Shrinking American Paychecks May Doom Obama’s Re-election Effort

Wednesday, 04 Apr 2012 11:42 AM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Americans’ take-home pay is falling, and that’s bad news for President Barack Obama as he embarks on his re-election campaign.

Real disposable income slipped 0.2 percent in January and 0.1 percent in February, Politico reports. If that trend continues, Obama would be lucky to garner 45 percent of the vote, according to a model developed by former Harvard University professor Douglas Hibbs.

Vanderbilt University political scientist Larry Bartels told Politico his model shows that Obama should win if incomes grow by more than 1 percent for the year. But that’s highly unlikely given the economy’s current weakness. The Bartels model is based on the results of elections from 1948 to 2008.

The January and February decreases in income “would suggest that the economy needs to pick up between now and November in order for him to have a good chance to win,” Bartels said.

Joe Pounder, research director at the Republican National Committee, agrees. “This election will come down to how Americans answer a basic question: are they better off than they were four years ago?” he told Politico. “And when families across this country sit at their kitchen tables at night looking at their bills and their paychecks, the answer is ‘no.’”


© 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:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Suspect in Killing of Deputies Was Twice Deported

Saturday, 25 Oct 2014 23:04 PM

Federal authorities say a man suspected of killing two deputies during a shooting rampage in Northern California was dep . . .

IRS Seizes Money From Those Accused of No Crime

Saturday, 25 Oct 2014 22:34 PM

The Internal Revenue Service has been seizing money from the bank accounts of individuals and businesses with no proof,  . . .

Teacher Tried to Stop Washington State Shooting

Saturday, 25 Oct 2014 15:56 PM

A union official says a newly hired high school teacher confronted a gunman during a deadly shooting at a Washington sta . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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