The latest Gallup survey shows that 47 percent of Americans now say they approve of the way that President Obama is handling his job. This is a 5 percent improvement since the Dec. 16-18 Gallup survey and marks the first time the President's numbers have been in positive territory since July.
With economic numbers beginning to trend higher because of Bernanke money printing, more are becoming satisfied with the way the President is "running" the country. BUT, price inflation will not be far behind. Indeed, the price for a barrel of West Texas Intermediate oil is likely only a day or so away from breaking above $100 per barrel.
Will voters have improving Fed manipulated economic data or rising gasoline prices on their mind when they vote in November 2012? Will Obama impose some kind of price controls on the country in the late summer of 2012 to show he is "battling" inflation?
