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It is stunning to think that Americans have begun to believe that this recession and the effects that it will have on their lives could go on for years. It is more surprising that, to some extent, they have come to peace with that.
According to a poll published in The New York Times, Americans believe in Barack Obama’s ability to change the course of the economy, health care, and the war in Iraq, but they understand that it may take at least two years to see some results. In terms of the length of the recession it is a capitulation of sorts, an admission that the financial straights in which the economy finds itself has no ready solution.
