The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( TheStreet) -- President Obama is worried about the effect that high gas prices will have on his re-election. It's the old problem of pain at the pump having a knock-on effect at the ballot box. If American voters are keeping close tabs on what's been going on in America, Obama won't have to worry about collateral damage from high gas prices, because his re-election possibilities will be as promising as Jimmy Carter's and for the same reason. The nation has been steadily declining on his watch.
|Obama outlines his fiscal policy.|