July 9, 2009

WELL, HE HAS TRIED CASTING HIMSELF AS ANOTHER REAGAN:

Economy could make Obama, Democrats vulnerable in 2010 (Christine Romans, 7/08/09,
CNN's American Morning)

They are two presidents from different parties but have striking similarities.
President Obama maintains that investing in key areas such as health care will help stabilize the economy.

Former President Ronald Reagan and current President Obama are incredibly popular, and both faced rising unemployment early on.

Reagan's experience could be instructive for Democrats today; the GOP lost 26 seats in the 1982 elections. Reagan's popularity could not trump double-digit unemployment.

"If we look back at 1982, as soon as the unemployment rate hit 10 percent, there was a political dynamic that changed significantly ... and it became much harder for the incumbent party to be able to make their case," said Daniel Clifton, head of policy research at Strategas, an investment strategy and policy research firm.

Posted by Orrin Judd at July 9, 2009 6:44 AM
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