Annie Lowrey, in an article in the New York Times entitled “Economy Still Weak, But More Feel Secure,” points out that despite rather lackluster economic reports, Americans are gaining confidence in the economy. Consumer confidence is at its highest level since February.
Perhaps consumers sense that President Obama is on their side. Perhaps they realize that a Romney administration would not be their friend. Perhaps they realize that, even though the economy is not robust, it is a heck of lot better than it was during the last few months of the Bush Administration, when we were headed for a total meltdown.
Ms. Lowrey quotes Professor Lynn Vavreck, a political scientist at UCLA. Dr. Vavreck said that the fact that the economy was growing was a plus for Obama. According to Dr. Vavreck, “Incumbents in growing economies, even slow ones, are hard to beat.”
Look what happens when you have legislative and fiscal polices which favor the middle class! Things will turn around. There is a reason why Democratic Presidents have a better job creation record.
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