The real importance of the graph will be how seen in how fast the unemployment spike drops back down. Current predictions are in the 8.75% range by the end of 2012.Look at 1975 and 1983 and the rapid post-recessionary declines. That's not going to happen here and another year above 9% will not allow Obama to stay at 48% approval.
I was going to write an article with this chart today but got sidetracked. I'll post it tomorrow. You're right about the possible drop, but it won't happen, watch and see. 11% mid 2012 - corporate America wants Obama gone - they will extract such pain on this country with future layoffs to maintain their profit margins in a declining top line dilemma.
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