President Barack Obama has a good chance to be re-elected to the Presidency of the United States. However, he has about an equal chance to be thrown out. In tough economic times the blame always goes right to the top. When the economy was horrible in the late 70′s President Carter took the fall, and that continued under President Reagan in the early 80′s.
After the S&L crisis and dramatic tax cuts of the late 80′s, the bubble burst and left President H.W. Bush with no other option but to raise taxes…which ultimately made him out to be a “liar” and forced him out of office.
In recent Presidential election history, the only thing that’s caused a sitting elected President to be a one-termer has been a lackluster, sluggish, or down economy. No other economy besides the Great Depression has been this bad so expect President Obama to be very vulnerable in 2012.