In the final stretch, Obama is channeling Reagan. And while he cannot do what Reagan did – engage in a massive Keynesian stimulus after a Fed-induced recession – he can and should point to the gathering strength of the US economy. It makes him the optimist, Romney the pessimist. Sargent notes the passion and, more importantly, the strategy:
Rising numbers of people are telling pollsters that they think we’re on track to recovery, and the economic confidence numbers are also on the upswing. Which may explain why Obama thinks it’s now safe to carry the above message, after a period of hesitancy borne of worry that trumpeting the recovery risked alienating swing voters who aren’t feeling it yet. Republicans are going to do everything possible to ensure that Obama owns the economy. He may as well try to own it on his own terms.