Just How Much Trouble is Obama in For Reelection … The Numbers Do Not Lie, Correlation Between Consumer Confidence and Reelection
Take away the rhetoric and forget the negative class warfare campaign of President Barack Obama and look at the numbers. When it comes to reelection, there appears to be a definite correlation between consumer confidence and an incumbent Presidents chance for reelection.
A daisy chain of political disaster seems to be forming for President Obama, says political analyst Dan Clifton at Strategas Research. Clifton suggests that “there seems to be a relationship between consumer confidence and whether a president gets reelected. The current levels of confidence are consistent with Carter and George H. W. Bush when they lost reelection.”
Bad news for Barack Obama, confidence among U.S. consumers declined in July to the lowest level this year as Americans grew more pessimistic about their finances.