How low do you predict the Bush approval rating will dip by the election of 2008?
And what factors do you see supporting this?
Obviously, the opinions will be very subjective but I though it might be interesting to look back on the predictions in the future to see who gets closest.
My own guess: 22%
Basis: I don't think there will be much good news to help out his approval ratings, and chances are that quite a few things could make them worse. Even so there are a few hardcore supporters that will not change their views (about any President, leader, etc.), so going below 20% seems almost impossible.
Major components/events I expect between now and then:
Recession
Housing bubble deflation accelerates resulting in record defaults (and contributes to recession)
Oil/energy prices continue long term trend higher (contributing to recession)
Combination of budget deficit and trade deficit reduce foreign investment in U.S. bonds and securities
Another very active hurricane season with major damage again both to housing and oil production and/or refining
Another embarassingly mismanaged response to a natural catastrophe
Increasing budget deficit (see housing, oil, recession.)
Medical costs and uninsured levels begin hitting the middle class in a big way
Greater acceptance and growing fear of global warming impacts
GOP turns on Dubya trying to distance themselves in 2006 and 2008 (already starting)
Stockmarket pulls back considerably erasing 1 to 2 trillion dollars in paper wealth.
Iran or North Korea go nuclear on Dubya's watch
Iraq civil war quagmire continues--national sentiment changes to getting out ASAP
Yes, I have a negative assessment of the economy at the moment (and that's why I have liquidated all but ~2% of my stock positions--it was a nice run, but I don't like the look going forward.) I would be interested to hear what those with rosier assessments expect over the next 2.5 years (good and bad.)




Reply With Quote















