Political Headlines: Economy Shadows Obama 2012 Re-Election Hopes

ELECTIONS — PRESIDENTIAL CAMPAIGN 2012….

President Barack Obama speaks during Memorial Day ceremonies at Arlington Cemetery in Arlington, Virginia, May 30, 2011. REUTERS/Jonathan Ernst

President Barack Obama speaks during Memorial Day ceremonies at Arlington Cemetery in Arlington, Virginia, May 30, 2011. Credit: Reuters/Jonathan Ernst

 

  • Analysis: Economy shadows Obama 2012 re-election hopes: Disappointing news on the economy — the issue most important to American voters — has cast a cloud over President Barack Obama’s hopes of re-election next year.
    Polls show the president favored to win the election, with his approval ratings buoyed by foreign policy successes, most notably the killing of Osama bin Laden.
    Obama has also benefited from the Republicans’ failure so far to assemble a field of strong presidential candidates, which has given him a head start on building his campaign apparatus and raising millions of dollars to pay for it.
    But the economy remains the major downside for Obama’s 2012 prospects, with U.S. economic growth at a tepid 1.8 percent annual rate in the first three months of 2011.
    Economists do not foresee a sharp decline in the country’s financial fortunes before the November 2012 election, but a double-dip in home prices, the impact of high gasoline prices on consumers and a slowdown in regional manufacturing are raising concerns the current soft patch could become protracted….. – Reuters, 6-1-11
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  1. Political Shorts: Economy Shadows Obama 2012 Re-Election Hopes … -Political Fund USA

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