This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Economic Gains May Not Help Democrats Much In 2014

While the Fed's program could still ignite inflation, so far it has helped encourage business and consumer spending and housing purchases and has helped lift stocks, with the Dow industrials roughly doubling since Obama took office.

Trying to take credit for economic gains can backfire on a president, analysts in both parties agree.

Democratic strategists James Carville, Stan Greenberg and Erica Seifert concluded from focus-group sessions with both Democratic and Republican audiences that Obama fares far better in speeches when he highlights economic progress without taking credit.

People "are very much on edge financially ... because they live it every day. Every speech needs to start from a place that understands this is not theoretical or ideological," they wrote in a policy memo. Obama must "thread a very careful needle," they concluded.

Republican consultant Rich Galen said presidents in general â¿¿ and Obama in particular â¿¿ tend to take disproportionate responsibility for economic advances. "Although we know from the data that the economy is creaking ahead, it certainly isn't booming â¿¿ with so many people who continue to be out of work. Everybody knows somebody who doesn't have a job," Galen said.

Americans don't like it when presidents pound their own chests rhetorically or talk up their accomplishments, says Ross Baker, a political science professor at Rutgers University. "Americans would say, 'Well, that's our judgment to make, whether you're doing a good job or not.'"

"Facts speak for themselves," Baker said. "If things are good, you don't really need to make any extraordinary claims. Nobody notices a sunny day. But when it rains, you've got to get an umbrella, put on a raincoat. Psychologically, it's a very different kind of situation."

Obama also believes his major health insurance overhaul, now known by opponents and supporters alike as "Obamacare," will keep down health care costs in the years ahead. Republicans disagree.

___

Follow Tom Raum on Twitter: http://www.twitter.com/tomraum

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs