the early 1990s, given the loss of jobs in the manufacturing, construction, retail and other sectors. Democrats were trounced in midterm elections two years after Clinton took office, partly because the economic recovery then underway had not significantly reduced unemployment. "There's a potential there that the seemingly out-of-control fiscal situation in Washington could galvanize the public," Edwards said. "The question is whether the Republicans will be smart enough to take advantage of this." |
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