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February 15, 2012
Pump begins to cut the average person, it naturally brings a presidents popularity down. as i say, its a strong correlation. it is not a perfect correlation but it is also a lagging indcat tore. it takes awhile for high prices to cause a president to bleed popularity points. it doesnt happen right away. and also it obviously depends on how high the gas prices go and how long they stay there. >> reporter: sabato says that three presidents suffered greatly from high gasoline prices. nixon, who res...
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>> its not perfect. it takes a while for high prices to cause a president to bleed popularity points. it doesnt happen right away. it depends how high the gas prices go and how long they stay there. >> the day president obama was inaugurated the price was $1.84. today its 3.52. spike over 90%. highest price was in 2008 when the bush administration reaching $3.81. one administration critic said the present spike is unique. >> president obama in the last three years did everything in his power to ...
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>> its not perfect. it takes a while for high prices to cause a president to bleed popularity points. it doesnt happen right away. it depends how high the gas prices go and how long they stay there. >> the day president obama was inaugurated the price was $1.84. today its 3.52. spike over 90%. highest price was in 2008 when the bush administration reaching $3.81. one administration critic said the present spike is unique. >> president obama in the last three years did everything in his power to ...