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Title:

Can Democrats Anchor Unemployment Without Doing More Damage to the Deficit?

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With the unemployment rate soaring alongside the U.S. budget deficit, the Obama Administration and congressional Democrats are struggling to solve the nation’s problems before next year’s midterm election. But they may be struggling in vain. Since 1945, the party that has controlled the White House has lost an average of 16 House seats in the president’s first midterm election, according to the Cook Political Report, a nonpartisan publication in Washington. However, losses for the Democrats could be far steeper next year if they fail to put unemployed Americans back to work. Then-U.S. President Bill Clinton and the Democrats lost 52 House seats in 1994. “Unemployment is the leading economic indicator when it comes to politics,” Democratic pollster Peter Hart told The Wall ...

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