The Obama campaign is already struggle with the fact that 44 percent of voters feel they are worse of then when Obama took office. If unemployment is officially higher in the months leading up to the general election than it was the day Obama first took office, that fact could be turned into devastatingly powerful political talking point for the Republican candidate hammer non stop.
|By: Jon Walker Wednesday June 22, 2011 2:30 pm|
|By: Jon Walker Thursday March 24, 2011 7:07 pm|
The success of an incumbent President has always been very dependent on the state of the economy, and the 2012 election is likely to be no different. This is why President Obama should be very worried that Florida, the largest of the traditional swing states, has the highest number of vacant homes in the country with 18 percent sitting empty.
|By: Jon Walker Friday March 4, 2011 8:55 am|
With incumbent election performance highly correlated with economic growth, and jobs being by far the most important issue for voters, the faster the unemployment rate drops, the tougher it will be for any Republican nominee to defeat Obama in 2012.
|By: Jon Walker Monday February 28, 2011 2:40 pm|
President Obama’s re-election is going to hinge on the top issue with voters, and that is jobs and the economy. Seven hundred thousand jobs can easily be the difference between Obama winning a close election thanks to a steadily recovering economy with official unemployment dropping to 7.9 percent by November 2012, and Obama losing because the economy seems to have effectively stalled with unemployment at 8.4 percent.
|By: Jon Walker Friday February 25, 2011 2:50 pm|
If Obama assumed the economy was growing steadily, he might have thought it could easily handle some immediate cuts that are basically just PR stunts to show how “serious” Obama is about the deficit. Given that the economy isn’t as strong, this, as well as previously sought immediate cuts, are going to be more damaging.
|By: Jon Walker Saturday January 29, 2011 7:00 pm|
When fully in control of Washington, the Republican Party has traditionally shown no concern for budget deficits. They had no problem passing both unpaid-for tax cuts or huge entitlement expansion on nearly party line votes. As Republican Vice President Dick Cheney famously said, “Deficits don’t matter” –at least as long as Republicans are in the White House.
|By: Jon Walker Monday December 20, 2010 6:30 pm|
Either Sen. Mitch McConnell is a dramatically better negotiator than President Obama or Obama lied about not wanting to extend the tax cuts for the wealthy. McConnell’s superior skills of negotiation appear even more impressive given that he only controls a small minority in the Senate.
|By: Jon Walker Friday December 3, 2010 9:35 am|
While November of 2012 is still a long time off, at this point, the trajectory of the economy–and Obama’s re-election prospects–look more and more dismal.
|By: Jon Walker Friday August 6, 2010 8:45 am|
That latest job numbers are bad news for the country, and, as a result, bad news for the incumbent political party, which will inevitably feel the brunt of voter anger over the economy.