The big question has been: What effect do the elections have on the economy? Should the politicians have more say over the Federal Reserve? First, it depends on who you are listening to…most people’s peers tend not to have a non-emotional, non-partisan view of any election process – one of the reasons that you are not supposed to talk politics at any company social event, my history tells me. And changing your elected officials does not necessarily change your economics.
The economy was the Democrat’s worst enemy in this year’s midterm elections, as it is to most administrations historically. Could this administration face the same fate in 2012? Political analysts point out the direction of the economy is what colors an incumbent’s re-election chances most. And even though sluggish growth is widely expected to continue next year, economists are generally forecasting better growth, and improvements in the job market in 2012. Could that save the current administration? Time will tell.