More Wisconsin Fallout: Obama's Union Support Drops

A new Gallup poll shows that union member support for President Obama has dropped dramatically since his huge election victory in 2008. During that election, 67 percent of union members voted for Obama. Today, just 57 percent of union members back him. Mitt Romney, meanwhile, has grabbed 35 percent of union member support, over John McCain’s 30 percent in 2008. Interestingly enough, there is very little gap between support levels among government union members versus private sector union members.

Gallup noted that union members’ “impact on the presidential race will be limited by their size – just about 12% of all employed voters are union members – and the fact that a sizable minority support Romney. Still, in crucial battleground states this fall, the vote and efforts of even small groups may end up making a difference.”


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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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