Charles Payne

But, at this point, there really is no alternative, save for admitting policies have been a failure (assuming that they were ever designed to actually help the economy) than to try to deflect from failure and steer the masses through anger. For me, President Obama's term has become lame duck and that makes it dangerous.

"Sometimes, I'm supposed to be politic about how I say things, but I'm finding, lately, I just want to say what's on my mind"

That was President Obama on Friday in a very candid moment that for me has cemented the idea that his presidency has become lame duck.

A president becomes a lame duck during that period after they've lost reelection and continue to hold office until the next inauguration. But a president can also become a lame duck when he's lost influence and the ability to move legislation through the system.

Using Gallup polls, there have only been three other President's with approval rating below the 48% average at the 22nd quarter of their time in office.

> 37% 1950 Truman
> 27% 1974 Nixon
> 37% 2006 Bush

These second term lame duck periods also coincide with high inflation and the start of slower economic growth. So, while Wall Street is said to love the Washington gridlock, there is some worry about where the economy goes from here.

Second Term

Year One

Year Two

Year Three

Year Four

Truman

0.5

8.7

8.1

4.1

Nixon

5.6

-0.5*

-0.2

4.6

GW Bush

3.4

2.7

1.8

-0.3

*Nixon leaves office.


Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.
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