Thursday, 19. July 2012 17:21
The below AEI graph illustrates the troubled economic waters that President Obama’s reelection efforts are lost in.
As is apparent from the graph, consumer confidence is strongly correlated with an incumbent president winning reelection. Note that the two incumbent losses came when consumer confidence was below 75, while re-elections were all above 85. Obama is likely to be well below 70 when it comes to November. This portends doom for his reelection efforts.