"The unusually uncertain political environment may be retarding employment. The reason is not that this is a presidential election year, but that the two political parties seem so far apart regarding policy. The Republicans in Congress will for understandable political reasons do everything they can to prevent the economy from improving before, and possibly after, the election, because they are committed to the position that Obama is responsible for the high unemployment rate," – Richard Posner.
Further thoughts on his conservative intellectual honesty here.