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August 8th, 2011
06:00 PM ET

Is the economy killing Pres. Obama's chances of a 2nd term?

President Obama's chances of winning a second term may have been downgraded... right along with this country's credit rating.

Consider the recent rough economic news facing the United States:

  • An unemployment rate that remains stubbornly above 9 percent
  • A tumbling stock market... down more than 630 points today after a 513 point drop last Thursday

That historic downgrade in our credit rating - the first time ever in U.S. history and it happened on President Obama's watch.

There's also a possibility of a further downgrade if we don't straighten out our debt situation. And that's doubtful after watching the charades in Washington that passed for negotiations on the debt ceiling.

  • Economic growth under 2 percent... with many worried we're headed for a double-dip recession
  • Home values worth one-third less than they were five years ago.
  • Only 58% of working age Americans in the labor force... that's the lowest in nearly 30 years.
  • Consumer confidence at two year-lows... and polls showing majorities disapprove of president obama's handling of the economy.

All this is not lost on Republican candidates for 2012... they have already linked President Obama to the S&P credit downgrade and the weak economy and you can believe they will ramp up the criticism as the election gets closer.

Perhaps the only factor working in Mr. Obama's favor is he's got time... the election is still more than a year away.

Suffice it to say if the election was held today he would be back organizing communities.

If the president is going to turn this ship around, he better start soon. Americans who are out of work and seeing their life savings evaporate in the stock market probably don't have much patience left.

Here’s my question to you: Is the economy killing President Obama's chances of a second term?

Interested to know which ones made it on air?

J.R. in Washington:
While I wouldn't rush to the polls to vote for Pres. Obama again at the moment, I am not exactly enthusiastic about the Republican candidates either. Which of the geniuses on the right would you like to see in office? Mitt “Hey Guys, I am unemployed too” Romney? How about Sarah “I can see Russia from my house” Palin? Oooh, I know lets go for Rick “Pray for a Solution” Perry! Sorry, Jack, unfortunately the Republican candidates basically ensure President Obama’s re-election at the moment.

Jason on Facebook:
Yes. He has been in office for more than two years now and is primarily responsible for not preparing, leading, and coming up with a solution to the problem. He is the CEO of this country and is ultimately responsible for whatever happens. Time for the board (the citizens) to make a change.

Dennis in North Carolina:
I think Obama will win a second term. Hopefully he will have a Congress who will work with him and not the Tea Party crazy people.

Dan:
If it is – I, for one, don't care. He was the first president to get a health plan passed. He was also in power as the first downgrade hit the U.S credit ratings. If we go into another recession, what are people going to remember the most?

Nick:
Listen to the president's comments today: I have a plan and I will tell you in two weeks. Oh, but the way I have two fundraisers tonight. The president with the thinnest resume in our country’s history. That's what you get.

Roy:
You got it backwards. It's not "Is the economy killing President Obama's chances?" It's "Is President Obama killing the economy?"


Filed under: 2012 Election • Economy • President Barack Obama
soundoff (257 Responses)
  1. Larry Feierstein-Denver

    IF (and it appears to be) the economy is doomed, what difference does it make who is in office. ITs everyones responsiblity. BUT, why cant we stop the blame game and just correct things. All we do is spend days on who's fault, it accomplishes nothing and still leaves this country in awful fiscal condition.

    August 8, 2011 at 1:05 pm |
  2. Adam

    In one word. Hopefully!!!

    August 8, 2011 at 1:07 pm |
  3. Carter H.

    I think that Washington is dooming President Obama's second term. While he has been trying to rise above the politics of Washington, for the majority of Americans who don't actively watch the news, he will just be lumped into the Washington-can't-do-its-job crowd. But, I think the Economy of November 2012 will make or break his presidency, not the one of August 2011.

    August 8, 2011 at 1:08 pm |
  4. Carter H.

    Your comment is awaiting moderation.
    I think that Washington is dooming President Obama's second term. While he has been trying to rise above the politics of Washington, for the majority of Americans who don't actively watch the news, he will just be lumped into the Washington-can't-do-its-job crowd. But, I think the Economy of November 2012 will make or break his presidency, not the one of August 2011. I am writing from Dallas, Texas.

    August 8, 2011 at 1:10 pm |
  5. Willda Ritter, Arvada, CO

    The economy and lack of leadership. If he wins it will not be the 2008 election again.

    August 8, 2011 at 1:13 pm |
  6. MNResident

    Not so fast, Jack. You can't beat something with nothing. No matter how deep into the toilet this country swirls, President Obama will not be defeated until a viable alternative is shown. Obama survives if he destroys all of his opposition. That method is how he has risen to the Presidency, so don't count him out yet......

    August 8, 2011 at 1:15 pm |
  7. Valtom

    When you have only 8% of those in your administration that have ever worked in the private sector, what do you expect? Obama is dooming the economy, not the economy dooming Obama.

    August 8, 2011 at 1:19 pm |
  8. Dan in Aluququerque

    No, not dooming, but perhaps assuring a 2nd term. There is absolutely no one on the Republican side who can solve the problem. The 6 out of 10 people wanting both cuts and serious revenue may come to realize that they have to turn out in numbers to assure that the extremists on both sides are either forced out of office or forced toward the Center. So far, Obama is the reasonable one, but should have just invoked the 14th amendment instead of going along with this "bogus" compromise.

    August 8, 2011 at 1:22 pm |
  9. Joann Locascio

    I sure hope so. I'm afraid of the alternative too but we certainly didn't get the "change you can believe in" we were promised! More war, more unemployment. We now have "the best government corporations can buy!" And they're not even paying any taxes while running it!

    August 8, 2011 at 1:23 pm |
  10. gary

    No Jack,if you look into it it's the Tea Party and the Rep Party O yea and the Rich Party. Obama called Bush the worst President and now thier trying to make him look bad by not helping to make things better until he's out of office.O yea I can say it he's black.so he never should have said that about Bush.

    Clearwater,Fl

    August 8, 2011 at 1:24 pm |
  11. Barbara Leavitt

    If this administration does not figure out how to get the American people back to work ~ yes, he's doomed to one term. That will entail spending money ~ something the Republicans are going to fight tooth and nail. They've made it clear they want him to fail. Even at the expense of our country.

    Henderson Nevada

    August 8, 2011 at 1:27 pm |
  12. Eddie Cousins-Richmond Texas

    What me(B.O.) worry? Unemployment is as high as ever, the economy is weak and headed for another recession, our credit is downgraded, we are fighting three wars now and nobody can give a convincing argument why, we have a government imposed healthcare system that won't be in effect for 3 years but we are paying for now and that a majority of Americans don't want, the country is extremely polarized such that elected officials are hurting their own constituents, there is a demonstarted lack of leadership and management skill by the president while he runs for re-election like there's no tomorrow...maybe there is no tomorrow. Worst of all I'm feeling bad about being American, not being part of a team, there is no team, just a bunch of individuals. Sad isn't it.

    August 8, 2011 at 1:28 pm |
  13. Alie

    Indeed! the poor economic conditions are affecting President Obama's re-elections chances, however, the elections is a year and half away and things might imporve which will subsequently enhance his chances. That been said, President obama has not had a chance to concentrate on the economy since he won the white House. He had to face two wars, battling a whicked health care system, Meddling on improving Middle East Peace Process, The BP Oil Spill and the Republican Party that obstructs every piece of legislations in ading the economy. " Lets Remember, Mr. Obama said it might take to terms to turn around the economy. The economy was in a dire situation before he took over. I would not trust a single Republican candidate to change our current economy conditions.

    August 8, 2011 at 1:32 pm |
  14. Dennis in Los Angeles

    After such a deap recession, the economy should have bounced back with at least a 5% growth spurt. Unfortunately, as Steve Wynn said Obama has been a "wet blanket" on this economy. In other words, Obama is dooming this economy, not the economy dooming Obama.

    August 8, 2011 at 1:33 pm |
  15. Stephan Hoglund

    The economy is not President Obama;s baby, it is the illegitimate child of George Bush and the Republicans. If the situation in Washington is not a benefit for him then we are a ship of fools sailing off the edge of sanity and allowing the few rich who do not pay their fair share of taxes to steal us blind and destroy or country!

    August 8, 2011 at 1:34 pm |
  16. ohnomrbill

    I believe that what matters more is the portion of the electorate that turns out during the next election. I almost feel like the Tea Party portion of the electorate believes that it's the President's job to make and pass laws - and the budget - while Congress does nothing. The way I see it, the President isn't responsible for how the economy has turned out; he has never gotten 100% what he's asked for from Congress, so how does that make him to blame? It's his job to recommend legislation as the Executive and the head of his party, and sign off on the final product; it is not his job to write, re-write, and pass that legislation.

    In the end, the political parties will continue to fulfill their sole purpose: get elected. That means they will continue to play the "President is responsible for the poor economy" card to the ignorant portion of the electorate, who will eat it right up. If things continue the way they are going, we'll see another knee-jerk election like we did in 2010.

    August 8, 2011 at 1:35 pm |
  17. ranch111

    Yup.

    August 8, 2011 at 1:36 pm |
  18. Jk from Minnesota

    It probably is; the President has not ridden Congress hard enough to take action for domestic job creation, tax code loophole reform, etc.

    I do find it astounding and amazing how the Republican Party has total amnesia over what happened during the years of 2001 – 2008; probably the years that tax and spending and deregulation policies enacted contributed the most of the mess in 2011 and the fact is that 6 of those 8 years the Republicans controlled Congress and the White House.

    I sincerely hope and pray the the "Middle Majority" of the electorate hasn't forgotten that fact. I know I haven't.

    August 8, 2011 at 1:36 pm |
  19. Lou Mullin, Fayetteville, NC

    The economy is not dooming the President's second term. It is dooming the United States of America's second term. People in the Capitol don't know how to get it started. All they can vote for is war, and unfunded situations like giving the rich tax breaks and giving people unfunded medicine. His chances are secure because there is no guy or gal running from the Republicans who knows how to find their way out of a paper bag. Obama is pretty secure right now but he HAS TO TURN THIS THING AROUND and not just for his next term.

    August 8, 2011 at 1:37 pm |
  20. Jack Pitchford

    It is time for the american people ( I am talking about the legal ones) to first register to vote then contact the so called people in washington that we elected to do the job they are being paid to do. do what is in the best interest of the united states first, state, second. all americans must contact the people we sent to washington, tell them what we want and need, if they do not here us, ignore us or contiune to do what they want in there own interest, when the election come around they must not be re-elected and hope we can find someone that will go to washington and do what is best for this country. I think only about 5% of the in washington at this time would/should be re-elected.

    August 8, 2011 at 1:38 pm |
  21. Wilhelm von Nord Bach

    hurts it for sure, Jack, BUT what is the alternative on the Republican side? none of their current candidates are even close to a Ronald Reagan.

    I doubt that Willard "Bain Capital Outsourcing & Downsizing" Romney is going to convince ANY one with a BRAIN that HE can get America back to work. and as for the rest of the "Tea Party" and/or Social "Conservative" candidates, they are WAY too radical for even most moderate Republicans.

    unless the Republicans can find another Reagan between now and their convention next year, I think that President Obama probably get re-elected by default.

    August 8, 2011 at 1:40 pm |
  22. Andy Hills from the Poconos

    Jack,
    I believe what it happening with the economy at this very moment is going to destroy the President as well as the Republicans. With the stock market down over 1200 points and peoples 401K & savings evaporating and no sign the economy will pick up soon they all need to get voted out. What will people do with social security collapsing and our elected officials causing our economy to tank, we are all in trouble.
    Andy

    August 8, 2011 at 1:41 pm |
  23. Tom in Desoto, TX

    With downgrading the nations credit worthiness, no money for our wars and basic goods and social services in the civilian sector on the decline and republican never-ending call for tax cuts. What would republicans run on? They've proven the lack of understand of paying bills, don't even bother bring up jobs. They will say jobs are linked to tax cuts. I don't see any republicans stepping forward for the job.

    August 8, 2011 at 1:47 pm |
  24. James

    Maybe but there is still a long way to go until election day 2012. If someone is doomed outside of the working people of this country it is Congress. They have done nothing but choked this nation almost to death and they should be thrown out of office......never to return. Starting with the Tea Party candidates.

    August 8, 2011 at 1:47 pm |
  25. Carl

    Jack,

    Obama doesn't deserve to be re-elected. Having said that, I don't feel that there is a politician out there that's worth voting for, we are in trouble, very deep trouble. This worthless new definition of a politicians being, corrupt, self serving and answer to only the lobbist's and the people that line there pocket's with blood money, is a very sad and dangerous situation for our country to be in right now. In my opinion, our one and only chance of surviving these idiots, is a revolution. Or, our once great country needs to fall on it's face, and start totally over, with a completly new form of government. Until this happens, it's only going to get worse for what's left of the working middle class people.

    August 8, 2011 at 1:48 pm |
  26. rhonic

    Yes it is. Obama has always been full of air from day one with no experience. He inherited a bad economy from GWB but he also inherited an AAA rating. This guy is gonna make Carter look like a great president. Clinton was right, this guy is an empty suit.

    August 8, 2011 at 1:52 pm |
  27. George

    You Betch!

    August 8, 2011 at 1:56 pm |
  28. Jim

    Jack,

    No, it isn't. People know full well that this mess started during a Republican administration. The Republicans, not satisfied with having allowed the trashing of the economy, have devoted themselves exclusively during the last three years to undermining and sabotaging everything Obama has tried to accomplish. The result is that they have forced the Bush recession to last far longer than it needed to. The Republicans are solely to blame for this continuing mess and the only way out in November is to vote against every Republican in sight. We need to give Obama a working majority in both houses of Congress.

    Jim
    Reno, Nevada

    August 8, 2011 at 1:58 pm |
  29. Harrison

    Yes. It's time to have Tea Party President and to see if they can help out! Another 4 years to waste. We'll then choose another ONE from Independent and another waste of 4 years. It will then be followed by a Rep President, another wasteful 4 years. By then the average Joe caught up in the vicious cycle of poor government would be 66 years old and to be retired without enough support from SSI. Sad! Very Sad!

    August 8, 2011 at 1:58 pm |
  30. Gerry

    Obama was doomed before the debt ceiling. The S&P downgrade just finished the job. But on the other hand if the Republicans put up a John McCain or equal inept candidate Obama will win hands down.

    Jack, are you ever going to compile a list of Congressmen (and women, transgender included) who paid and didn't pay their 2010 Income Taxes? It would sure give us lowly taxpayers a insight into our current administration. Please include cabinet members especially Timothy Geithner.

    Gerry
    Ash Fork, Az.

    August 8, 2011 at 2:01 pm |
  31. calaurore9

    As Obama is speaking the Dow blew through 11,000, so, yeah. He needs to say and do something different. He needs to lead. Today I heard the same pathetic platitudes. How do you spell Jimmy Carter?

    Carol in Northampton, Ma

    August 8, 2011 at 2:02 pm |
  32. Russ in PA

    Hopefully. Hopefully the economy is dooming enough of the candidates of either party so that the media will finally be forced to pay attention to Ron Paul. The country needs a person that offers true change, and a return to sound money and freedom. What is not to like about that? Unfortunately the media will attempt to marginalize him, as the corporations, banks and unions all fear him for his straight talk and common sense views.

    Ron Paul in 2012...

    August 8, 2011 at 2:05 pm |
  33. Woody (Houston TX)

    It’s really not helping him. The ones who should be worried the most are the republicans. Everyone knows it their backwards thinking that got us to this point in the first place and continues make it hard for us to get back on track. AND NO…I and I am not a democrat...but I will be voting for them in 2012.

    August 8, 2011 at 2:06 pm |
  34. barbara in nc

    I don't think so. I think it DOES doom the teabaggers who will run every two years (work one week, take two weeks off, etc.).

    August 8, 2011 at 2:08 pm |
  35. pat in michigan

    I think that was the plan wasn't it?Anyone that thinks this stuff happens by accident is a fool. This whole deal is how the rich get that way.Manipulate the markets,get politicians in your pocket.
    Obama is just another victim.Did he think there would not be a price to pay for screwing the health care insurance companies and the rich. My God he was naive!Look what happened to the Clintons when they tried to do this same thing .

    August 8, 2011 at 2:14 pm |
  36. Bill in PA

    Jack,

    Yes, the economy will hurt President Obama, as will his inability to deal effectively with the no-compromise factions. His nature is to believe that those he deals with are rational, truthful and willing to meet him halfway. This is not the case and is a huge problem. He will be painted as any thing the opposition wants to run against. They could win. How about Perry-Bachman? or Palin-Santorum??!
    President, General Eisenhower, warned us of these dangers back in 1953. He is spinning in his grave as we toss our country to the corporations. But what did he know? How to win WWII, lead the U. S. in its fastest period of growth and maintain peace – good enough but, not for today's greedy.

    August 8, 2011 at 2:14 pm |
  37. David in Tampa

    Yes the economy will have a direct affect on the election chances of Mr. Obama. Hopefully, it will also have an equally dramatic affect on the well being of the Tea Bag, Republican, and Democratic parties.

    August 8, 2011 at 2:17 pm |
  38. Dave

    I think any encumbant will be at risk if the economy does not improve, including the tea partiers that were just elected. The public seems pretty well fed up with everyone. Obama may very well decide he's tired of being the only adult in the room, and choose not to run. I would not blame him if he did.
    Dave
    Seattle

    August 8, 2011 at 2:18 pm |
  39. Madge from Saratoga Springs, NY

    Economic doom has not enhanced his cause.

    August 8, 2011 at 2:21 pm |
  40. Nate NC

    What is ruining his chances is his lack of leadership. He keeps forgetting that he is not in the senate anymore, but instead he is in the White House. The time for filibuster is over. The blame for the current economy cannot fully be given to President Obama especially since it started while still operating under President Bush's policies. However, President Obama better start learning to execute on HIS policies rather than argue with legislative members of Congress.

    August 8, 2011 at 2:21 pm |
  41. Ed Hoffman

    Yes! I hope so. This President is the worst ever.
    He has done nothing except spend more and more money we do not have.
    His party is the most corrupt band of criminals I have ever seen. Perhaps we should have had John Gotti be president, at least he and we knew he was a criminal, and he would have spent less.

    August 8, 2011 at 2:23 pm |
  42. Kenneth Keith

    We ALL should be praying that Obama and the Democratic Leadership Goes!! This country cannot afford 4 more years of such devastating, divisive, and lack of common sense "leadership".

    August 8, 2011 at 2:24 pm |
  43. Richard Oak Harbor, Wa

    Tax paid social services for illegal immigrants cost $338 billion per year nationwide. Donald Trump is right, we borrow money from China to pay our bills when we should be charging tariffs for access to the U.S. consumer market. President Obama can be re-elected if he makes bold choices to re-prioritize America's economic options.

    August 8, 2011 at 2:24 pm |
  44. Meg Bazil

    The economy was spiraling out of control far before President Obama was elected. He has had a great deal of a mess to clean up from years past and has done a fine job so far. Their U.S credit rating has gone down because Washington couldn't get their act together well before the deadline; they waited too long! Not to mention, all they have been doing is raising the debt ceiling; it's time to really start taxing those in a higher income bracket. You can't get blood from a stone and with those who make less than $100,000/yr (and far less), they're already living paycheck to paycheck. Time for the bigger fish to start contributing more into the country's economy instead of sucking it dry!

    August 8, 2011 at 2:25 pm |
  45. Lori - PA

    Jack,

    What about members of Congress and Senate? What about the Presidents that came before Obama who made decisions that contributed to the mess we are in now? I know people are going to say that Obama has to own the economic mess we're in, but Members of Congress and Senate have to be accountable also. I'd like for them to explain it to me how Grover Norquist has more power over the decisions Republican's make than voters do.

    August 8, 2011 at 2:27 pm |
  46. Richard C.

    Jack, I hope so. Four more tears of Barack-alypse will doom the USA for a generation. Our credit rating downgraded, three wars being waged, a dysfunctional congress, high unemployment, etc.,etc. How much more can we take?
    Malvern,PA.

    August 8, 2011 at 2:28 pm |
  47. Rich McKinney, Texas

    No I don't think so jack. The economy is what is is. Obama did not create the economy that was around long before him. Some of his policies and spending might have contributed to the debt problem but not any more so them 10 trillion by Bush before him. What effects people Jack is their wallets. When there is no money in them regardless of why there is no money in them or if it is a direct result of something Obama has or has not done does not mater. What does mater is the perception that he is too blame. Obama could be doing everything right but if the American people perceive him as the bad guy then he becomes the bad guy.

    August 8, 2011 at 2:28 pm |
  48. Josh C From NYC

    Perhaps. It is, as Clinton's brain trust taught us so memorably, "the economy, stupid." But If Obama loses to a Tea Partier, I'd call that out of the frying pan and into the fire.

    August 8, 2011 at 2:31 pm |
  49. bob z fr ,pa.

    i have never seen one pres. do so much damage to our country as this one if we don't get him out our country will be destroyed

    August 8, 2011 at 2:36 pm |
  50. bonnie from NJ

    I think it is going to be hard for him not to take the blame for it (as some certainly belongs to him). In reality much more blame goes to the Repulbicans but they will be pointing at Obama all the way. Unfortunately, to me the job seems too big for Obama, but I can only hope that middle/lower class people realize that for now he is our only hope, and that we have no chance with any Republican. I must admit, although a little conservative for my liking, Ron Paul captured my attention last time and should he win nomination (long shot), I would be looking at him again.

    August 8, 2011 at 2:36 pm |
  51. BILL, WI

    If they own up to their responsibilities and quit this boogeyman approach to all negative occurances. First it was Bush's fault now it is the Tea Party that is doing bad things. Stop playing the victim card and start looking for solutions. Oh wait, we need another commision to study the problem, and that will take about a year. As if three years being in charge is not enough time to determine whats wrong and employ a little adaptability to their policies.

    'But it was the boogeyman that kept us from doing that."

    If this administration will try to be a creator, not a victim, of current circumstance they might get through another election. But all of the could've, should've and would've if it wasn't for the Tea Party will not fly next election. Or was it Bush, nope my bad, it was the boogeyman.

    August 8, 2011 at 2:36 pm |
  52. Carlos von Hafe

    Jack, Obama has to stop with his sweet talk and inspirational speech and start making some real "changes" and I mean actions that will turnaround the status of the U.S economy otherwise he´ll find himself in dire straits come November 2012, it´s not all the Republicans fault for the current state of the economy as Obama is trying to portrait, 2 years and 8 months is enough time for his policies to have given positive signals which they aren´t, and for someone who said to an advocate for "change", who talked so much about changing Washington´s politics it seems the President is very much involved in the same blame-game going on in D.C.

    Carlos von Hafe
    Luanda, Angola

    August 8, 2011 at 2:37 pm |
  53. Loren

    Well, the economy should certainly open up the eyes of the people who voted for him. Obama has done what every Democratic president does, express outrage at the excesses of Wall Street and do everything he can to kowtow to it. The economy is not a change anyone was hoping for.

    August 8, 2011 at 2:37 pm |
  54. Luis Almonte

    The economy is not dooming his chances but it is certainly making it difficult for him. What Obama needs to do is focus on jobs and find ways to make the economy stronger. If Obama and his team especially Geithner find the solutions to stave off Depression, Obama has a chance. This needs to be his sole focus. He CAN win reelection because it shows how serious and his plans are. Meanwhile Republican Presidential Candidates have no idea on how to solve it and all they do is bash and criticize Obama which is no solution. When the American People sees these two differences, Obama will win.

    Luis Almonte
    Union City, NJ

    August 8, 2011 at 2:42 pm |
  55. Stephen

    It's not the economy, Jack. It's Pres. Obama's lack of a response, to everything. He waits for the reports of his blue ribbon, Noble prize winning committees and then does nothing, except blame his problems on everyone else.

    August 8, 2011 at 2:44 pm |
  56. Pete from Georgia

    Jack, I'm assuming you meant this as a serious question.
    Second term ??
    Really ??
    At the rate of destruction of what was once a great country, I'm starting to wonder if he will make it through 2012.
    Obama will go down in history as the biggest imposter posing as a president EVER.

    August 8, 2011 at 2:44 pm |
  57. Bit

    Jack-

    We all know the President can't solely create jobs. Jobs stem from companies hiring, banks loaning, and taxing the rich. Neither will happen until after the general election. This is the strategy to up seat the President. Agree or disagree; let’s see.

    August 8, 2011 at 2:44 pm |
  58. TC

    California , San Fernando Valley.

    My thought is, the enconmy was bad before Obama became President, as he mentioned, a change takes time. If president Obams don't get a second term, I belive the next President will reap the benifits of Obama's work. We need to stop looking at the bad and look at the good. Work on what's going right and build from there. There is just to much negativity being discussed and not enough positivity being discussed.
    We need to be apart of the solution and not against the problem. There are just TO many opionion, to many Chiefs and NOT enough Indians. In a time of crisises we all need to pull together to help solve these issue's.

    August 8, 2011 at 2:45 pm |
  59. ken, atlantic city, nj

    No the voters are as dumb as ever. The dems blame the pubs and the pubs blame the dems and the same clowns get re-elected over and over again. Obama and the dems just like the pubs work for wall street and the banks not main street. The banks and wall street created this mess and the dumbs bailed them out. Who will bail out main street now, not obama. Obama wants tax reform which means lowering the top rates from 39% to 23%, obama wants more trade deals with panama, korea, and columbia means no jobs for main street. Obama is not doomed main street is doomed.

    August 8, 2011 at 2:45 pm |
  60. Rusty S.

    No, but it certainly isn't helping. One thing that's greatly working in his favor is that none of the GOP contenders for his job have put forward a comprehensive, specific and viable plan to turn this country's economy around. All they can do is throw angry, vague rhetoric his way. It's their greatest weakness.

    Rusty S.
    Raleigh, NC

    August 8, 2011 at 2:46 pm |
  61. Brad, Portland, OR

    Normally, a bad economy makes a second presidential term more unlikely.

    But none of the announced Republican candidates seem as qualified, or as sane, as Obama🙂.

    The election is really a choice, not a referendum. SOMEBODY is going to be elected president, even if you don't really like ANY of the candidates. And even with all his problems, Obama would be a better president than any of the competition.

    August 8, 2011 at 2:48 pm |
  62. lou

    I'll still vote for him. Not because I love everything he's done. But because the republicans haven't offered anything better. They've thrown temper tantrums in congress, sided with the rich and corporations on the tax issue, declared war on unions that will undermine the middle class, and have made it clear they will 'tinker' with social security and medicaid. What average joe would be crazy enough to vote for that platform?

    August 8, 2011 at 2:48 pm |
  63. Kevin in CA

    It really depends on which wing nut the Republicans choose to run against him.

    August 8, 2011 at 2:53 pm |
  64. pat, Idaho

    I do believe Obama's chance for a second term is out of the question regardless of the economy, I believe he lost his chance when he started lying to the American public about everything.

    August 8, 2011 at 2:54 pm |
  65. john thomas

    That’s all in the lap of the republican party Jack. Given the damage to our political creditability in the world and further down fall of the economy, caused mostly by the republicans and the tea party and the lack of a republican presidential candidate with the will for a legitimate balanced plan to get our economy back on track, I would think there would be enough sensible voters to put Obama back into office. Things could change but I don't see it coming.

    August 8, 2011 at 2:55 pm |
  66. MaryAnn Kohberger, Effort, PA.

    Yep. I am not sure if even the ghost of Osama Bin Laden can even help him now. And hey, I voted for the guy.

    August 8, 2011 at 2:56 pm |
  67. Ron WPAFB

    No Jack, The alternative is absolutely unacceptable! I am not a Dem or a Repub, I have an education and can think for myself. I can pick the less damaging candidate and unless the Repubs have a life altering event between now and the elections, it's obvious that giving the House to Boehner and the Fringe right was a Big Big Mistake!

    You know how to annoy a Conservative, Jack? Tell them facts!

    August 8, 2011 at 2:57 pm |
  68. Chuck O'Connor - North Carolina

    Not if Americans have any intelligence!! Senator Alan Simpson and John McCain have said right there on CNN that the downgrade lies strictly on the lap of the Tea Party. Warren Buffett and Donald Trump have even pointed fingers at the Tea Party members of Congress.If you get a Republican President to go along with a Tea Party Congress then Seniors,poor and middle class may as well move to Mexico,

    August 8, 2011 at 2:58 pm |
  69. Phyllis G. Williams

    Is the economy dooming President Obama's chances of a second term?

    America gave President Obama a bad economy, he did not give it to us.
    "The heart is deceitful above all things, and desperately wicked...
    I the Lord (Jesus) search the heart, to give every man according to his ways and...the fruit of his doings" (Jeremiah 17: 9-10).
    "The eyes of the Lord are in every place, beholding the evil and the good- (Proverbs 15: 3).

    August 8, 2011 at 2:59 pm |
  70. Toni

    Absolutely not! It wasn't President Obama that had us by the Balls, it was the Tea Party and the Republican Party. The Tea Party and the Republican Party not only hurt our country's rating on our credit but they also upset the world economy. President Obama tried to do the best for our country but it was out of his hands. I'm voting for President Obama again.

    August 8, 2011 at 3:00 pm |
  71. Pat Thornton

    Yes, the economy is dooming President Obama's presidency and re-election plans. However, any fool can see that all of this is the master plan to make him look bad, and unfortunately, in 2011, it is still racist America. He inherited this mess regardless of what anyone feels, and there is not too much ANYONE can do but ride it out. I hope he wins re-election, because no one can take care of this in four years.

    August 8, 2011 at 3:02 pm |
  72. Gary H. Boyd

    If a lousy economy is what it takes to get rid of the bum, so be it.

    Gary in Scottsdale, Arizona

    August 8, 2011 at 3:02 pm |
  73. John in Alabama

    Jack: Senator Jim Dement has spend all his time in the senate to defeat President Obama, since November 9th, 2008. Instead of doing this nation's business, and South Carolina's needs, and they have many poor people in South Carolina. The Republican Party is split with those to hate a little and those who hate a lot. As long as, hate consumes them, President Obama will win in 2012. The selection of candidates are many in the Republican Party, but they have forgotten who they serve, but the rich folks will remind them, soon.

    August 8, 2011 at 3:03 pm |
  74. Darryll Petrancuri

    The economy isn't what's dooming President Obama's chances at a second term. It's his dereliction of duties as evidenced by his abhorrent lack of leadership and initiative. You have embarrassed my vote for you Mr. President. Are you nothing more than a withering reed of what appears to have been nothing more than a cult of personality?

    Darryll Petrancuri
    East Norriton, PA

    August 8, 2011 at 3:03 pm |
  75. Phil, jersey

    Sadly, the Tea Party are banking on a bad economy to win elections, otherwise they could be joining Democrats offering new policies on producing jobs and rebuilding America as the number 1 high tech country in the world. Its depressing, because alot of ideas are already sitting in the congress just waiting for the Republicans to get on board.

    August 8, 2011 at 3:06 pm |
  76. Larry from Georgetown, Tx

    Neither he nore anyone in Congress deserves to keep their job. In big business they would have been fired by now and we the ordinary people need to rise up and stop this madness now. The blame game is stupid as the old saying goes, point the finger at someone and look closely as there are three fingers pointing back at you. Grow up people.

    August 8, 2011 at 3:07 pm |
  77. virginia - Atlanta, GA

    There are some folks who would like to see that and have worked and lied so that the gullible this believe them. I wish commentators would quit suggesting that he isn't doing certain things and remember that there are members of Congress who have stated that their ONLY goal is to see him as a one term President, they have obstructed him at every turn, blaming him even before he took office for things done before. Much of the same was done with Clinton, inspiring Bush to do everything differently – including not worrying about Bin Laden, until he had to. See where that got us. Let's give President Obama a chance for a change. FOX News' attacks and not very creditable "News"should be enough. The rest of us need to be supportive.

    August 8, 2011 at 3:08 pm |
  78. Jerry; Johns Creek, GA

    NO the economy is not dooming President Obama's chance of a second term. His absolutely dismal record as a leader is dooming him. America has been in bad situations before but we have always had or nearly always had a leader that could get us out of troubled waters. I guess this is the awaited for change that was promised.

    August 8, 2011 at 3:10 pm |
  79. Paul P.

    If it weren't for the antics of the pledge-signing, dysfunctional GOP and its weak crop of candidates, I'd say yes. But alot of voters might look at the alternative of the Tea Party setting policy in this country, and may feel another 4 years of Obama is preferable. That's his biggest hope. But personally, I don't know why President Obama would want to serve another term.

    August 8, 2011 at 3:12 pm |
  80. cal

    The country hope so. we do not need a jim carter in office.As bad a Bush was he looks like a genuis to this one. Congress can go also.

    August 8, 2011 at 3:22 pm |
  81. Jeff in Bishop, Georgia

    Mr. Cafferty, the debt issue can be blamed on both parties before obama ever was inaugurated. However, his turbo deficit spending and social justice policies are the antidote to economic recovery. I honestly believe that the job is too big for him and his entire cabinet, therefore, he will not receive my vote in 15 months.

    August 8, 2011 at 3:24 pm |
  82. Ken from Pinon Hills, California

    If he stops acting like a Republican as he has, and try being a Democrat he may very well be reelected. Democrats have been known in the past to fix depressions and recessions.

    August 8, 2011 at 3:25 pm |
  83. Pete in Florida

    Only to the degree that Republicans have destroyed the economy in order to destroy Obama. His biggest problem of his own making is that he is incredibly weak when it comes to dealing with his political enemies. They have sworn to destroy him, he has let himself be bluffed, bullied, and backed into corners where he okays bad legislation. The party of "NO" has won, Obama's goose is cooked. If he had it to do all over again, I'd say he should have gone to Hillary on his first day in office, to borrow a large pair of cojones from her.

    August 8, 2011 at 3:25 pm |
  84. Gary - Woodhaven, Michigan

    We forget the first eighteen months of Obama's presidency where the Republicans blocked every single piece of fiscal legislation he attempted through a record number of filibusters. There mantra was "one term president". And isn't Congress responsible for the purse strings?

    He wanted the 4 trillion in cuts that S&P and the others wanted, and don't think for a minute the Republicans didn't know and forced the issue for a lesser amount, why? Again, "their goal to make Obama a one term President" at the sacrifice of yours and my 401k's.

    What a shame how these politicians put their own lust for greed and power ahead of what is best for the entire country. Unfortunately, they probably will be rewarded as the country will agree to someone's lies come next election.

    August 8, 2011 at 3:25 pm |
  85. Jayne

    President Obama has become the Capitulator-In-Chief and will win a second term only because the candidates on the right are lunatics. It's a real shame . . . the man had so much promise and now he'll be remembered as another Herbert Hoover rather than another FDR.

    August 8, 2011 at 3:27 pm |
  86. Tony from Southport, NC

    From your question to God's ears.

    August 8, 2011 at 3:30 pm |
  87. carlos Magallanes

    Dear Jack,
    Unless the President begins to use the Bully Pulpit with Thor's hammer behind it, he will be a one term President. He needs to lead, to be perceived as a leader , and to be willing to show that his posture is more American than his opponents.

    Carlos Magallanes
    Pasadena,Calif.

    August 8, 2011 at 3:31 pm |
  88. Nurse Lisa in Shelton CT

    The economy is hurting everyone but the super rich's chances for financial freedom. But politics is just like driving – if you want to go forward, put it in D and if you want to go backword, put it in R.

    August 8, 2011 at 3:35 pm |
  89. Gail,, Plano, TX

    Not as far as I'm concerned, Jack. I will vote for him next year as will my children and anyone else in this country who has a brain. What can the man do? He is usurped at every turn by GOP! They are relentless, and the laws we have in Congress, allow them to act irresponsibly. How about talking about a man who is not even an elected official controlling the House by making GOP sign pledge vowing no new taxes! What is this? Sounds childish to me.

    August 8, 2011 at 3:36 pm |
  90. Raj, Toronto

    No Jack, everything Obama opens his mouth, he kills the economy.

    August 8, 2011 at 3:40 pm |
  91. Tom Bulger, Canandaigua

    It is insuring his second term. Standard and Poor's said point blank that Obama's approach is essential to an economic solution. (ACcnn 360, 7/28/2011)

    Ending the Bush tax cuts for the rich would give us another $950 billion dollars according to Mr. Chambers.

    Other experts who agree that the Bush tax cuts are a mistake are Nobel Prize winner Paul Krugman, Cornell's Professor Robert Frank, Governor Brown (Candy Crowley, CNN 8/7/2011), Larry Summers, Professor Robert Reich and China. If we don't demand that Obama be allowed to be president, don't demand an end to the filibusters and just say, "No" tactics of the Tea Party, we could be sunk well before his second term.

    August 8, 2011 at 3:43 pm |
  92. Dennis north carolina

    I think Obama will win a second term .hopefully he will have a congress who will work with him and not the tea party crazy people.

    August 8, 2011 at 3:43 pm |
  93. Rich McKinney, Texas

    Jack right now what America remembers is over 10 trillion dollars and climbing in wasteful spending by George Bush and the republicans. They remember WMD'S and the fact that there were none found under the republicans watch although they promised they would be there. The American people also remember the lives lost and those that were killed in a war we never needed to engage in. What I am saying Jack is that Obama has a long way to go before Americans will give the presidential controls back to the republicans simply because of the fear they have over what the republicans might do.

    August 8, 2011 at 3:45 pm |
  94. chris

    oh yes if he get's re-elected we are in trouble

    August 8, 2011 at 3:48 pm |
  95. Ray in Knoxville

    Jack, I just don't see any sane alternative out there. Obama is trying to work with the GOP, so much so that he has made his base mad. The GOP has basically said they would rather run the country in the ground rather than work with this president. They've just about done it, too. I think voters will remember in 2012.

    August 8, 2011 at 3:50 pm |
  96. Antuan Webb

    If the American people would quit letting these bozo Tea Party idiots waste our time questioning the president's birth or religion. Oh is he American enough? He could do his job.

    August 8, 2011 at 3:51 pm |
  97. Liam - VA

    August 8th, 2011 3:43 pm ET
    Your comment is awaiting moderation.
    we got change that we can believe in.. The dow is down over 500 points and there is massive unemployment.. Sounds like the liberal policies are for sure working. And for all of those who collect the checks from the massive welfare state keep in mind the "rich" have lots less money to give you now.. Might be time to get a job because the socialist party will be out in Novemeber..sorry to bring you that news.. Everyone who voted for this liar who has zero business knowledge does this make you happy? We are in BIG BIG trouble.. And YOUR president is playing Chicago politics already and attacking Standard and Poor. Yes you heard right ..Attacking.. This time it won't work. Better off anyone?

    August 8, 2011 at 4:02 pm |
  98. Al in Delaware

    Since the economy was already bad when he took office, he can always point to the fact that the Republicans obstructed every efffort he made to cean up the mess that THEY caused in the first place. Besides they still don't have anyone to run against him that remotely resembles Presidential material.

    August 8, 2011 at 4:03 pm |
  99. Sylvia from San Diego, CA

    I hope so! He doesn't deserve the one term we gave me.... Shame on us if we give Obama another term as president.

    August 8, 2011 at 4:08 pm |
  100. John ... Marlton NJ

    Yes, the economy and failed flaming liberal policies are coming home to roost. Its time for Obama, Reid, Pelossi and their 'I'm entitled', "something for nothing crowd" to accept their fate. .... the free ride is over ...

    August 8, 2011 at 4:11 pm |
  101. Larry,Springfield,Ohio

    Jack,President Obama's ineptness killed his chances of re-election long ago!

    August 8, 2011 at 4:11 pm |
  102. Carolyn

    Hopefully there are enough reasonable, informed citizens who understand whose fault this debt crisis really was and our triple A downgrade also–the Tea Party people and the other Republicans who let them rule. The economy is in a shambles because of George W. Bush policies that the wealthy intend to keep and the Republican Congress who are guaranteeing them that we will.
    Carolyn
    Leitchfield, KY

    August 8, 2011 at 4:12 pm |
  103. Tom from Nebr.

    Jack, Although the President has been ineffective, it's been due to Mitch McConnell and the GOP opposing him at every opportunity regardless of how it affected the country. If the Republicans had any agenda other than making Obama a 1 term President things might be different, but it is what it is. That is the route they choose to follow. With no viable candidates coming from the Republicans (I mean, would you vote for any of those ultra conservative clones?) I can't see any other conclusion than the President will remain the President. Until the next election we will continue to have gridlock. I will do my part to vote the Republicans out. Most of the seniors I've talked to plan on doing the same.

    August 8, 2011 at 4:13 pm |
  104. Michael Bindner, Alexandria, VA

    It might. It depends on who the GOP candidate is and whether a third party candidate with some real answers can raise some real money.

    August 8, 2011 at 4:16 pm |
  105. Dave in Cincinnati

    Hopefully. We can't afford (literally) a second term.

    August 8, 2011 at 4:16 pm |
  106. Steve from South Florida

    Jack,

    It's not helping, for sure. But the good news for him is that all he has to do is look at his potential opponent...there is no credible one...just a wacky bunch of nitwits who stand no chance of winning a national election. Kick the rock off any of them and you see eye opening things for sure. Makes Obama look like the next coming of Thomas Jefferson.

    August 8, 2011 at 4:17 pm |
  107. Brian (From Chicago)

    Who knows Jack. But I think voting against Obama for any old generic candidate is a dangerous proposition. It's a little devil you know vs the devil you don't know scenerio. Let Obama finish his term, and then judge him. However, vote for someone else if they have better ideas, not because you hate Obama.

    August 8, 2011 at 4:17 pm |
  108. Mark in Hilo

    It definitely isn't helping, but in reality, if the American public has a choice between a guy that prays for the economy (Perry) to get better, and a hypocrite (Bachman) that uses government funding for her own business, I'm pretty sure Obama can squeak it out in November. At least I'm not sweating.

    August 8, 2011 at 4:17 pm |
  109. Minesh Baxi

    Jack, the question should be why is Obama killing the economy?

    He is punishing job creators by taxing them more, putting more onerous regulations to start and run a business, stopping drilling in the gulf for oil and spending money by trillions that we don't have!

    Minesh Baxi Troy, MI

    August 8, 2011 at 4:20 pm |
  110. Roy Trent

    You got it backwards...
    It's not " Is the economy killing President Obama's chances ..."
    It's "Is President Obama killing the economy?"

    August 8, 2011 at 4:23 pm |
  111. bud rupert

    Nope! He'll still get elected. Mainly because there is still enough people with a brain to see – it's not his fault – and we know whose fault it is. But I won't go to that broken record. Beside's Jack, look at the competition. pathetic!. They are all "full of sound and fury-signifying nothing" The only high profile person I would consider voting for besides Barak is Mayor Bloomberg.

    August 8, 2011 at 4:24 pm |
  112. Joe

    Jack,

    The obstructionism set forth by the Republican Party has undermined this President, our economy, and has caused the crises you are reporting today. Of course the economy is killing this President, when you live in a house with one party consistently says, "No," then how can you even open the door to new ideas and fixing problems.

    Our HOUSE or in this case, our "House of Representatives" is now broken, by the minority of the minority – ideas of a lobbyist Grover Norquist and the Tea Party.

    Joe, Binghamton, NY

    August 8, 2011 at 4:25 pm |
  113. Ray

    I sure hope the economy is going to end this reign of stupidity. We can only hope we last until the end of the administrations term without imploding all together!

    August 8, 2011 at 4:26 pm |
  114. Bob D Iowa

    Jack who has the GOP put up against him so far? If there was one creditable person then maybe, you know that Bachmann will win Iowa with the religious wackoos and that will give everyone a migraine headache. How else would pay $30 to cast a vote, the Koch Bros?

    August 8, 2011 at 4:26 pm |
  115. Bizz, Quarryville Pennsylvania

    It is not helping him but a lot of people realize what President Obama had to deal with. When you have a small majority in Congress willing to send us into default if their demands are not met it would be hard to blame any president. The only choices President Obama had was to go into default or give into the tea party.

    August 8, 2011 at 4:26 pm |
  116. Paulette in Dallas,PA

    Most certainly. I reccommend to everyone to read Hendrik Hertzberg's article about HOW Obama mishandled this entire Debt Crisis situation in the "Talk of The Town" section of the August 8th issue of The New Yorker Magazine. Many people advised for Obama to invoke the Fourteenth Amendment-including Bill Clinton–as per Hertzberg,"The week before last,Bill Clinton said that, in extremis,he would invoke it 'without hesitation' and raise the debt limit himself rather than countenance default." Hertzberg later goes on to say,"But Obama's seeming refusal to hold it in reserve...is emblematic of his all too accommodating negotiating strategy–indeed,of his whole approach to the nation's larger economic dilemma,the most disappointing aspect of his Presidency." Obama was too inexperienced to be the American president. Send him back to academia and give us a President that will hold up to these difficult tasks facing our country. Someone with guts and moxy to do the right thing not just be a people pleaser.

    August 8, 2011 at 4:26 pm |
  117. Bonnie in Arkansas

    I suspect that as soon as they get a Republican back in the White House, the "job creators" will suddenly start creating jobs so they can claim success!

    August 8, 2011 at 4:27 pm |
  118. Joe

    Jack,

    The obstructionism set forth by the Republican Party has undermined this President, our economy, and has caused the crisis you are reporting today. Of course the economy is killing this President, when you live in a house when one party consistently says, "No," then how can you even open the door to new ideas and fixing problems?

    Our HOUSE or in this case, our "House of Representatives" is now broken, by the minority of the minority – ideas of a lobbyist Grover Norquist and the Tea Party.

    Joe, Binghamton, NY

    August 8, 2011 at 4:27 pm |
  119. Herman Portland OR

    The current policies that the President and all of the advisers have implemented have not worked. The President has failed in leading us out the direction the economy was headed when he was elected. The only answer was the stimulus spending bill that did nothing but prolong the reality of unemployment and mortgage defaults. I think he and the Democratic party gambled on the severity of the economic condition of the country and lost. Fiscal discipline less regulation lower taxes and a real definition of America's future is the change we need now. With true hope coming in the Republican side of the debate, it would be a huge mistake for America to re elect a President with proven lack of leadership and failure to do anything but achieve social victories and bills in Congress.

    August 8, 2011 at 4:27 pm |
  120. Ken in NC

    No. His "Backbone" or the lack there of has cost him a second term. Problem is we have to have another Democrat to elect because we all know we cannot let the Republican or Tea Party Children get their hands on the wheel again.

    August 8, 2011 at 4:27 pm |
  121. Jim S

    For uninformed, uneducated people, it probably is Jack. Most intelligent people fully realize that Obama inherited a near economic collapse caused primarily by Bush and the republican's and has had to fight the party of no every step of the way and he hasn't had any cooperation on getting anything done. That might very well not been the case had the democrats not allowed the obstructionist Republicans to gain control of the House and kill any chance he had for compromise. I think a great many people will realize that as well as the lies the Republicans have told and are still telling.

    August 8, 2011 at 4:27 pm |
  122. JT

    I hope so!

    JT
    Orlando

    August 8, 2011 at 4:29 pm |
  123. Kent

    unfortunately, yes. he is not displaying the type of leadership needed to give us "Hope" or "Change" . of course, he did not create the entire financial mess he is now in charge of cleaning up. but he will get the blame.

    August 8, 2011 at 4:32 pm |
  124. Amy Rodriguez

    There was no way to stop this from happening. It would not have mattered who was sitting in the White House, the only difference that I can see is that if Republicans had won the White House again, the whole debacle would have happened much faster than the slower rate at which it is currently happening. I won't say that either side is blameless, but the republicans were hell bent on making sure Obama was a one term president, and what better way to do that than to sabotage the country and then blame it on Obama. Obama isn't perfect, but he's at least wiling to take on ideas that even his own party doesn't like in order to get this country back on track.

    August 8, 2011 at 4:34 pm |
  125. Sharon in NJ

    It would appear that way but with the way things are going...the Republicans will mess things up so badly that either people won't bother to vote at all or they'll vote for President Obama as the lesser of two evils.

    August 8, 2011 at 4:35 pm |
  126. Jeff

    Yes it is.

    The right said at the outset of his term that they wished him to fail. Well their wish is coming true because they (the right) have discovered how to wreck a presidency by wanting to "debate" raising the debt ceiling every time that is needed. Remember we are talking about money we have already spent, it's great to talk about reducing debt - I'm all in favor of that - but let's do it after we've paid our current bills.

    If we debate raising debt ceilings every time, we will keep the economy in free fall... which is right where the right wants it right now... remember no incumbent has been re-elected when unemployment was north of 7.2%...

    Do I really think they'd go so low. Yes I do, Jack, yes I do.

    August 8, 2011 at 4:36 pm |
  127. Mr. D

    How novel, another politician opting to extend their tenure in government on the backs of the citizens of this country. We are becoming a "broken record" that just keeps spining the same old song. It's time to sit this one out.

    August 8, 2011 at 4:36 pm |
  128. Tom (Atlanta)

    If you were the Board of Directors of a company that has exhibited the financial behavior of the US in the past 8 years, and you had hired a charismatic new CEO three years ago who promised change and to straighten out your troubled company, and now you had just experienced a) the difunctional performance of the executive team, b) the current trend of its balance sheet, and c) a degrade by S&P, would you give the CEO a contract extension for another 4 years? I don't think so. Your company is in trouble, and at this rate, your company may be in bankruptcy unless you step in and you replace the CEO and his executive team.

    August 8, 2011 at 4:37 pm |
  129. marybeth, massachusetts

    Jack,

    His chances of re-election don't look good if the economy gets worse or stays the same, but it also depends upon who the Republicans nominate for their party. If their candidate is Sarah Palin or Michelle Bachmann or Mitt Romney (who screwed up the economy in Massachusetts during his tenure as governor), Tim Pawlenty (who left Minnesota's budget in shambles) or any one of the other right-wing wingnuts, then I'd say his chances just improved a great deal.

    The simple truth is that EVERYONE has to work to fix the economy–and yes, that means the Republicans too. Right now all I can see is that all of the efforts have been from the Democrats, with the Republicans saying no like a whiny 2 year old to everything the dems propose unless it includes massive tax cuts for the wealthy and the complete demolition of the social safety net programs that working people have paid into for their entire working lives.

    August 8, 2011 at 4:38 pm |
  130. Fred In LA

    I don't know how he got elected to a first term. It was all smoke and mirrors and now we're paying the price.

    August 8, 2011 at 4:38 pm |
  131. Alex in Bremerton, WA

    It is simple electoral arithmetic. The worse the economy is, the harder it is for President Obama to get re-elected. But isn't this what conservatives want? Rush Limbaugh wanted the president to fail from Inauguration Day and Mitch McConnell says his highest priority is for President Obama to be a one term president. So does Michelle Bachmann! But why are they actively destroying the US economy to get what they want? Real Americans are being hurt!

    August 8, 2011 at 4:40 pm |
  132. AB

    The S &P downgrade is really based on idle speculation and unfounded fears than on sound economic analysis. The United States is still a sound fiscal venue for the world's investment. Just look at other industrial countries' credit ratings in comparison. Our credit rating is still better than those of Britan, China and Saudi Arabia. Later this year and next year, the economy will be on the road to recovery and the situation will be very different from what it is right now. The Republicans are gleefully bashing Obama on the economy right now, but they will cry later on when things really improve and Obama becomes nearly impossible to beat!!

    August 8, 2011 at 4:41 pm |
  133. Pat - Hampstead Maryland

    Jack – The economy will be OBAMA's downfall but then again that was the design of the Tea Party Lead Republicans. OBAMA and the Democrats inherited a huge deficit and have never been able to get a solution to the American People. Still- he is a better alternative to the idiotic field of candidates that the Republicans have put up. Its scary that this Country lacks leadership from either Party. Where are the Trumans, Lincolns and Roosevelts when you need them?

    August 8, 2011 at 4:42 pm |
  134. Pat (Missouri)

    I sure hope not. The president did all in his power to avoid this situation and congress barrelled straight ahead disregarding what the majority of Americans wanted them to do and now the Republicans who caused this mess want to hang it on the president because it happened on his watch? I don't think the American people are that stupid. I think we already feel blind sided by the TEA party and the Republican party succumbed to the TEA party's bullying over the debt ceiling debacle so how is that President O'bama's fault???? The president offered a better deal on spending cuts than the Republicans settled for in the end so I can't see where Boehner and the TEA party really did us any good at all on reducing the deficit. They did protect their big business friends and their tax loopholes though.

    August 8, 2011 at 4:47 pm |
  135. Mark, Tempe Az

    Yes it is, and Obama doesn't seem to be doing anything to help his chances. He counts on Congress to do their job. He shouldn't, because they just aren't capable of it. He needs to start acting like he's in charge. Someone has to get things moving, and Congress is just in the way these days. Give 'em hell, Barry!

    August 8, 2011 at 4:48 pm |
  136. Dave - Phx, Az

    Not as long as the republicans keep putting up phony, horrible candidates that I wouldn't leave alone with my children.

    August 8, 2011 at 4:54 pm |
  137. DON IN WESTPORT, MASS.

    Who's President Obama?

    August 8, 2011 at 4:55 pm |
  138. Dan Middleman

    It certainly is hurting his shot. But remember: He's not running against "Generic Republican". He's running against a person with skeletons in his/her closet. Republicans don't like their candidates right now and there's no one on the horizon that looks any better for them in a general election. This country re-elected Bush when he hadn't created a single job, turned a surplus into a deficit and launched an unnecessary war that had killed thousands of US troops. His only advantage was that he was running against John Kerry. Had Bush run against Generic Democrat, he would have followed in his father's footsteps.

    August 8, 2011 at 4:56 pm |
  139. Tim in Castle Rock, CO

    Of course. And it should. We should all remember that Obama inherited a AAA rating from Bush.

    August 8, 2011 at 4:58 pm |
  140. Curt, Avon, IN

    Jack, as far as I'm concerned President Obama shot his chances for re-election in the foot with his continual negotiating and need to make consessions to people who hate him and the middle class. He is a nice man but Hillary Clinton has more backbone and political savy.

    August 8, 2011 at 4:59 pm |
  141. curtis in philadelphia

    S and P this, S and P that, there is one S and P that can save Obama's re-election and that's Sarah Palin winning the Republican nomination.

    August 8, 2011 at 5:00 pm |
  142. Mary C in PA

    Jack,
    I don't know if the economy is hurtlng his chances as much as the perceived lack of leadership. Yes the ecomony is still in bad shape. We had a bad economy and huge deficit thanks to W and the republicans. Obama had a majority in congress when he took office and you would never know it. Just the hint of a filabuster was enough to derail almost everything that came up in congress. Now the teaparty seems to be taking over. Once again the republicans are pandering to a small loud minority to the detriment of the country and the democrats are afraid to speak against them. During the debt ceiling debate you saw Obama putting more and more of the republican demands on the table and that was still not enough for some of them. Obama doesn't seem to know that compromise entails give and take not giving everything that the other party wants and getting nothing in return. I am having a really hard time deciding what I will do in 2012. Obama was not my choice for the democratic candidate in 2008. I didn't think he was everything the media made him out to be and unfortunately I was right. From the looks of things, we are going to have the choice of Obama and more of the same or a republican that will refuse to see past the teaparty or worse yet Palin or Bachman. I am really scared for this country. I may need to look into retiring in Canada.

    August 8, 2011 at 5:01 pm |
  143. christi

    It doesn't look good at this moment but I believe that if he starts leading or using his bully pulpit he will survive to run again. No more mr nice guy. He should read LBJ,s biography seattle wa

    August 8, 2011 at 5:02 pm |
  144. Angry Young & Poor

    Yes, as he has truly proven to be all rhetoric and a spineless turd when it comes to the policies in the US. I give him Credit for the decision on Bin Laden, but the spending without increasing revenues, the inability to be a true leader and get both sides to work together, and the classic partisan ways of our Gov't leaders is proving to be enough to do away with not only Obama but all of these politicians. Time for a make or break decision in this country people! REVOLT!!!!!!!!!!

    August 8, 2011 at 5:03 pm |
  145. perry jones

    that would make me happy

    August 8, 2011 at 5:03 pm |
  146. Ron Dayton

    No, Jack! the Alternative is totally unacceptable! We can't allow the Republicans to destroy what is left! If any Republicans get elected or re-elected , then we deserve to fail!

    August 8, 2011 at 5:04 pm |
  147. Terry in Virginia

    All Mr. Obama has to do to get re-elected is to give a speech. That's the plan. It should work again, except this time many of us Independents who voted for hope and change clearly see that Mr. Obama's words and actions are diametrically opposed. Now I hope that I live long enough to affect real change with my next vote against all incumbents, including Mr. Obama. What I need is a third party challenger because I'm not voting for the GOP candidate either.

    August 8, 2011 at 5:09 pm |
  148. Reginald Levi Walker

    Not really, It will be a surprise if he is not re-elected. The GOP openly told America that they would do anything to make this president fail. This was accomplished when the GOP and the Tea Party took America's economy hostage with the debt ceiling bill and the refusal to allow for revenue increases. But here is the thing they forgot, since they succeeded in making Obama look bad they also caused the country to fail. The GOP and any one attached to the Tea Party will bear the blame for this mess.

    August 8, 2011 at 5:09 pm |
  149. Simon/Orlando

    The President's policies are killing the economy which is absolutely killing his chances for a 2nd term. It's nobody's fault but his own.

    August 8, 2011 at 5:10 pm |
  150. Anthony J. Frascino from Swedesboro, NJ

    Not to discerning Americans who see the plot by the republicans to curtail any program the president supports. Mitch McCollum said it all when he stated the the only aim of the GOP is to make Obama a one-term president early in his administration. This was the opening salvo and the GOP has marched in lockstep, not to help the country, but to humiliate and castrate president Obama.
    Their plot is working and they won't do anything that might enhance the president's status or our country's survival. Are you listening electorate?

    August 8, 2011 at 5:10 pm |
  151. Barbara in Sherman Oaks, CA

    Not when you consider that most of what is wrong right now is the result, at least in part, of the obstructionist right, congressional Republicans who stated that their mission was to see this President fail and have said "no" to nearly every good idea put out there. Absent that, I don't think the economy is going to hurt his chances when you look at the class of clowns the Republicans have put forth thus far as so-called "candidates". I'll take the guy who's doing the job for another term, and a mostly new House of Rep's after these Tea Partiers get the boot and are replaced with grown-ups. to keep working toward fixing what ails us.

    August 8, 2011 at 5:10 pm |
  152. Sherri

    Well it's certainly not helping his chances. I had hope for a better

    America, However it was swept away just as my 401K was today. I

    think it's time for a new style of goverment. We have the technology to

    let " we the people" vote on issues and reduce or eliminate congress

    altogether.

    August 8, 2011 at 5:10 pm |
  153. Obama and the economy

    Jack
    Yes the economy is killing President Obama's chances but you have to ask yourself. "Are the Tea Partier's happy now and how many of them lost their 401(k)s in this last stock market downturn?" The Republicans, Tea Party and John Boehner were warned that this would be the result of their arrogance.
    Parker
    St. Louis, MO

    August 8, 2011 at 5:11 pm |
  154. Reginald Levi Walker

    It will be a surprise if he is not. Since the GOP and the Tea Party told America that they would do anything to make this president fail, they did. The GOP and the Tea Party took America's economy hostage with the debt ceiling bill and the refusal to allow for revenue increases. But here is the thing they forgot, since they succeeded in making Obama look bad they also caused the country to fail and cause any one connected to them or the Tea Party to lose the election.

    August 8, 2011 at 5:12 pm |
  155. Kirk (Apple Valley, MN)

    It's not the economy. It's the GOP making sure that President Obama will on be a one term president. God help us either way!

    August 8, 2011 at 5:13 pm |
  156. Jim

    obama as president is a complete failure. For the sake of our great nation he should do as LBJ did and announce he will not seek re-election. If he had focused on building America rather than trying to legitamize homosexuality and islam we might be a better country.
    I am as angry as I can possibly be as I watch my savings evaporate in large part because we have no leadership in the Whitehouse or Congress and my country being chastised by putin and china. We've become a laughing stock. obama, reid, polosi, kerry, frank, clyburn are a disgrace to America. They should all resign and if not, voted out of office.
    obama, America is a Christian Nation. In God We Do Trust. This great nation that I served for almost 3 decades will not let you destroy it without a fight. God Bless America and all who serve. Rick Perry America needs you.

    August 8, 2011 at 5:13 pm |
  157. Bob D Iowa

    Jack, Obama forgot the first rule of engagement you do not negotiate with terrorist but tyreat them more like the Taliban leadership.

    August 8, 2011 at 5:13 pm |
  158. Ralph Spyer

    I ask a Illinois state senator about Obama when she work with him,in the Illionis state senate. She said he would not take a vote if it was controvresial or contentious. That why he did not vote on so many bills. He send 30,000 more boys to Afghinistan, he let the Bush tax cuts go on, and he stay out of the picture when the tea party had enought of big government. The man is not a leader.

    August 8, 2011 at 5:14 pm |
  159. Bill in New Mexico

    Yes!

    By the first Tuesday in November 2012, the economy may not be this bad, but Obama will be remembered for all four years.

    On January 2009 Obama had four years, a bad economy and organised opponents.

    Woefully, Obama was not up to the challenge.

    Obama's frantic desire to be re-elected may be damaging.

    Obama once said he preferred making a good single term rather than a mediocre two terms.

    I hope he remembers this statement before he makes his fourth year his worst year. Just like everything else he said–he did not mean it.

    August 8, 2011 at 5:14 pm |
  160. JD - Bellingham, Wash

    President Obama is killing President Obama's chances of a second term. The economy is merely collateral damage to his utopian dreams. If he had immediately focussed on the economy and jobs, as anyone else being elected to the presidency after the economic meltdown of 2008 would have done, instead of pushing for a patchwork healthcare plan doomed to failure, he likely might have gone on to great things in a second term. ... Or, perhaps, his promise of hope was limited all along to his historically unequalled talent for getting elected to a first term.

    August 8, 2011 at 5:16 pm |
  161. Ram

    Hey Jack, we need a few more days like today on Wall Street so that the high fliers can be a little closer to the ground...

    August 8, 2011 at 5:17 pm |
  162. Sean in Michigan

    Na na nah nah
    Na na nah nah
    Hey hey hey
    Goodbye!

    August 8, 2011 at 5:17 pm |
  163. Jim

    For the good of this great nation obama should resign or at least announce as did LBJ, he will not run for re-election. He 's an absolute incompetent disgrace.

    August 8, 2011 at 5:19 pm |
  164. Nunya

    I'd rephrase that; I think Obama's chance at a second term is killing this economy.

    August 8, 2011 at 5:19 pm |
  165. Frances

    We had one party rule for most of the Bush/Cheny rule in the 2000's and look where we are now. It took them almost eight years to drive the economy into the ditch. It will take us years to dig out. Unfortunately we now have the radical right wing of the Republican party,the tea party, who only care about tax cuts for the wealthy. Yes those wealthy people who lost us millions of jobs under Bush/Cheney and have not created any jobs since their big tax cuts.

    Frances
    Escondido

    August 8, 2011 at 5:20 pm |
  166. Mitoosense Fort Lauderdale, Florida

    Jack

    All of our problems were going away when we passed Obama Care. He laid his adminitration on the legislation and that is his legacy.

    August 8, 2011 at 5:20 pm |
  167. Matt B, VA

    Exactly what needs to be done Jack, you said it – replace them all. Every one of them should go.

    August 8, 2011 at 5:22 pm |
  168. Barbara again in Sherman Oaks, CA

    When you consider that the alternative is someone from a party that would rather see the American economy go down the tubes, either via not raising the debt ceiling or not raising taxes on those who can most afford to pay them, all in an effort to bring down this Democratic President, I don't think it's the economy that would be to blame for his not being reelected. It is the selfish party of no that would sacrifice its own constituents just to bring down Pres. Obama.

    August 8, 2011 at 5:22 pm |
  169. Karl in Silverton ID

    No, get a republican in there and the economy WILL get worse.

    August 8, 2011 at 5:24 pm |
  170. Sam Martin

    Sure, a good chance. Why not? Republican's seem to have a criteria of you must lie, act stupid/or be it, and anything goes to kill his Presidency, even hurting the country. Republican's are more a faith than a party to many of us. I think Obama is a weak President. But if my choice is between weak and someone who does not care at all, I will go with weak. Get a program to rebuild the country and hire people, and I might change my mind. But citing a new NAFTA type idea and retaining tax loopholes for big shots/business does not cut it. Sigh...

    August 8, 2011 at 5:24 pm |
  171. Tom Allen

    Do not ever re-elect an encumbent to any office – President thru dog catcher. We have in Washington an elite politco group just like they had in the former Soviet Union, members of which had economic perks not available to any other citizen because they make laws only beneficial to themselves and the hell with the rest of us.

    August 8, 2011 at 5:25 pm |
  172. Mike, NH

    If this does kill Obama's chances it's the silver lining to the dark cloud.

    August 8, 2011 at 5:26 pm |
  173. deborah ballweg

    Since he is out having a party and raising funds, the equivalent of fiddling while Rome burns, it is clear his ONLY agenda is reelection. I hope I don't have to vote for Michelle Bachmann.

    August 8, 2011 at 5:27 pm |
  174. Carl

    Obama doesn't deserve to be re-elected. Having said that, I don't feel that there is a politician out there that's worth voting for, we are in trouble, very deep trouble. This worthless new definition of a politicians being, corrupt, self serving and answer to only the lobbist's and the people that line there pocket's with blood money, is a very sad and dangerous situation for our country to be in right now. In my opinion, our one and only chance of surviving these idiots, is a revolution. Or, our once great country needs to fall on it's face, and start totally over, with a completly new form of government. Until this happens, it's only going to get worse for what's left of the working middle class people

    August 8, 2011 at 5:28 pm |
  175. Sang Ze

    Elections have obviously not worked. No one, republican or democrat, seems to care a whit for the citizens who so stupidly elect and reelect them. The president is so timid and frozen in place, he might as well stay out on the golf course. He offers no vision, no plans, nothing. His opposition doesn't care how much they destroy as long as the president fails. Further, it is clear that money, especially corporate money, has corrupted the entire system. The only possibility for change is a serious display of citizen wrath. A march of millions on Washington, and perhaps a take-over of the mall similar to the move made in Egypt, might wake up a few of the self-serving sluggards, but I fear some form of revolution is the only thing that will actually produce results.

    August 8, 2011 at 5:28 pm |
  176. Sandra Parks

    Why would Presiden Obama want to continue as president of the United States? Why bother? You have the Tea Party to show you the right way? He did the best he could do with the hand he was dealt.
    Put your Tea Party Friends in power and see what happens.

    Sandra Parks
    Mount Olive MS

    August 8, 2011 at 5:28 pm |
  177. Darrel Kelley - OKC, OK

    No. Those of us who think for ourselves understand that this is NOT the President's fault. He inherited much of the current deficit from the Bush Administration, the financial woes on Wall Street, the ongoing wars in the Middle East, and the tax cuts that left the country with lower revenues. We also know that the current "crisis" was precipitated by freshman Congressmen who care less about Americans than they do about winning.

    The only way to fix this is to RE-ELECT both the President and a saner, more reasonable Congress.

    August 8, 2011 at 5:28 pm |
  178. Doris Carder,

    It sure isn't going to help. We need to make it clear there wouldn't be a tax on everyone, just the rich. The right keeps saying that's where the jobs are going to come from, so can't tax them. GE is going to start 2000 new jobs! Before we start to cheer, THEY ARE IN CHINA. I'd like to know how the right and the 'speaker of the house can explain than."
    Don't make it too hard on him, he'll cry.

    August 8, 2011 at 5:29 pm |
  179. Mark, Oklahoma City

    Jack, if Obama had a "shred" of descency, he would announce NOW that he has NOT done the job he was hired to do and will not seek re-election. But, he wont because he knows that no matter how screwed up the country is in 2012, that there are a certain percentage of voters who will blindly go to the polls and like robots pull the lever for him and all the other incumbent losers in Congress who put us in this mess. I no longer blame Congress and the President. WE are to blame.

    August 8, 2011 at 5:29 pm |
  180. PiedType

    I'd say yes, but right now I don't see a tolerable alternative anywhere, in any party. Maybe we should just vote no and leave the White House empty for a while.

    Susan
    Denver

    August 8, 2011 at 5:30 pm |
  181. Ronda (from Canastota, NY)

    Unfortunately it is, Jack, if for no other reason that all this is happening on his watch. The real problem is that Congress has too much power, to the point that the president is becoming no more than a figurehead or a pep-talk coach when things are going badly for this country. The President of the United States, whether it's Barack Obama or anyone else, needs to be able to exercise more decision-making power as a leader, especially when it's almost impossible for Congress to agree on anything. One way Congress' power can be reduced is by implementing term limits. Until that happens, absolute power corrupts absolutely.

    August 8, 2011 at 5:30 pm |
  182. Sandra Parks

    Community Organizer? You bet. At least he did something for people instead of gripping all day long about what should have, could have, would have been the right thing to do. Community Organizer? He tried!

    August 8, 2011 at 5:30 pm |
  183. Rene Lawand

    As an objective observer I may see things clearer than most US citizens.
    The right wing, Republicans and their offshoot, The tea party have shown the world what is wrong with the US. In the past 2 1/2 years they have not once acted reasonably. Barak Obama, although a bit weak, has valiantly tried but the refusal of the republicans to work for the good of the country, have worked for future power. Obama is a phenomenal futuristic leader and it is sad the way he has been treated. He should be re-elected. Shame on the Republicans. It appears they are bent on destroying a once great political and economic world leader in the name of power . How Sad!

    Rene Lawand – Canada

    August 8, 2011 at 5:31 pm |
  184. June

    We can only hope Jack, we can only hope.

    August 8, 2011 at 5:31 pm |
  185. CB, Baltimore

    not to me, i thank he is doing a good job with the congress he have to deal with. they already said they want him out. when i hear the tea party/ republican party say that, you are telling the people that you will make it hard on the President to move forward so he will lose votes.

    August 8, 2011 at 5:31 pm |
  186. JTALMAGE

    What is hurting the Presidents chances are the promish that Mitch McConnel made from the very beginning... Their main agenda is to make Obama a one term president. These people don't care about the economy. It works better for them when its in decline.. And the tea party people are the worst I have ever seen in our congress.. And I have been following politics for 50 years.... Jay Las Vegas, Nev.....

    August 8, 2011 at 5:31 pm |
  187. Roi

    If the economy doesn't kill President Obama's chances of winning a second term, then those voting for him have no intelligence or common sense. If you have any understanding of economics, vote Republican so we can get this country turned around. I sincerely hope that this failing economy will ensure he will be a one-term president.

    Roi
    Belton, TX

    August 8, 2011 at 5:32 pm |
  188. Zach S

    I'm tired of the speeches about how "great America is" and how the "strength of the American people" will see us through this crisis. How about some real world solutions on how he plans to fix things?

    August 8, 2011 at 5:32 pm |
  189. Allan Chicago.IL

    Work on this term please and quit worrying about your re election its so disgusting and resign your becoming a joke do your job don't you see past that hell hole washington run this government now not after 2012.

    August 8, 2011 at 5:48 pm |
  190. Renee Peoria,Ill

    Depends, has the GOP found a viable candidate yet? I'm a lifelong Independent who voted for Obama and like a lot of others I'm not happy with him. I thought I was voting for a strong Democrat. Instead we got a doormat who's let the Republicans walk all over him. But I'm not voting for some crazy extremist which seems to describe the majority of the GOP field these days. If they don't come up with a strong alternative (I would seriously consider Ron Paul) I'm going to do what I've done in pretty much every election; vote for the lesser of two evils. Right now, that's still Obama. I've decided to pin most of my hopes on 2016 and hope Hillary runs again.

    August 8, 2011 at 5:49 pm |
  191. Michael Roepke

    The Republicans would say yes. In fact, they believe that they could win even if they ran a corpse. The good news for President Obama is that they just might.

    August 8, 2011 at 5:50 pm |
  192. Rudy Padgett

    Obama is such a convincing liar., so he will come up with this "Yes, we can!" crap. The economy should hurt him-his re-election- but it won't..The best thing Obama has going for him now is that the Republicans or Tea Party has no one good enough to oppose him.

    Rudy
    Roanoke, VA

    August 8, 2011 at 5:50 pm |
  193. joi c.

    The economy is not going to kill Obama's 2nd term, listening to idiotic Tea Party members instead of the American public will kill his chance. I personally stand behind Obama, a human being can only do so much and he is by no means a super hero. The Tea Party is so intent on getting a BLACK MAN out of the Whit House they are stooping to the lowest of lows. Why in the world did 1/4 of the American public vote them in? I bet those handful of people wish they had voted differently now. The Tea Party bottom line are poison for America just like Hitler was posion to Germany, Sadam Hussien for Saudia Arabia the same for the Tea Party. The big difference is that they are not even the head of our nation, my only complaint with Obama is STAND UP to those bullies! As long as you do what they say they will continue to lead us in the wrong direction because they want Obama to fail. Even though Obama has started I believe one of the best deals in history 'The Healthcare Package', they still are finding some fault with that too. GET RID OF THE TEA PARTY NOW, AMERICA DEPENDS ON IT!

    August 8, 2011 at 5:52 pm |
  194. Iris in L.A.

    As long all of the Republican candidates keep falling all over themselves to move as far to the right as possible, President Obama has nothing to worry about.

    August 8, 2011 at 5:53 pm |
  195. Michael in Albuquerque, NM

    No, the economy is killing the republicans chance of ANY term. S&P's explanation of the reasons for the downgrade was five pages long, but it boiled down to three letters-G O P. It's not like credit ratings agencies are in the habit of criticizing Republicans. But they must feel compelled to say something when the Republicans stop being tools of big business and start being just tools, period. S&P's explanation said that "The statutory debt ceiling and the threat of default have become political bargaining chips." Worse than bargaining chips, really-they've become gambling chips. And Republicans are willing to gamble everything. S&P also criticized the intransigence about revenue enhancement. S&P said "new revenues have dropped down on the menu of policy options." No, actually new revenues have dropped right off that menu. There are no new revenues on the Tea Party menu. You can have one item from column A. and th at's it. There is no column B.

    By the way, the original draft press release from Standard & Poor's included projections that overestimated US debt by $2 trillion. Boy, don't you hate it when you put the decimal point in the wrong place? Or on the wrong page? Nice going, S&P. Next time you deliver a lecture to somebody about them getting their act together, try not to include any $2 trillion errors in it. And, didn't S&P give AAA ratings for those mortgage backed securities that caused the collapse in '08? Hell of a record for credibility...

    August 8, 2011 at 5:54 pm |
  196. Marguerite

    From Seattle:

    Without a doubt yes but when you compare his performance on the debt issues to that of any of the Republican candidates, he would get a C grade from me and the Republicans would all get F– so he still looks like the best game in town and that is really a frightening picture of the state of our government.

    August 8, 2011 at 5:54 pm |
  197. Dave, Orlando, FL

    No. None of those dire statistics mean anything in today’s politics. I used to say that Clinton was the best politician we will ever see (not in a positive sense), but Obama can run circles around him – look what he did to Hillary. He will get his second term even if no one remembers it was the Tea Party nuts who ruined our credit rating. Besides, he will be opposed by either a lunatic or a special interest junkie. So what’s the difference. Either way we can look forward a fourth Bush term.

    August 8, 2011 at 5:54 pm |
  198. Jeff In Minnesota

    The economy sure isn't doing him any favors Jack. However, his own administration also hasn't done him any favors either. I voted for the President in 2008 because I really thought he would be a breath of fresh air for Washington. However, his lead from behind attitude has just totally put me off. His speech today regarding the S&P downgrade caused the market to drop 150 points in less than a minute. The President should be pointing the way to how we get out of this mess and he keeps blaming Bush for the mess he left and the Republicans for putting forth plans. I don't see a lot of plans put forth by the Executive branch and that is the problem. The Executive branch should be leading, not the Congress. I guess the President's advisers think it's better for Congress to take the fall. However, in the end, thanks to no one leading, everyone will take the fall.

    August 8, 2011 at 5:55 pm |
  199. Katy in Naples

    Obama didn't create the problems of our economy, he inherited them. What is happening has been a catastrophe in the making for years, not only for American finances, but for many Americans and their own personal finances. However, it is easiest and most convenient to blame the incumbent president. If we are the democracy we say we are with a system of government of checks and balances, then one person should not be to blame for the mess we're in. Who's too say what may happen in the next 17 months.

    August 8, 2011 at 5:58 pm |
  200. Linda Spad

    Norwalk, Ia

    Jack, Hell, yeah the economy is making difficult for Obama to get a second term. More importantly.....I'm praying it's killing congress' encumbents from being re-elected. They'll never let this country be blessed with term limits. Please God, Hear our prayers.

    August 8, 2011 at 5:58 pm |
  201. Michael from Raleigh, NC

    It would be killing his chances if the GOP had put forward a reasonable candidate. As long as the Republican candidates have to pander to the extreme right of the Tea Party, President Obama's chances at a second term remain golden.

    August 8, 2011 at 5:59 pm |
  202. Nick

    It doesn't matter what the average voter thinks because I can guarantee that they don't even know what is happening! We are so ignorant as a people! I'm sure tea partiers will say he doesn't have a chance and Sara Palin would make better choices! In reality they don't even know what a stock market is and how it works! Just blame the guy in charge!

    August 8, 2011 at 5:59 pm |
  203. Mary Steele Yorktown VA

    With his blatant disregard for our laws and not kicking out 8 million illegal workers so we can get back to work, he should be impeached!!

    August 8, 2011 at 6:01 pm |
  204. Cee.La

    Jack......The Republicans in Congress have decided they are not going to support their president in anything.....he is their president too.all they care about is his failure......and our failure......we have an unprecedented [in my lifetime] economic crisis......it is not going to get done quickly.......I wont be voting for any of the GOP..........for anything........ever.

    August 8, 2011 at 6:01 pm |
  205. Janne from NC

    I think the correct question is is Obama's chance of a second term killing the economy ?

    August 8, 2011 at 6:02 pm |
  206. David Warwick R.I

    Its basicly his innability to be a leader.. Lets hope the American people will use their heads next election and not just vote on what the Liberals on the T.V say.

    August 8, 2011 at 6:03 pm |
  207. jim in Berry Ky.

    I would say that he propably doesn't want a second term after being kicked in the corner while a bad clown show is performing. However I would make sure there is not a six person super committee on a long term debt deal arrangement, INSTEAD A ODD NUMBER. This way there would be a unanimous decision throughout the group and not a tied up not that no one can get out.

    August 8, 2011 at 6:05 pm |
  208. Curt King

    President Obama was set up to be the fail president, ensuring no American of african heritage will be considered again for the highest office. Explain why a chicago lawyer with no real-world experience would be chosen by one arm of the corporate-political machine? A pretty face to be sacrificed, a movie prop - this is why I refer to him as President Wil Smith In His Most Dramatic Role.

    August 8, 2011 at 6:05 pm |
  209. Bill in Fort Davis Texas

    Who cares? Bush Lite is welcome to hit the road. If only I had voted for Hilary in the primary. She apparently has something the president does not. A set of... well, you know.

    August 8, 2011 at 6:06 pm |
  210. Ed

    I hope so!

    Only problem is that we do not seem to have anyone willing to run that is competent enough to be president!

    Nor do we seem to have anyone in the house or senate or any other senior government position competent enough to help the president!

    A wholesale replacement of all of them is in order and a randum selection (wheel of fortune style) I believe would be an improvement!

    What a sad situation we are in. I wonder what our forefathers would think of the mess we are in?

    I think maybe we have taken so good a care of our representatives that they no longer need us!

    August 8, 2011 at 6:10 pm |
  211. Bob in Texas

    If Obama loses it will be because his own party sabotaged him. Things are starting to look a lot like 1979 when the extremists of the Democratic Party sabotaged Jimmy Carter. The fact is, Presidents can campaign from the left or the right, but unless their party solidly holds both houses, they must govern from the middle. That means making concessions and compromises. If the Left Wing Lunatic Fringe within his own party doesn't get that, then they are the ones to be replaced.

    To be fair, Carter probably would have lost anyway, but Ted Kennedy and the far left turned out to be Ronald Regan's greatest allies. Whoever said, "Those who fail to learn from history are condemned to repeat it." Must have had the Democrats in mind.

    August 8, 2011 at 6:11 pm |
  212. bruce

    Perhaps, but it may also kill the Teaparty(the party of the most central of central bankers, the Rothschild clan) if folk figure out that a lot of the recent job loss is due to ripple effects from Federal and state payroll decreases. As of the end of March 2013 all bets are off as the Earth re-balances herself into a vertical spin, and collapses into a star.

    August 8, 2011 at 6:12 pm |
  213. JR Washington, DC

    "Suffice it to say if the election was held today he would be back organizing communities"

    Really, Jack? While I wouldn't rush to the polls to vote for President Obama again at the moment, I am not exactly enthusiastic about the Republican candidates either. Which of the geniuses of the right would you like to see in office? Mitt “Hey Guys, I am unemployed too” Romney? How about Sarah “I can see Russia from my house” Palin? Oooh I know lets go for Rick “Pray for a Solution” Perry!

    Sorry Jack, unfortunately the Republican candidates basically ensure President Obama’s re-election at the moment. However, you exhume the corpse of FDR or Huey Long and prop them up in a chair and you have a candidate I am willing to vote for!

    August 8, 2011 at 6:12 pm |
  214. Maggie from Scottsdale, AZ

    Since Romney, Bachmann, Perry and The Donald are JOKES, as are Behner and McConnel, and I wouldn't vote for anyone named "Bush" in my lifetime ever again, I'll stick with Obama. But for him to be successful in a second term, tap Hillary as his running mate and simply vote Democratic in 2012 to give him a majority in both houses..

    August 8, 2011 at 6:13 pm |
  215. Rick McDaniel

    No......Obama's handling of the economy is killing any and all chances of him being re-elected.

    Just today, he reiterated a laundry list of new spending, that is going to take us in totally the wrong direction, run up the debt, and make it impossible to avoid yet ANOTHER downgrade.

    He has not mentioned the one and only way to create jobs in America.......to reverse off shore flow of manufacturing, which is the ONLY viable way to create jobs......nor has he considered that it can be accomplished without a dime of government spending......indeed it will raise the revenues he wants, if he just passes severe penalty taxes, on American Corporations, who import their products from off shore.

    That would not only level the playing field with China.......it gives manufacturers the incentive to return to America, create jobs, and provide for the well being of Americans (and not Chinese, or some OTHER country.)

    At the worst, it takes away any incentive for any MORE manufacturers to leave the country, AND it will at least generate revenues for the "welfare party" to re-distribute to the unemployed.

    Of course.......no one in the administration has even hinted at any such proposal........and neither has the GOP.......but the onus is on the WH, to take action........and do it WITHOUT spending.

    August 8, 2011 at 6:13 pm |
  216. Elias

    Obama is the president but he is not liked by the rich people in this country and we all know by now people will not get jobs if rich people are not happy with the president,,,,

    August 8, 2011 at 6:14 pm |
  217. dan patterson

    If it is I, for one don't care. This is not a you have my back I have yours game. He was the first President to get a health plan passed he was in power as the first downgrade hit in the U.S raitings. If we go into another recesion what are people going to remember the most.
    Just like most remember Bush started a war however forget that 911 was the start of the war that hit our shores.

    August 8, 2011 at 6:15 pm |
  218. Rhonda

    Well, Jack, that's what the pundits say; that the economy will doom Obama.

    But I think that's ridiculous. First, there is no one with any better ideas. Second, we have had 12 years of give everything to the top and watch it trickle down, and it looks to me the trickle is quite dry.

    The problem is, Obama is powerless to do anything to change our direction. The Republicans filibustered a record 400+ bills in the Senate, and prided themselves in being the party of "hell no." Then they won the midterms and made a vow to Grover Norquist that they would never raise taxes. They vow to make govt smaller. They were perfectly willing to allow our coutry to default. How do you deal with a parn oppostion party such while trying to put the economy on track?

    Meanwhile, the media does not look fairly at that problem.

    Rhonda
    Atlanta GA

    August 8, 2011 at 6:15 pm |
  219. Pete Barney

    Not yet... I realize much the situation today is a result of the past two administrations but I think more leadership is required from him.

    We cannot solve our problems with the same thinking we used when we created them.

    – Albert Einstein

    August 8, 2011 at 6:15 pm |
  220. bobby bartram

    jack if president obama does not turn the economy around and very soon he has zero chance of being re-elected!i voted for him in 08 and i like him but he has not got the job done!

    August 8, 2011 at 6:15 pm |
  221. Tom

    As long as president Obama clings to the tired policies of our liberal past he hasn't got a chance. Unless, of course he has a "Nixon goes to China" moment and persuades the American public that it's in out best interests to scale back entitlements, adopt means testing, and start facing the reality that we can't sustain the road we're on.

    August 8, 2011 at 6:16 pm |
  222. Susan from Idaho

    Nope, the GOP doesn't have one viable candidate warming up in the bullpen.

    August 8, 2011 at 6:16 pm |
  223. azor

    Nope. President obama is not at fault. This is something he inherited from the previous president.

    August 8, 2011 at 6:16 pm |
  224. Sam

    I certainly hope so.

    August 8, 2011 at 6:17 pm |
  225. Nino

    NO!! it's not the economy; it's the presidents obvious inability to handle the failing economy that is killing his chances for a 2nd term.
    Giving empty speeches that simply restate the problem and do little more then attempt to blame others is not a solution. It's time for this president to Man up and be the president, be a leader, take a chance and actually put forth an idea that serves the country rather then the left or right and one that also includes some specific. In 2008 the man told us he could DO it; it's time he Do it.

    August 8, 2011 at 6:17 pm |
  226. David

    I think his chances of re-election are long gone. His failure to take charge, keep promises and being engaged have cost him dearly......

    August 8, 2011 at 6:17 pm |
  227. Darren

    Have you seen who's running against him. Mr. Obama could get caught in bed with Satan and he'll get re-elected.

    August 8, 2011 at 6:17 pm |
  228. KC in Seattle

    Lord I hope so!!

    August 8, 2011 at 6:17 pm |
  229. Pam Maas-Maciak

    Joblessness, the economy and lack of leadership are killing his chances of being re-elected. It will be deserved.

    August 8, 2011 at 6:17 pm |
  230. David

    I think the American people are smart enough to realize that the intransigence of the Republican Party has hampered the administration's efforts to improve the economy.

    That's why Obama's popularity is just as high as Reagan's was at this point in his term. I don't think the president is losing sleep over 2012.

    August 8, 2011 at 6:17 pm |
  231. Hawk

    Without a doubt and the only way to turn this situation around is to eliminate the motivation...greed. Three words Mr. President, "balanced budget amendment".

    August 8, 2011 at 6:17 pm |
  232. Stephanie Cox

    It is President Obama's policies that are killing the economy.

    August 8, 2011 at 6:17 pm |
  233. Bre

    I won't be voting for him. He is in denial of what is really happening in America! I want a President who is actually FOR AMERICA and not making decisions AGAINST US!

    August 8, 2011 at 6:17 pm |
  234. Jackie

    Nah, he'll get reelected despite the economic problems. You can thank the Republicans for that. They can't seem to put together a viable candidate for the life of them. If you put President Obama next to the folks they currently have running, he still looks like the sane one in a bunch of loons!

    August 8, 2011 at 6:17 pm |
  235. Gene

    I certainly hope so. I know I can't afford much more of this. Is it all Obama's fault? Of course not. He certainly hasn't helped anything though.

    August 8, 2011 at 6:18 pm |
  236. mike

    It is not Obama's fault I blame Bush/Cheny

    August 8, 2011 at 6:18 pm |
  237. Jumma

    It's all about economy Mr. President.

    August 8, 2011 at 6:18 pm |
  238. Ron

    The economy isn't killing Pres Os chances, HE IS!

    August 8, 2011 at 6:18 pm |
  239. Dalton Mason

    The funny thing about American presidents is that domestic problems usually get blamed on them. When hope seemed lost in the war on terror it got blamed on President Bush. The economic downturn is going to hurt President Obama's chance at a second term. You can hurt our spirit but not our wallets.

    August 8, 2011 at 6:18 pm |
  240. Ken

    Obama will face challenges, but compared to the Tea Party mentality he does offer some home. Especially if the Republicans stop being afraid of the Tea Party and their Tea Party Downgrade they have brought us.

    If you don't think Obama can win, look at the Republicans running for office.

    August 8, 2011 at 6:18 pm |
  241. David Hoyt

    I hope so.

    August 8, 2011 at 6:18 pm |
  242. Joe in Arizona

    Jack,

    He killed himself. He offered change and gave us change. Change from bad to worse.

    August 8, 2011 at 6:18 pm |
  243. JT

    No. The alternatives to Obama are too scary.

    August 8, 2011 at 6:18 pm |
  244. AB

    It would depend on who the challenger is from the republican side. As an independent, I am not thrilled by any of the current candidates. If any of them are successful in getting the republican nomination, President Obama has my vote.

    August 8, 2011 at 6:18 pm |
  245. Tom in Maine

    Jack, of course the economy is affecting Obama's chances of reelection. That's the plan. The right are so desperate to regain the WH that they are willing to put us all at risk. What is going on in the markets right now is by design in my opinion. They causes this crisis and they are willing to ride it all the way to 2012. Indefensible.

    August 8, 2011 at 6:18 pm |
  246. Roselyn Crewse

    I believe that the GOP and the Tea Party especially vowed right after President Obama's election that he would be a one-term president and they will do whatever it takes to destroy his administration. They just can't handle the fact that he is a Democrat and black to boot. They were just as upset when President Clinton was elected. In his case he was a Democrat and did not come from the Good Old Boy Network. I pray the voters have some sense and see what is goingon.

    August 8, 2011 at 6:19 pm |
  247. Adrian

    This mess was started by the 8 year Republican agenda. Obama inherited a nightmare and because our own public is so impatient, they screw up the election by putting republicans in the house to gum up the works. Every single time the Dems have a chance to pull this thing outta the ditch, they are thwarted by the general public who don't understand the work that needs to be done.

    August 8, 2011 at 6:19 pm |
  248. Kathe B

    No, because there is no competition. After the last fiasco over the debt ceiling I don't think I could vote for a Republican any time soon. I do not blame President Obama for the current economy. Rather it was the deregulation and tax cuts under President Bush that caused the situation that Obama inherited. No one could do a better job than he is doing.

    August 8, 2011 at 6:19 pm |
  249. Gary

    No you, and others, are killing him with statements like he better "turn this thing around" if he wants to be re-elected. Everyone knows it's not in one person's hands. We all might have a chance if we worked together.

    August 8, 2011 at 6:19 pm |
  250. Ken Mitchell

    Let's make 2012 a "Special Election", we'll call it "No Incumbents Left Behind"...that goes for Republicans, Democrats, and Obama. The congress is a joke, Obama is way over his head and has chosen to surround himself with the financial criminals that caused this mess. If any one of them had an ounce of decency, integrity, honesty, morality, honor, thet would resign and save us the trouble...

    Ken, Colorado

    August 8, 2011 at 6:19 pm |
  251. Nelima

    Surprised you would ask this. Do Americans have such a short memory that they would want the Bush policies that brought us these problems, back? Come on America! The Republicans have nothing to give us at this point.

    August 8, 2011 at 6:19 pm |
  252. Bernard McIntyre

    Absolutely, and sadly it comes much too late for the damage doen by Obama is enormous and will not truly be seen until he is thrown out along with his minions for only then will the truth stand forth for all too see.
    bernard, Hot Springs, AR.

    August 8, 2011 at 6:19 pm |
  253. Amet

    it hurts and the worst thing is that it is not OBama's fault. It started before Obama and they can't use it against him but it is politics . A year is long to fix his rating. At least Bin Laden was killed during his term so that can help him, it is just a mess. This is what happens when you give this great nation of ours to the Republicans for 8 years. I should start considering CANADA

    August 8, 2011 at 6:19 pm |
  254. Jacqueline

    Obama has nothing to worry about. Anyone who has any sort of brain KNOWS that the economy is a result of the Reagan Bush Era and the BS the republicans add to the mix. Under any other president or current candidates we would be much worse off. The country never got out of a recession if you want to really acknowledge the truth of things. People have been out of work for ages.. and for some its been a depression for a long long time. Obama is steering the ship the best way a ship can go through very rough waters.

    August 8, 2011 at 6:19 pm |
  255. Joe A from sarasota FL

    Jack, Obama will lose for the following: Jobs, Jobs, Jobs. In addition he is not a leader! he has no clue what's going on out here. He is consummed by re-election! This was an easy fix, but between he and Harry Reid they let their ideology get the best of them. he came in with a AAA rating and will leave with much less than AA!

    August 8, 2011 at 6:19 pm |
  256. RAY

    No, its not the economy. Its Obama himself. Total lack of leadership at the top. As my grandpa once said about another politician,"he couldn't lead a thirsty mule to the creek." That seems to say it all.

    August 8, 2011 at 6:19 pm |
  257. Pete Parise

    Since Obama's first term is killing the economy, perhaps turn-about is fair play!

    August 8, 2011 at 6:19 pm |