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Foreclosures to Hurt Obama’s Chances for Reelection in 2012?

When it comes to winning a presidential reelection, there are many deciding factors the voters use when determining which way to vote. Obviously, they look at the opposing candidates as well as the current success/failures of the President seeking reelection. Considering the incredibly high unemployment rate, painfully-slow debt ceiling agreement, and the ridiculously high number of foreclosures since he stepped into office, Obama may be facing a rocky road ahead of him in his reelection pursuit.

If you poll the average American and ask him or her if they believe Obama will obtain reelection in 2012, the votes are likely to be very mixed. Some people strongly believe that Obama will definitely win his reelection, even to the point of calling it guaranteed. However some people believe that Obama may not even seek reelection, despite the kickoff of Obama’s reelection campaign. Clearly, the verdict is still out on whether or not Obama will still be living in the White House after the 2012 elections.

What, exactly, does the high number of foreclosures have to do with the reelection? In one word-everything.

There are several states that will be key players at the polls in 2012 when their residents cast votes on who will be the president for the next 4 years. Unfortunately for Obama, many of these states have been the hardest hit by the foreclosure crisis.

Take the following situation into consideration:

Imagine you are a Nevada resident and you and your family and friends have suffered greatly over the last year with an inability to get a job with the 9.1% unemployment rate. As a result of the bank practices and your drastically declining income, you and several of your close friends have lost their homes to foreclosure. All around you are signs of suffering and it appears as though the Obama Administration is not doing enough to alleviate your struggles throughout this crisis. With the 2012 Presidential Election quickly approaching, will you be voting for Obama or his opponent?

Nevada-like Florida, Arizona, Michigan, and Ohio-has been hit hard by the real estate market crash. These 5 states have a huge role in the upcoming election as they make up 80 of the 270 electoral votes required for victory. As a result, foreclosures could definitely affect Obama’s chances of obtaining reelection, especially if residents of these states are jaded by the continuously bickering Obama Administration and slow efforts to improve the economy and unemployment rate.

In conclusion, Obama definitely has a tough road ahead of him if he is seeking reelection and should be focusing in on these 5 swing states that have been slammed by the real estate market crisis and high unemployment rates.

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