Why Obama may be heading for electoral disaster in 2012

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On a recent visit to London I was struck by how much faith many British politicians, journalists and political advisers have in Barack Obama being re-elected in 2012. In the aftermath of the hugely successful Special Forces operation that took out Osama Bin Laden and a modest spike in the polls for the president, the conventional wisdom among political elites in Britain is overwhelmingly that Obama will win another four years in the Oval Office. Add to this a widespread perception of continuing disarray in the Republican race, as well as a State Visit to London that had the chattering classes worshipping at the feet of the US president, and you can easily see why Obama’s prospects look a lot rosier from across the Atlantic.

But back in the United States, the reality looks a lot different. Many political leaders in Britain fail to understand the degree to which the American people are deeply unhappy with their president’s poor handling of the economy. Nor have they grasped the epic scale of the defeat suffered by the president in the November mid-terms, and the emphatic rejection by a clear majority of Americans of the Big Government Obama agenda.

Just seven months ago, the United States was swept by a conservative revolution that fundamentally transformed the political landscape on Capitol Hill, and gravely weakened the ability of the president to pass legislation. This revolution is not in retreat but gaining ground, led by charismatic figures such as Paul Ryan, the Reaganite chairman of the House Budget Committee, entrusted with reining in out of control government spending. And as a Gallup poll showed, America is unquestionably a conservative country ideologically, but one that is ironically led by the most left-wing president in the nation’s history.

Ultimately, the 2012 presidential election will be decided by the state of the economy, and new data released this week makes grim reading for the White House. In fact you cannot watch a US financial news network at the moment, from Bloomberg to CNBC to Fox Business, without a great deal of pessimism about the dire condition of the world’s biggest economy. 66 percent of Americans now worry the federal government will run out of money in the face of towering public debts.

To say this has been an extremely bad week for the Obama administration on the economic front would be a serious understatement. As The Wall Street Journal reported on Wednesday, home prices in the United States have sunk to their lowest levels since 2002, falling 4.2 percent in the first quarter of 2011. At the same time, employment growth is stalling, with only 38,000 Americans added to the workforce in May, the smallest increase since September. This compares with 179,000 jobs added in April. There has also been a steep slowdown in the manufacturing sector, and a downturn in the stock market on the back of weak economic news.

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New polling today shows that Republicans have overtaken Democrats in the US population.

A Rasmussen poll released yesterday shows that 35.6 percent of Americans are now Republicans, compared to 34.0 percent who are Democrats.

That’s a higher tally for Republicans, and the widest margin between the two parties, than at any time since the GOP took control of the House in January.
A year ago, only 32.0 percent of Americans were Republicans, while 35.1 percent were Democrats.

So that’s a swing of 4.7 percentage points — from a 3.1-point Democratic advantage to a 1.6-point Republican advantage

Source

good we see the people are figuring it for their chidren’s future.

@Nan G: That means 69.6% of Americans identify with one of the two major parties. Based on the new numbers we can expect the next MSM polls to sample 44% Democrats and 25.6% Republicans and confirm that Obama’s approval rating is close to 60%. It’s all beginning to make sense now!

another vet, but they loss their credibility now,
too much tingles in their legs, the NEWS DONT PASS GO

I hope y’all are right,but we will see when we get to the polls.America needs to do something and I mean fast if it is possible.

@ilovebeeswarzone: You mean you don’t get a tingle in your leg at the mere mention of the icon of truth, Chris Matthews?

another vet, I was stuck on gmail unable to click open my mail, that’s why I’m late answering,
sorry about that, my answer is no tingle in my leg from CHRIS MATTHEWS
BYE,

To say this has been an extremely bad week for the Obama administration on the economic front would be a serious understatement.

And to Obama and his followers it will NEVER be Obama’s fault. There’s always someone or something else to blame. Just like Wiener who can NEVER admit that it was he who sent that Twitter, it’s always someone else’s fault. The list goes on and on: Clinton, Barney Frank, Maxine Waters, Alcie Hastings, Conyers, Rangel… It’s how they’re wired.