Strategist Cook: Obama Re-election Pivots on 8-9% Unemployment

Tuesday, 08 Feb 2011 03:28 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama’s re-election pivots partly on a tipping point between 8 and 9 percent in the national unemployment rate, elections strategist Charlie Cook writes in the National Journal. Of course, inflation will play a part, too, especially with rising food costs, but the jobless rate carries more than its own weight.

Barack Obama, election, unemployment
President Barack Obama
“A decline to around 8 percent would likely bode well for Obama’s re-election chances,” Cook writes. “If it remains around 9 percent, one can argue that most any major Republican nominee has a good chance of winning.”

What’s clearer is that Obama should not expect the kind of surge in economic growth that helped President Ronald Reagan return to office in a landslide. Unemployment plunged to 7.2 percent by November 1984 from a peak of 10.8 percent just two years earlier.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Chicago's Emanuel Boosting Shelter Space for Child Illegals

Monday, 28 Jul 2014 17:27 PM

Chicago will set up additional shelters for unaccompanied immigrant children to be funded by the federal government and  . . .

US Marshals, Police Wounded, Suspect Dead in NYC Gunfight

Monday, 28 Jul 2014 16:59 PM

Two U.S. Marshals and a New York City police detective were shot and wounded on Monday and a man was killed during an at . . .

Drone Almost Blocks California Firefighting Planes

Monday, 28 Jul 2014 16:27 PM

A private drone trying to record footage of a Northern California wildfire nearly hindered efforts to attack the flames  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved