AnimeSuki Forum - View Single Post - US Elections 2012 Part II: The Conventions, Debates and Election results

newmarduk · 2012-10-06, 12:45

. . .I just recently discovered that the unemployment rate for last month (September 2012) was 7.8%. Although it is good news that the American jobless rate is finally down under 8%, it may be too little, too late for Barack Obama. For many decades, it has been the general rule that any president to successfully win a 2nd term must have an unemployment rate under 7%. Ronald Reagan's 1984 reelection, with a 7.2 % unemployment rate, was the only exception to the above rule.

Moreover, no U.S. president has been elected to a 2nd term when the Consumer Confidence Index has been under 95. Last month, the CCI was 70.3.

By Election Day in early November, the unemployment rate is likely to still be well above 7% and the Consumer Confidence Index well under 95. Regardless of my personal feelings about current President Obama and challenger Zmitt Romney, history suggests Romney is going to become the 45th President of the United States.

2012-10-06, 12:45	Link #1136
newmarduk Junior Member Join Date: Feb 2006	It's early October 2012. . . . . .I just recently discovered that the unemployment rate for last month (September 2012) was 7.8%. Although it is good news that the American jobless rate is finally down under 8%, it may be too little, too late for Barack Obama. For many decades, it has been the general rule that any president to successfully win a 2nd term must have an unemployment rate under 7%. Ronald Reagan's 1984 reelection, with a 7.2 % unemployment rate, was the only exception to the above rule. Moreover, no U.S. president has been elected to a 2nd term when the Consumer Confidence Index has been under 95. Last month, the CCI was 70.3. By Election Day in early November, the unemployment rate is likely to still be well above 7% and the Consumer Confidence Index well under 95. Regardless of my personal feelings about current President Obama and challenger Zmitt Romney, history suggests Romney is going to become the 45th President of the United States.