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.

Happy Independence Day!

Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add ‘within the limits of the law’ because law is often but the tyrant’s will, and always so when it violates the rights of the individual.
- Thomas Jefferson

“The preservation of the sacred fire of liberty and the destiny of the republican model of government are justly considered… deeply, …finally, staked on the experiment entrusted to the hands of the American people.”
- George Washington

And have some fun. But, please, please, PLEASE, use your head. And by that, I don’t mean “as-a-cool-place-to-shoot-fireworks.”

Sigh:

Ah, the costs of liberty.