Jan. 30, 2012 "This is one of those rare instances where my presence indirectly became a part of this reaction from those pictured in the photograph. Secretary of State Hillary Clinton had just accidentally dropped all of her briefing papers onto the Oval Office rug and she, the President and Vice President all reacted in a way that indicated that surely I wouldn't get a photo of that to embarrass her. (Official White House Photo by Pete Souza) This official White House photograph is being made available only for publication by news organizations and/or for personal use printing by the subject(s) of the photograph. The photograph may not be manipulated in any way and may not be used in commercial or political materials, advertisements, emails, products, promotions that in any way suggests approval or endorsement of the President, the First Family, or the White House.

The Obama Economy Calls to Clinton and Biden

Fairly or not, the President of the United States tends to get the credit and blame for the economy. If we have economic growth, the President does well. If we have an economic slowdown, the President gets blamed.

This President is probably going to do his best to blame China and the Republicans who, he will argue, should just do something. Never mind that the Republicans have given Obama virtually everything he wants.

But now comes word that Joe Biden is probably going to run for President. What had been set as a coronation for Hillary Clinton will become a dog fight for donor money and passing of blame. Clinton will now probably go after Obama’s record more directly and as the economy flounders, she will pass on the blame to Obama and Joe Biden. After all, if the economy is floundering, good luck Joe.

This makes it all the more critical that the GOP gets it right. But here’s the thing — Presidents tend to get the blame. It won’t take much for the GOP to get it right. In the meantime, the President’s Vice President will have to explain why it is not his fault while the President’s former Secretary of State tries to make the case that Biden, not Hillary, deserves the blame.

This is going to be a spectacle. The only word of caution I have is that we should never underestimate the ability of Republicans to snatch defeat from the jaws of victory.

By the way, whatever happened to the “Summer of Recovery”?