President Obama was talking about 2010, but sounds like what happened in 2008 to me.
"Part of the reason that our politics seems so tough right now and facts and science and argument does not seem to be winning the day all the time is because we're hardwired not to always think clearly when we're scared."
Wasn't the fall of 2008 scarier than today? The stock market collapse first hitting should be scarier than the people's emotions two years later.
People were scared in 2008 and voted Obama.
People are scared of Obama in 2010 and will vote against anybody with any connection to the White House.