Monday, July 2, 2012

Obama's bad month?

The pundits told us what a disastrous month President Obama endured in June.

His political obit was being written by those who have plenty of practice at it.

Funny thing is, though, Obama's numbers are getting better not worse.

The national polls and battleground polls show that Obama's slight lead didn't contract, but expanded a tad.

More importantly, though, Intrade shows bettors favoring Obama by a wider margin over Mitt Romney. Obama's Intrade numbers rose from a low of around 52 in early June to about 56 today.

It's hard to say what the Supreme Court ruling on Obamacare or immigration had on these numbers.

The Mitt-wit can't seem to fully capitalize, other than raising more money, on these hot-button issues because he has no plans himself.

Still, economic numbers, like manufacturing, are not encouraging for the president.

Economists say that the slowdown in China and Europe is now affecting the U.S.

Like most things, the economy is a mixed bag of data. The question for Obama is whether a weak recovery is enough to hold off the Mitt-wit in November.

As of now, Nate Silver shows Obama's chances of winning re-election up to 68.6 percent, which is a jump of 7.3 percent since June 25.

As they say, stay tuned.

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