October 9, 2012
MR. BAI SHOULD HAVE STOPPED WRITING RIGHT THERE:
Is There Life After Mitt? (MATT BAI, October 9, 2012, NY Times Magazine)
Not long ago, David Winston, a leading pollster in the Republican Party, listed for me some of the empirical reasons that Mitt Romney should be winning the election. In the past 64 years, Winston said, only six presidents had run for re-election at a time when the unemployment rate was above 6 percent, and five of them lost. (The exception was Ronald Reagan, whose unemployment rate, while over 7 percent, had dropped almost three full points since his election.) Since 1948, when the government started keeping such statistics, the country experienced a total of 82 months with an unemployment rate of more than 8 percent, and 43 of those months came under President Obama -- more than the previous 11 administrations combined. George H. W. Bush's economy grew at triple the rate of Obama's during his last quarter before the election, and he never stood a chance.
Posted by Orrin Judd at October 9, 2012 8:08 PM
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