It is becoming more and more clear what the outcome of this election will be. It may be close, but Obama will lose because of a few cold hard truths. Below is the equation that spells out Obama's defeat.
-8.2% Unemployment
Unemployment has been at it's highest levels since the Great Depression under President Obama. No incumbent president has won re-election with an unemployment rate above 7.2% since FDR.
-1.5% Economic growth in the second quarter of 2012
The economy remains stagnant across the board. During the campaign in 1992, the same alarming numbers came out under then George HW Bush's term. Candidate Bill Clinton harnessed the 1.4% second quarter growth rate and used it as evidence of Bush's lack of leadership. The rest is history.
-15.8 Trillion dollar deficit
President Obama has added 5.25 trillion dollars to the deficit in just 3 short years. He has piled on more debt than all previous presidents from George Washington to George W. Bush combined.
-55% of Americans favor repeal of Obamacare
The majority of Americans have consistently opposed Obamacare from the start and the recent Supreme Court ruling on the health care law has only inflamed the issue. Opposition to the law remained well above 50% since April, with around 40% opposing repeal.
-45% Approval rating
If history tells us anything it is that incumbents with approval ratings above 50% usually win and those with less than that lose. Obama's approval ratings this year have consistently been at 45% and below. By comparison, George W. Bush's approval ratings during the 2004 election cycle leading up to the election were consistently hovering at or near 50%.
-64.3% Labor force participation
This is the lowest percentage since 1981 under Jimmy Carter. 88.5 million working age Americans do not participate in the labor force under Obama.
-2/3 of Americans feel nation is on the wrong track
The economy is still sputtering and the jobs still haven't come, despite the stimulus. Americans are feeling overwhelmingly pessimistic about the nation's future. That pessimism peaked at a staggering 80% during August of 2011, and remains steady at 60-66% through 2012.
What can we learn from all of this?
That 8.2% + 1.5% + 15.8T + 55% + 45% + 64.3% + 2/3 = President Mitt Romney.
Even the most stouthearted of liberals must accept these facts. There is nothing, barring a manufactured nationwide "event", that can reverse these trends.
-8.2% Unemployment
Unemployment has been at it's highest levels since the Great Depression under President Obama. No incumbent president has won re-election with an unemployment rate above 7.2% since FDR.
-1.5% Economic growth in the second quarter of 2012
The economy remains stagnant across the board. During the campaign in 1992, the same alarming numbers came out under then George HW Bush's term. Candidate Bill Clinton harnessed the 1.4% second quarter growth rate and used it as evidence of Bush's lack of leadership. The rest is history.
-15.8 Trillion dollar deficit
President Obama has added 5.25 trillion dollars to the deficit in just 3 short years. He has piled on more debt than all previous presidents from George Washington to George W. Bush combined.
-55% of Americans favor repeal of Obamacare
The majority of Americans have consistently opposed Obamacare from the start and the recent Supreme Court ruling on the health care law has only inflamed the issue. Opposition to the law remained well above 50% since April, with around 40% opposing repeal.
-45% Approval rating
If history tells us anything it is that incumbents with approval ratings above 50% usually win and those with less than that lose. Obama's approval ratings this year have consistently been at 45% and below. By comparison, George W. Bush's approval ratings during the 2004 election cycle leading up to the election were consistently hovering at or near 50%.
-64.3% Labor force participation
This is the lowest percentage since 1981 under Jimmy Carter. 88.5 million working age Americans do not participate in the labor force under Obama.
-2/3 of Americans feel nation is on the wrong track
The economy is still sputtering and the jobs still haven't come, despite the stimulus. Americans are feeling overwhelmingly pessimistic about the nation's future. That pessimism peaked at a staggering 80% during August of 2011, and remains steady at 60-66% through 2012.
What can we learn from all of this?
That 8.2% + 1.5% + 15.8T + 55% + 45% + 64.3% + 2/3 = President Mitt Romney.
Even the most stouthearted of liberals must accept these facts. There is nothing, barring a manufactured nationwide "event", that can reverse these trends.
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