As we noted yesterday and earlier today, President Obama’s attempt to make the election a referendum on George W. Bush is a rather slender reed to use as the foundation for his re-election campaign. As expected, the president’s speech in Ohio today on the economy pushed the idea that the choice this year was between his policies and those of the preceding decade, for which he blamed all of the nation’s problems. Obama’s call for a “reset” may have satisfied panicked liberals who want him to be nastier about his opponents. In a nearly hour-long rant, the president sought to refute criticisms of his administration as being too dependent on government intervention to save the economy, but at the same time claimed the way forward was to spend a lot more on public sector jobs. Predictably, he also threw in a red herring about Mitt Romney ending Medicare without reference to any ideas of his own about reforming the entitlement spending that is dragging the country into insolvency.
But the attacks on Romney and his personal wealth and branding Republicans in Congress as heartless wretches who want to throw grandma under the bus is still secondary to persuading the nation that even though he has been president for three and a half years, he should be held blameless for a bad economy. Gaining re-election by avoiding discussion of his failures and focusing solely on those of his predecessor is a difficult task, but it is not impossible. Franklin D. Roosevelt did exactly that in 1936 when, despite the fact that his policies hadn’t been enough to pull the country out of the Great Depression, the overwhelming majority of Americans were still prepared to blame Herbert Hoover for their woes. But this notable precedent shouldn’t provide much reassurance for Democrats who worry about the prospects of a president who thinks a troubled private sector is doing “just fine” and (as he showed again today) has no new ideas to present about the economy.