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HappySqurriel said:

The assumption you're making is that the economy will turn around before the next presidential election which may not be the case; or atleast may not be the case for the typical American on "Main Street".

Thats not an assumption I made, in fact I made arguments for both the economy recovering and not recovering.  If the economy improves (to Americans' expectations), Obama becomes a hero and invicible at the polls.  If the economy doesn't improve, Obama doesn't have a chance in 2012, especially against a candidate like Olympia Snowe.

I won't pretend to know enough to make a prediction when it is possible for the economy to turn around, nor can I effectively compare our current economic situation to those during the time of Roosevelt and Reagan.  I will say that Obama has until mid to late 2012 for the economy to improve.