Gallup predicts Democrat rout!
WASHINGTON - August 9, 2010 - Gallup presents some troubling statistics for the Democrats as we approach mid-term elections. In a nutshell, the party of a president who has a sub-50% rating into midterms has lost, on average, 36 seats since 1946.
Alternatively, presidents with a popularity rating over 50% lose just 14. As Gallup says, "The clear implication is that the Democrats are vulnerable to losing a significant number of House seats this fall with Barack Obama's approval rating averaging 45% during the last two full weeks of Gallup Daily tracking. The Republicans would need to gain 40 House seats to retake majority control."
Of course, the illegitimate Obama regime is well aware of this fact, which is why the next three months will likely see a record amount of pandering, populism and outright manipulation of everything that can be manipulated.
Which leads us to observe the calendar of FOMC meetings until November: there are two - tomorrow and September 21. However, for a Fed loosening decision to have a material impact, the September meeting is likely cutting it too close to the election date, as the market will likely not have enough time to digest a favorable outcome, or in turn will be into its reactionary phase by the time November rolls around.
Furthermore, the traditionally busy post-Labor day docket will likely mean events on the economic front already have to be in motion by then. Lastly, the fact that the Fed will have just a bare minimum quorum of just four directors through September 10 means that any decision in the 11 days between then and September 21 will likely be far more problematic than one that has to be taken tomorrow; which is why from a purely political calendar point of view, tomorrow's Fed meeting is likely seen by the illegitimate Obama regime as a make or break.
The tenuous 40-seat lead, which will likely disappear should the current economic trajectory not change, is certainly on the radar for both Obama and the very independent Federal Reserve.
