Unemployment Chart

Why Bam’s doomed - Clear lesson of US history
by John Podhoretz - NY Post 08/19/2011
Unless something extraordinarily dramatic comes along to change the course of the US economy and the sentiments of the American people in the next six months, Barack Obama is finished.
That conclusion is inescapable from the history of US presidential politics since 1945.
Obama is now below 40 percent in job approval in the Gallup poll. Yes, as the political scientist Larry Sabato points out, almost every president since FDR has fallen to that level. But of those seven presidents, five (Harry Truman, Lyndon Johnson, Gerald Ford, Jimmy Carter and George H.W. Bush) went on either to lose the next election or to not run again.....
Growth in the first quarter of 2011 was a shocking 0.4 percent. Second quarter: 1.3 percent. Forecasters are dropping their estimates of growth for the year to 2 percent -- and that seems extraordinarily optimistic.....

No comments: