Higher unemployment translates into higher donations to the Obama 2012 campaign. Who says his economic policies aren’t achieving their goals?
An Associated Press analysis of Obama’s fundraising since April found his supporters opened their wallets more often this election cycle in places with the worst unemployment rates. That’s compared with the same period four years ago, just months before the country was thrust into a major recession . . . Among Obama’s supporters, however, there has been an uptick in donations from Democratic- and Republican-leaning counties, even as more than 1 in 10 people are out of work in those places. In the Detroit area, where unemployment has exceeded 14 percent, supporters wrote hundreds of more checks — albeit in smaller amounts when adjusting for inflation — to Obama’s campaign than the same period in 2007.
By the way, how many years of consecutive high unemployment and low growth are required before a president has to stop bragging that he “prevented another great depression”?