President Obama is in deep trouble. President Obama’s approval rating just dipped to 44%. That isn’t a misprint. It’s Gallup’s latest polling. It’s proof that President Obama’s approval rating is in the danger zone. At this point, President Obama’s best hope for re-election is divine intervention or national amnesia.
If people remember this administration’s pathetic jobs record, it’s toast. If they remember the stranglehold the EPA put on energy production, they’re history. If people think about this administration’s multiple predictions about Recovery Summer or that the economy has turned the corner, only to have those predictions proven inaccurate, voters will turn their backs on this administration.
At this late stage in the hardening process, they won’t be returning.
What’s worse is that Mitt’s been saving his money while President Obama has been burning through his money. That means President Obama might be in a difficult position after their convention. His current cash on hand, coupled with his current burn rate and substandard fundraising, point to Obama being badly outspent the last 6-8 weeks of this campaign.
An incumbent with a 44% approval rating is trouble. An incumbent with a 44% approval rating and a cash shortage the last 6-8 weeks of the campaign is a potential disaster.