The Washington Post nailed the current economic situation and how it's being dealt with politically....basically, it's not:
Inflation and interest rates are rising, stock values have plunged, a tank of gas induces sticker shock, and for nearly a year, wages have failed to keep up with the cost of living.That sums up it pretty well. The Bush economic agenda, if there is one, is to destroy Social Security. That's it.
Yet in Washington, the political class has been consumed with the death of a brain-damaged woman in Florida, the ethics of the House majority leader, and the fate of the Senate filibuster.
The Democrats have to drape this economy around the necks of every single Republican. It's the GOP's economy. They have to pay the price for it.