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Explaining the Mid-Term Elections in a Single Chart

Eighty percent of those who voted in the November 2, elections said that the economy and jobs were upper most in their minds.  The Democrats took a beating and the Republicans now control the majority in the House of Representatives.  The GOP claims that the electorate has given them a mandate to cut spending, shrink government and to cut taxes. Will these measures create jobs?  Hardly.

Andrew Sullivan from Calculated Risk posted a single chart showing why the economy was such a problem for Mr. Obama and the Dems in the mid-term elections, notwithstanding the fact that a Great Recession was avoided and some small improvements in the economy were realized.

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