It May Not Be the Economy, Stupid, in the End

• By Stuart Rothenberg
• Roll Call Contributing Writer
• Jan. 6, 2009, Midnight

The 2008 presidential race ultimately turned not on the war in Iraq (as many of us thought it would 18 months ago) but on the dramatic crisis in the nation’s financial industry. So it isn’t surprising that the health of the nation’s economy — an economy plagued by rising unemployment, the specter of large corporate bankruptcies and the threat of deflation — has become the top priority of the incoming Obama administration.