So, how will this election go down in history? Of course, it depends on who wins.
If Obama is defeated, he will be compared to Jimmy Carter, who was a one-term President and whose policies were a failure.
However, the comparison might be slightly unfair to Carter – whose budget cuts were literally nothing compared to Obama’s defense cuts, Obamacare as well as cuts related to the sequestration process that his own defense secretary considers catastrophic.
Carter also made airline travel widely accessible by supporting airline, rail and trucking deregulation and which did a lot in terms of tightening the costs of goods and services. Obama, on the other hand, has not only expanded the government’s role but has also increased regulation on all fronts.
If Obama loses then, thanks to his policies, this would result in two Democratic Presidents out of three losing elections with the exception of Bill Clinton who did so because he stated the ‘age of big government’ was over.
Yet there also exists the possibility that Obama might win as well…
Analysts agree that if he does win, then it will be by a much smaller margin based on both electoral and popular votes in comparison to his 53 percent to 46 percent win four years ago. It must be pointed out that he obtained a higher share of the vote than any other Democratic candidate has enjoyed in the past with the exception of Andrew Jackson, Lyndon Johnson and Franklin Roosevelt.
However, there was one more Democratic candidate who won by a much smaller margin to serve a second term: Woodrow Wilson. Yet what must be pointed out is that if California had not supported Wilson at the time, he would not have won.