If I were Obama or Bernanke (who also loses his job if Romney wins), I would be giving SERIOUS thought to initiating another bailout before the election. Probably in August or September, so the resultant stock market jump will boost voters' spirits... but close enough to the election that the resultant price inflation will not yet have had time to LOWER those same spirits.
To justify such a bailout, there will first need to be some really bad news about economic growth.
Let's see if I'm right.
May 16, 2012
National Mood a Drag on Obama's Re-Election Prospects
U.S. satisfaction and economic ratings low compared with years incumbents won
by Lydia Saad
Gallup
PRINCETON, NJ -- Some six months before voters head to the polls to choose the next president of the United States, Gallup finds several indicators of the economic and political climate holding steady at levels that could be troublesome for President Barack Obama. According to Gallup polling in early May, Obama's approval rating is below 50%, Americans' satisfaction with the direction of the country is barely above 20%, and the economy remains a dominant concern.
More specifically, in Gallup Daily tracking for the first full week of May, Obama's job approval rating averaged 47% and the Gallup Economic Confidence Index averaged -18. Separately, in a May 3-6 Gallup poll, 24% of Americans were satisfied with the way things are going in the country and 66% mentioned one of five economic issues as the "most important problem" facing the country.
All four indicators are higher today than last summer when public confidence in the president and the economy were at low points for this administration, but they have barely recovered to where they stood prior to the lows. In general, attitudes have returned to match or slightly exceed the already-suppressed levels Gallup found early in 2011, but have shown little to no further upward momentum so far in May.
More: http://www.gallup.com/poll/154679/National-Mood-Remains-Drag-Obama-Election-Prospects.aspx
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
| 
