Beinart predicts another four years - on the lines of FDR and Reagan, who also inherited sucky economies but were able to turn them in the right direction (if not better than when they began) by re-election time:

Republicans won’t get very far by harping on the deficit. In 1984, you may remember, a presidential candidate told voters to ignore the nation’s nascent economic recovery and focus instead of the country’s swelling debt. His name was Walter Mondale.

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