With eight months until voters hit the polls, the re-election of President Obama looks more likely than ever, thanks to the escalating recovery of the stock market and economy, say analysts, and may soon make the bad times of 2009 and 2010 the distant past for many voters.
“The president’s position has improved greatly due to the performance of the economy and the stock market,” says Bill Frenzel, a 10-term, moderate GOP congressman from Minnesota, now with the Cato Institute.
Similar circumstances helped Presidents Ronald Reagan and George W. Bush win re-election, but Obama may have an additional edge in that his Oval Office predecessors had recessions begin on their watch.
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