unemployment rate is. no president has been reelected with a unemployment rate above 7.2%. that s what it was when ray kban was reelected. over 7.2 unemployment, no president has ever won himself a second term. 7.2. unemployment rate right now, 9.1. whether or not that forecast is more motivating than anything else about unemployment rate being that high, what options do the obama administration have to consider for brinng the unemployment rate down? what can they do? one thing they can t do is contract government spending. the non-partisan government office and federal reserve both reported recently contracting spending would put the recovery at risk. whatever deal needs to be figured out, whatever fight in washington, anything that dramatically shrinks spending
year in particular, it is going to be a whole lot of fun. there s really no sport, art, or spect call in the united states of america that can compete with presidential politics for sheer american entertainment value. when it comes to the question, though, of who will win and whether or not president obama is going to get a second term, the determinists among us determine however fun this whole process is, the process of republican party picking a nominee is irrelevant. the determinists among us tell us they don t even need to know the name of who the republicans the name of the republicans are going to choose for the nominee to predict the election results next november. the determinists among us say the only thing you need to know to tell us who is going to win the next election is what the unemployment rate is. no president has been reelected with a unemployment rate above 7.2%. that s what it was when ray kban was reelected. over 7.2 unemployment, no president has ever won himsel