Posts Tagged ‘Obama’
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Tags: chart, election, Obama, Senate, unemployment, wages
On one hand, as the Wall Street Journal observes,
For President Obama, the steep ascent of the unemployment rate heading into the 2010 midterms made it tough for Democrats to call for patience while the economy healed. But the economy in the past three years has been on a much rosier trajectory.
On the other hand,
Wages are the weakest part of the current economic recovery, as is evident by this chart. Virtually every midterm election since 1994 has seen better wage gains than what many Americans are currently experiencing. Weak wage growth can weigh on voters–and on a president’s approval ratings.
And the bottom line? Nate Silver continues to have the Republicans as slight favorites (59.4 chance) to win the Senate.
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