Morning Examiner: Democrat delusions driving Obama bounce
September 28, 2012 | 8:11 am
Senior Editorial Writer
President Obama has surged ahead of Mitt Romney nationally and in a slew of important swing states since the Democratic National Convention. His current 4 point lead over Romney in the Real Clear Politics poll average is his biggest since depths of the Republican primary this April.
But what is driving this Obama resurgence? Are Republicans losing faith? Are independents leaning to Obama? Nope. Obama’s entire bounce seems to be coming entirely from a surge in Democratic enthusiasm. Gallup, who currently shows a six point Obama lead, reports: “Voter enthusiasm in [swing] states has grown among members of both political parties; however, Democrats’ level has increased more. Thus, whereas equal percentages of Democrats and Republicans were enthusiastic in June, Democrats are now significantly more enthusiastic than Republicans, 73% vs. 64%.”
And why are Democrats so enthused? Well, apparently, they think the economy has suddenly become awesome. Gallup also reports: “Democrats’ economic confidence continues to grow in the second half of September, building on a sharp increase that coincided with the Democratic National Convention. … Democrats’ 10-point increase in economic confidence last week contributed to the overall Gallup Economic Confidence Index’s holding steady near the highest level seen this year.”
However, Republicans and Independents do not share the Democrats’ assessment of our current situation. According to Gallup, “Independents’ economic confidence dropped four percentage points in the week ending Sept. 23, tempering a sharp increase in the group’s economic confidence that also coincided with the start of the Democratic convention. At the same time, at -60, Republicans’ overall confidence in the economy declined, and is once again tied for the lowest it has been since November 2011.”
So while some Independents also experienced a brief departure from reality after the Democratic National Convention, they have since come back to earth. The Democrats, however, are still in fantasy land. Meanwhile. back in the real world, The Wall Street Journal reports:
The U.S. economy remains shaky, with threats looming at home and abroad, manufacturers mired in a slump and overall growth tepid.
The economy’s precarious position was underscored Thursday by a pair of government reports. Orders for durable goods—long-lasting manufactured products such as cars and televisions—tumbled 13% in August from July, the biggest monthly drop in more than three years.
The manufacturing slowdown would be less worrisome if other segments of the economy were firing on all cylinders. But another report Thursday provided a separate reminder of how weak the recovery has been. Gross domestic product, the broadest measure of all goods and services produced, grew at a 1.3% seasonally adjusted annual pace in the second quarter, the Commerce Department said, down from its previous estimate of 1.7% and slower than the first quarter’s 2% pace.
We’ll see if Democrats can ignore economic reality through election day.