The Most Depressing Campaign Ever

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Aug. 10 (Bloomberg) -- I cannot remember a presidentialcampaign quite so dreary as the one through which we arecurrently suffering.

Carl Sandburg is supposed to have remarked that everycandidate should carry an extra hat -- to pull rabbits out ofonce elected. This year nobody is promising us rabbits. Nobodyis promising much of anything, other than to avoid theoverweening awfulness of the other guy. Only 14 percent ofAmericans expect their children’s lives to be better than theirown, according to Rasmussen Reports, the lowest figure everrecorded. We are truly in the midst of a great depression --psychological, not economic -- and our politics are onlydragging us down.