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Edited on Wed Aug-11-04 08:07 PM by Yavin4
Forget the polls. Forget the SwiftLiars smear campaign. Forget the arguing of the IWR. Forget all of that because unless there's a huge change in the basic fundamentals in the next two and a half months, Bush is toast. What fundamentals am I talking about? Take a look:
The Economy
Traditionally, the economy decides presidential elections, and right now the economy is going against Bush.
1. Energy
Americans are overly-dependent on driving, and as oil hits $45 a barrel, they will feel this pinch in their wallets. Between now and election day, Americans will be paying more and more for their gasoline. Again, to relieve this pinch, oil prices would have to drop dramatically between now and election day, and indications point to at least $50+ per barrel of oil.
2. Inflation Cost of living is getting higher. Because of higher oil prices, the cost of all goods is going to be higher. Again, all Americans will feel this pinch in their wallets. Inflation also will be rising higher in the months to come.
3. Interest Rates To fight inflation, the Fed has raised interest rates again another quarter point, and will raise it again at their next meeting. Gone are the days of re-financing and easy credit policies.
4. Taxes and the Deficit Because of the war and the rapidly growing budget deficits, there will no stimulus coming this Christmas, Virginia.
5. Jobs 32,000 jobs created in July. Need I say more? Because of the first four items on this list, employers have every incentive to cut more jobs than they do to create new ones.
6. Consumer Spending Simple math kids, add items 1 through 5 and you kill consumer spending. Items 1-5 take money out of the pockets of the consumer who represent 2/3 of our economy.
Iraq
We will pass the 1,000 casualty mark within the next two months, and that will cause Americans to think about whether it was worth it to lose 1,000 Americans over a lie. Additionally, we're on pace to lose more Americans in the two months after sovereignty was handed over than we did in the two months prior to the hand-over. There's also a strong possibility that the Iraqi government could collapse entirely within the next two months.
There are other fundamentals like soaring health care and educational costs, rising bankruptcies, growing unrest in Pakistan, etc., but I just wanted to highlight the most important ones.
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