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kane · 07-29-2011, 06:59 PM

I doubt we will default. Nobody knows for sure what would happen and it could be the devestating to one party or the other. If we default both parties will point the finger and it will come down to who passes the blame the best.

However even with a last minute deal it doesn't assure Obama a second term. We are 16 months from the election. That is a long time. Just a few weeks ago after Bin Laden was killed is approval rating jumped to about 55%, now it is back where it was. to me there are two factors that will determine if he is re-elected. First, how the economy in general is doing and second who the republicans nominate. If the republicans nominate some extremist like Palin or Bachman Obama will likely win easy no matter what the economy is like because the liberals will turn out to vote and the independents don't like either of them. If it is someone like Romney who could make a decent case for how to improve the economy he could have a chance. If the economy is doing better and unemployment is down to 8% or less and things are getting better with each month Obama will be very hard to beat.

07-29-2011, 06:59 PM
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	I doubt we will default. Nobody knows for sure what would happen and it could be the devestating to one party or the other. If we default both parties will point the finger and it will come down to who passes the blame the best. However even with a last minute deal it doesn't assure Obama a second term. We are 16 months from the election. That is a long time. Just a few weeks ago after Bin Laden was killed is approval rating jumped to about 55%, now it is back where it was. to me there are two factors that will determine if he is re-elected. First, how the economy in general is doing and second who the republicans nominate. If the republicans nominate some extremist like Palin or Bachman Obama will likely win easy no matter what the economy is like because the liberals will turn out to vote and the independents don't like either of them. If it is someone like Romney who could make a decent case for how to improve the economy he could have a chance. If the economy is doing better and unemployment is down to 8% or less and things are getting better with each month Obama will be very hard to beat.