President Barack Obama’s re-election chances are imperiled by the combination of rising food and gas prices, Democratic political analyst Doug Schoen tells Newsmax.TV.
Regarding another volatile issue, Schoen said the public opinion battle over collective-bargaining rights in Wisconsin is in a stalemate but could break for Republicans.
“The combination of rising food and gas prices could pose grave peril to President Obama’s re-election,” Schoen said in an exclusive Newsmax.TV interview. “Not only would it be inflationary, it literally hits people where they live. And we saw with Jimmy Carter in the late ’70s the impact of stagflation. If we had a period of stagnant economic growth, inflation and potentially increasing interest rates it could be particularly perilous for our president.”