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Why Obama May Be a One Termer
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<blockquote data-quote="av8torntn" data-source="post: 430727" data-attributes="member: 8259"><p>I hate to ask because I think I may know the answer but did you even read the blog? It is not really about your leader Obama but more about the way people tend to view the economy and by default cast their votes. So you ask why even speculate? History tends to be a great predictor of the future and no I did not write that but I cannot remember who to attribute that quote. I would bet if you asked 20 people about the economy right now you would get pretty close the same answer from everyone. There is a good lesson in this for you especially since you are an admitted hard core dim. To me the consumer confidence index is one of the worst predictors of the actual economy but that is one of the main things you hear about in the media. Think about it. This article is not really bashing your beloved leader but more bashing you as a voter. </p><p> </p><p>"It's the battered economy, after all, that will be President Obama's <a href="http://www.usnews.com/blogs/capital-commerce/2008/10/30/why-democrats-will-target-the-investor-class-in-2009.html" target="_blank"><span style="color: #005497">greatest domestic policy challenge</span></a>. As such, it will also be his greatest political challenge, too -- but one where failure may already be baked into the cake."</p><p> </p><p>"Recall that in January of 1992, President Bush, running for reelection, told New Hampshire voters that the economy was in "free fall" even though the economy was later shown to have grown at a robust 4.2 percent during the first quarter of that year. "</p><p> </p><p>"See, it takes a while for people to really perceive that an economy has turned around, especially if unemployment is high. <a href="http://www.usnews.com/blogs/capital-commerce/2008/10/14/why-obamanomics-isnt-clintonomics.html?s_cid=rss:capital-commerce:why-obamanomics-isnt-clintonomics" target="_blank"><span style="color: #005497">Bill Clinton won the 1992 election on the economy</span></a> ("it's the economy, stupid") even though GDP had been growing for six full quarters. According to Gallup, 88 percent of Americans thought the economy was "fair" or "poor" in October 1992 with some 60 percent saying the economy was "getting worse." Two years later, it was the Democrats turn to feel the brunt of widespread economic anxiety as the Republicans captured both the House and the Senate."</p></blockquote><p></p>
[QUOTE="av8torntn, post: 430727, member: 8259"] I hate to ask because I think I may know the answer but did you even read the blog? It is not really about your leader Obama but more about the way people tend to view the economy and by default cast their votes. So you ask why even speculate? History tends to be a great predictor of the future and no I did not write that but I cannot remember who to attribute that quote. I would bet if you asked 20 people about the economy right now you would get pretty close the same answer from everyone. There is a good lesson in this for you especially since you are an admitted hard core dim. To me the consumer confidence index is one of the worst predictors of the actual economy but that is one of the main things you hear about in the media. Think about it. This article is not really bashing your beloved leader but more bashing you as a voter. "It's the battered economy, after all, that will be President Obama's [URL="http://www.usnews.com/blogs/capital-commerce/2008/10/30/why-democrats-will-target-the-investor-class-in-2009.html"][COLOR=#005497]greatest domestic policy challenge[/COLOR][/URL]. As such, it will also be his greatest political challenge, too -- but one where failure may already be baked into the cake." "Recall that in January of 1992, President Bush, running for reelection, told New Hampshire voters that the economy was in "free fall" even though the economy was later shown to have grown at a robust 4.2 percent during the first quarter of that year. " "See, it takes a while for people to really perceive that an economy has turned around, especially if unemployment is high. [URL="http://www.usnews.com/blogs/capital-commerce/2008/10/14/why-obamanomics-isnt-clintonomics.html?s_cid=rss:capital-commerce:why-obamanomics-isnt-clintonomics"][COLOR=#005497]Bill Clinton won the 1992 election on the economy[/COLOR][/URL] ("it's the economy, stupid") even though GDP had been growing for six full quarters. According to Gallup, 88 percent of Americans thought the economy was "fair" or "poor" in October 1992 with some 60 percent saying the economy was "getting worse." Two years later, it was the Democrats turn to feel the brunt of widespread economic anxiety as the Republicans captured both the House and the Senate." [/QUOTE]
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