Say what you want about adding to the national debt, but many experts, including the famous right of center economist Ben Stein, agree that controlled national debt isn’t dangerous so long as it doesn’t surpass the annual GDP of the nation.
Furthermore, many of these economists agree that the bailouts that contributed to a large portion of this debt worked wonders and directly correlate with the economic upturn we are seeing right now. In regards to Obama’s chances of reelection, you are correct in that the economy is the decisive factor. Have you considered Obama’s chances should the economy continue to rebound?
In addition, the lack of a real Republican contender and the possibility of a split between the Tea Party and moderate Republicans may result in a Ross Perot, Bush Sr., Clinton style election in which none of the candidates receive a majority. Obama certainly has a chance of being reelected given the fact that both Clinton and W. Bush were elected with a minority of the popular vote.
Lastly, in regards to approval ratings and elections,George W. Bush had a similar approval rating during the 2004 election and managed to secure re-election. In conclusion, we are still early in the election cycle and anything is possible at this point. Ruling out the possibility of an Obama re-election at this point is nothing short of naïve.
Brandon Gadwah
junior in political science