President Obama is still in his honeymoon phase. I doubt we'll see much decline in his very high approval ratings -- in the 61% range -- in the first 100 days. We may see a slight decline in his approval ratings in the first year, but it's not serious or particularly relevant until the fall of 2010. If he's below 53% by then -- that was his margin of victory -- he could lose support in the midterm congressional elections. If there is no sign of the recession ending by then, if the stimulus has had almost no impact on job growth or economic expansion, and the debt is mushrooming, you may begin to see a loss of confidence in his leadership, and desire for a "mid-course correction."

My guess, however, is that by mid-2010, we will see start to see recovery.
Source(s):
My blog:
http://jimbuie.blogs.com/journal/economics-social-security.html


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