Today I spotted a posting by James Pethokoukis on the American Enterprise Institute's blog, “AEIdeas.” It points out that there is a pretty good correlation between consumer confidence and whether a president gets reelected. And the consumer confidence index for President Barack Obama is down there in the range of where President George H. W. Bush was scoring back in 1992. (It is not as bad as Jimmy Carter's 1980 figure, but that's only a small comfort to Obama's people, I'm sure.)
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