Friday, December 23, 2011

Monday Matters #11

http://www.chicagotribune.com/news/columnists/ct-oped-1009-chapman-20111009,0,7366395.column

Chicago Tribune's Steve Chapman once again discusses the Obama reelection issue, this time comparing it to Regan's presidency and the recession that had been going on during its first term. According to him, if one looks back, Obama still has a chance at getting reelected as long as the economy bounces back at least a noticeable bit. Towards the end of Regan's presidency, it did just that and he ended up winning 49 out of 50 states. The only problem is that not only is the economy in worse shape right now, but it also looks like it won't rebound back as well as Regan's did. Economists now are predicting barely any growth at all, and with only a year left to make any change (and that change, according to Chapman, being either out of reach or nonexistent) and no way to characterize the recession as something that was necessary--since inflation is still going up--Obama's chances aren't looking too great. The only thing that might save him is the fact that the Republicans look even less credible than he does, but that still won't make it an easy victory for Obama in any sense.

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