Quote:
Originally Posted by classicman
This is totally O's to lose, and I just can't see that happening.
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Only one president has been reelected when unemployment was this massive. Reagan. Many forget the economic mess when Reagan was reelected.
Most people vote based upon their feelings - ie how wealthy they feel. Therefore, as Clinton said, "its the economy stupid".
Most people, for example, forget a more than five plus years of pain necessary to fix it. Carter had interest rates rise massively to around 20% in the 1970s. Only then did jobs return in the mid-1980s. Most voter perspective is less than one year.
Reagan also kept saying how good things were even when they were not. That message is probably why Reagan is the only president relected when unemployment was massive.