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Sunday, September 2, 2012

Gas Prices, the Economy or the GOP Convention

The Gallup organization does a daily tracking poll measuring the job approval rating for president Obama. Today's figures show Obama's approval down to 43%. It is not the lowest rating ever for Obama, but it is the lowest in many months. Indeed, it is such a low rating that it is an omen of doom for Obama's re-election chances. No president this far under water with regard to job approval has ever been re-elected.

One has to wonder if the drop in approval is the result of the just concluded Republican convention. Much, but not all, of the polling that is included in these results came after the conclusion of that event. My view is that the drop has more to do with the quick jump in prices at the gas pump and continuing dismal reports about the economy. Each time the gas price goes up another ten cents, more and more folks give up on Obama. If the prices keep rising after Labor Day, Obama may lose in a landslide.

If that happens, Obama will have no one to blame but himself (although I am sure he will find a way to blame George Bush). As Reverent Wright might say, "Obama's chickens are coming home to roost."


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