The political rhetoric is heating up and the pundits are trying to predict the unpredictable (who will win the American Presidential race). I have my own prediction, as many of you have, but the usual indicators are not reliable this time. Obama, after promising that Big Government stimulus would create jobs, finds that his promise is nothing but straw, and for good reason. The unemployment is officially at 8.3%, but others say it is realistically at 15%. A sitting president has never been re-elected with unemployment above 7.2%.
Another predictor is the stock markets. They are on positive ground of late, and that bodes well for an incumbent President. How they got that way is another matter. The interest rates are being kept unreasonably low and that always favour the markets. Also, the vast bulk of government stimulus has favoured large corporations, in particular banks, and that drives their value up, hence the stock market is up. This does nothing for the economy of the average working person, who of late is becoming more and more dependent on handouts of one sort or another. And these people vote.
Then throw into the mix that a Republican says something stupid like a rape victim can be blessed by God with a pregnancy, and you have another nail in their coffin.
The coming election is a tough one to call. I will make my firm prediction as we near election day. At the present moment I am tentatively saying that Obama is out.
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