Politics
Out of context: Reply #17209
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Re-election? “It’s the economy, stupid”
http://www.washingtontimes.com/n…It’s starting to feel a lot like 1992, and President Obama’s re-election team should be worried. At this point in President George H.W. Bush’s term, the president’s approval rating stood at 46 percent. According to Gallup, Mr. Obama’s is doing worse by 1 percent.
“It’s the economy, stupid” was 1992’s winning campaign slogan, and the message will be just as effective 20 years later. Mr. Obama is stuck defending an economic record far worse than Mr. Bush‘s. The gross domestic product (GDP) grew an average of 4.3 percent over the first three quarters in 1992, while 2012’s growth is expected to be half that rate. Unemployment in October 1992 was 7.3 percent, while Mr. Obama has said that an 8 percent rate by election day is “possible.” Inconvenient truths like these are why the White House is trying to steer the debate into the vaguer arena of class warfare and away from the specifics of Mr. Obama’s unhappy record.