Yesterday morning I exchanged emails with a friend of mine -
She said:
I don't know economics but of this I am certain: (and mark my words in 2012)
Obama will be re-elected because the economy will suddenly start improving. They will pull a rabbit out of a hat. "The people had Hope and we delivered."
I emailed back to her:
Well, I think you are wrong. There is no rabbit. And Obama does not know how to turn things around.
So we will see.
Ahhh, it appears that Karl Rove agrees with me. And love him or hate him, Rove is a canny guy when it comes to these things.
Why Obama Is Likely to Lose in 2012
President Barack Obama is likely to be defeated in 2012. The reason is that he faces four serious threats. The economy is very weak and unlikely to experience a robust recovery by Election Day. Key voter groups have soured on him. He's defending unpopular policies. And he's made bad strategic decisions.
Let's start with the economy. Unemployment is at 9.1%, with almost 14 million Americans out of work. Nearly half the jobless have been without work for more than six months. Mr. Obama promised much better, declaring that his February 2009 stimulus would cause unemployment to peak at 8% by the end of summer 2009 and drop to roughly 6.8% today.
After boasting in June 2010 that "Our economy . . . is now growing at a good clip," he laughingly admitted last week, "Shovel-ready was not as shovel-ready as we expected." The humor will be lost on most.
And he goes on from there. Very good article (and like most WSJ op eds, not too long). Hit the link for the whole thing.
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