IT'S THE BILLION $ QUESTION JOHN TAMNY ANSWERS this week in Forbes.
The short answer is no matter how much the MSM adores President Obama and portrays the economy as improving, people aren't fooled by the hype as our money buys less and less at the gas pump, the grocery store and the bank.
What can defeat the incumbency of Obama is the continual slide of the value of the dollar. Which is to say the slide of our buying power.
Nobody chronicles the fall of the dollar and its effects on presidential politics better than Tamny. It's why Jimmy Carter was a one-term president in spite of an adoring liberal hype. The public wasn't fooled because we felt the low-dollar policies in our shrinking wallets. However, Tamny qualifies his bets by saying the GOP better have a clue of how the falling dollar affects commodity prices across the board, or they don't deserve to be elected either.
It's all about the dollar, all the time. If you'll pardon my French, We need to get it up and keep it up.
Meanwhile, Gallup slumps.
Tuesday, June 21, 2011
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