"Even if they end up losing 35 to 45 seats in the House and seven to nine in the Senate, Mr. Obama and the country still need a serious plan to restore people's incomes," he said. "Without it, the president in 2012 could find himself in the same position as [President] George Herbert Walker Bush in 1992."
"Democrats face a harsh reality," said Peter Morici, business professor at the University of Maryland. "No president since Franklin Roosevelt inherited a bigger mess than Barack Obama."
But Mr. Obama fumbled in his first year by passing ineffective job-stimulus measures and reforms of health care and banking — and now he's paying the price, he said.
"Ordinary citizens beyond the confines of Lower Manhattan don't sense an economic recovery," Mr. Morici said. "And Democrats seeking re-election to Congress are likely to get a shellacking for facilitating his agenda."
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