Barack Obama: Tied to economy, gas

(LIN) – President Barack Obama is planning his re-election bid at a time when the nation is mired in an 8.3 percent unemployment rate.

The most recent president to be re-elected with a high unemployment rate ( 7.2 percent) was President Ronald Reagan in 1984.

So will it be a second term or another job for Obama?

Democrats are sticking to the argument that measures like Obama’s American Recovery and Reinvestment Act were necessary to ease out of the faltering economy he inherited from President George W. Bush.

"The recession got worse before it got better when this president took office," said White House Press Secretary Jay Carney. "We were hemorrhaging jobs at a rate of 600,000 to 700,000 a month."

On the other hand, Republicans are blaming Obama’s policies for stunting any economic progress.

“I do not blame the president for the economic difficulties he inherited,” wrote Sen. Richard Burr, R-N.C. "But I do hold him accountable for the ineffective, expensive, job-killing policies he has forced onto the American people over the last three years."

Obama aims to campaign in the coming months on what little good economic news came in 2012. For example, January’s unemployment numbers were the lowest in three years.

"Manufacturing is coming back," Obama said at a visit to Master Lock in Wisconsin. "The economy is getting stronger."

Republican presidential candidates challenge voters to look at the entire statistics.

"One of the reasons you see the unemployment rate go down is because the labor participation rate is not going up…which means that people are not as hopeful as we’d like them to be in engaging in the workforce," said presidential candidate and former Sen. Rick Santorum, R-Pa.

The president also has to juggle how he will handle what looks to be an impending oil crisis.

Since December, the average price of gasoline has risen 30 cents and now continues to hover around $3.53 per gallon. Analysts predict gasoline may rise over $4 per gallon by May. With travel expected to increase during the summer, almost 40 percent of voters view gas prices as "extremely important."

It has already become an issue on the campaign trail.

"The high gas prices are a direct result of Obama," said presidential candidate and former House Speaker, Newt Gingrich, R-Ga. "His policy has been outrageously anti-American [toward] energy."

The president tries to paint the Republicans into the "drill, baby, drill" group.

"You can bet that since it's an election year, they're already dusting off their three-point plans for $2 gas. I'll save you the suspense: Step one is to drill, step two is to drill, and step three is to keep drilling," he said in a speech.

Obama has one thing going for him – it looks to be a long and poisonous Republican presidential campaign. While the four presidential candidates assail each other in the public eye, Obama is sitting back, watching their negative numbers rise.

So far, Obama’s favorability rating is the highest among any of the GOP candidates.

He’s also been fundraising and barely spending any campaign money. Consultants estimate that Obama’s re-election campaign war chest may exceed $1 billion.

Expect him to dip into it early if unemployment and gas prices change for the worse.

Copyright 2014 LIN TV News. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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1776
He is also tied to the deaths of 2 federal agents, 300 dead Mexican Citizens, 3000 guns shipped to the Zeta Cartel (see Operation Fast and Furious), Obstruction of Justice (see Black Panthers patrol Philly Polls), Head of Justice held in contempt of congress (Fast and Furious again), Millions given to "Shore Bank" (owned by a Chicago crony, only to go under), Millions given to Solyndra in a money laundering/kickback scheme, Trillions given to wall street, trillions given in aid and comfort to the enemy. All this, and still :crickets: from the LAMESTREAM MEDIA! That includes you, Channel 8. Back during Nixon you all couldn't wait to eviscerate him nightly on the broadcasts. Nobody died at Watergate. Who personally knew more people that have committed suicide, Adolph Hitler or the Clintons? You are darn right I have an agenda. I will not sit idly by while criminals masquerade as government.
recon_caveman
Outstanding!!,what a president,,,lol,,,attacks the "BILL of RIGHTS",tries to impose his rules on us,could have had 20 thousand people working on a pipeline from canada to the states,but refuses it,,now canada will deal with china,,,Thanks Commie Obammy,thanks for nothing,,So cbs,abc,nbc,and cnn,,how your pathetic little savior obama doing again?It is fun to watch the local media make excuses for him,,,Too funny
hunter480
This POS is on borrowed time, come November, his butt is outa MY White House.
 

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