Bloomberg says current economic conditions give Democrats a better chance of winning the White House in this fall's general election.
"Recessions shaped four presidential elections in the past
half-century -- in 1960, 1976, 1980 and 1992. Each time, the
candidate from the party trying to retake the White House won. A
model that uses economic data to predict presidential race
outcomes has the Democrats getting 52 percent of the votes cast
for the two major party candidates."
"Most Americans believe the U.S. is already in a recession,
according to a Feb. 21-25 Bloomberg/Los Angeles Times poll. Half
said the economy will still be in bad shape in six months, and
27 percent said it will be worse."