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The Spectacle Blog
Chris Cillizza points to numbers in the latest Washington Post/ABC News poll that can’t make Team Obama too happy. In addition to the fact that 57 percent disapprove of Obama’s handling of the economy, 44 percent of respondents believe the national economy is getting worse to only 28 percent who think it has improved.
Cillizza notes that when Ronald Reagan ran for reelection, unemployment was still relatively high at 7.3 percent but had come down from more than 10 percent. But I’d go a step further: people’s perceptions of the economy, fueled by their own financial performance, are more important than the formal economic data. In 1992, Bill Clinton ran against the “worst economy in 50 years” even though the 1990-91 recession was over before he even declared his candidacy. Job growth was still lackluster and people were accepting jobs that didn’t pay as well as the ones they lost.
Anyone who pointed out that the recession was technically over as a way of defending George Bush would have been seen as hopelessly out touch. Something to think about before saying the presidential election is Obama’s if there is no double-dip recession.
View all comments (6) | Leave a comment
More Blog Posts by W. James Antle, III
http://spectator.org/blog/2011/04/19/its-the-economic-perception-st
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PattyMor| 4.19.11 @ 4:34PM
Well the thing that will sink the 'Bamster is $4.00 gasoline and the food inflation. This irks the ordinary person more than the lying, cheating, dishonest President. Or, the lack of jobs, or his illegal war, or his general lawlessness.
Rogue Elephant| 4.19.11 @ 4:55PM
BARACK HAKUNA OBAMA
Hakuna Obama?
Yeah. It's his motto!
What's a motto?
Nothing. What's a-motto with you?
Those two words will solve all your problems:
Hakuna Obama! What a wonderful phrase
Hakuna Obama! Ain't no passing craze
It means no worries for the rest of your days
It's our problem-free philosophy
Hakuna Obama!
Oldefarte| 4.19.11 @ 5:04PM
It was one thing for the STUPIDS of this country to ignorantly vote for El Chosen One's Hope/Change BS in 2008, due to the MSM's successful propangandizing/brainwashing them into voting for him; but if they turn around now and vote for him again in 2012 after getting slapped upside their heads into recognition of what/who he truly is [and was prior to 2008], then the American voting public is insanely acting STUPIDLY [and deserve each and every inch of destruction that Chosen and his crew will be able to inflict upon this country in the future four years]. It's one thing to be ignorant; but quite another to be thoroughly STUPID!!!!!
Clint| 4.19.11 @ 6:40PM
If Unemployment doesn't get into the 7 Percent Range & Obama's Poll Ratings are under 50 Percent, A Refrigerator could beat him.
Obama Is Beatable.
The Tea Party Rebellion Escalates.
Dump The Chump.
LarryK| 4.20.11 @ 9:43AM
Clint,
Put "Dump the Chump" on bumper stickers.
I like it!
burt| 4.19.11 @ 9:38PM
Hello there DC insider ?? James do you leave the NY DC beltway ever ???
Gas in heading to $ 5 a gallon , under employment is a huge issue , and you think things are just rosy for Barry !!
You really need to visit the real world !