Saturday, May 23, 2009

Blue And Red State Unemployment Rates

The unemployment rate in so-called Blue States are still extremely high in America. These are states that President Obama won by a large margin in last year Presidential election. The unemployment rates in blue states are 20% higher than red states that Sen. McCain won in last year Presidential election. The unemployment rate nationally is 8.9% but if the number don't start improving soon the Democratic Party may face the prospect of 2010 mid-term election losses in both Governor and congressional races. The Republican and Democratic Party are vying at 40% to 39% for leadership in the Rasmussen conducted generic poll. Rasmussen says that Democratic support has dropped for a high of 50% and Republican support has risen from a low of 34%. Democrats began the year with a seven point lead over Republicans for the first several weeks of 2009 Rasmussen Said, that began to slip and the Republicans actually took a two point lead in the middle of March. Since then, the range has been dead even to a four point lead for Democrats until the Republicans regained the lead. The key to the mid-term elections is the President approval rating matters more than economy and Congress itself in determining the outcome of mid-term election results. The President will need to have a 65% approval rating to avoid losing ground in Congress in the 2010 mid-term elections. President Obama average approval rating is 60% the same a President Jimmy Carter at the same time in history. There is a big risk that states that voted for President Obama might be disappointed by his economic results so far. The state of Michigan has been hit hard by the failures of Chrysler and General Motors failure despite spending billions of taxpayers dollars. The state of California is on the the verge of economic collapse and has a 11% unemployment rate in March and April and Governor has threatened to fire 5,000 state workers to reduce expenses is face of a 21 billion dollar shortfall. This is why today in a forum Treasury Secretary Geithner was reducing expectations when it comes to a economic recovery. Geinther said that unemployment rate will not drop and the economic recovery will not be felt by the Average American for a long period of time.

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