As the months roll by, we have more data rolling in as we close in on the November election. Despite some reason for optimism at the start of this year, there is no doubt that the economy is stalling again – making Obama’s job more tenuous.
How bad is it? We won’t know until we get there, but the latest job figures show that we’re treading water. It could be worse – we could be drowning. Whether that’s a good enough case politically won’t be known for a few more months. But so far we know the economy is not a good bet.