Literally moments ago, Barack Obama tweeted the announcement of the start of his 2012 campaign. In a surprise to nobody in particular, the president stated that he plans to file the necessary papers with the Federal Election Commission today in order to begin campaign fundraising, further tweeting: "While I stay focused on the job you elected me to do, the work of laying the foundation for our campaign must start today." Perhaps this finally means that the USD is due for a bounce as the concerted effort at destroying the US currency will be slightly delayed among all the takes for various campaign clips like the one below. As for his competition, a poll by Farleigh Dickinson university has the President outperforming most competitors except for Mike Huckabee, with whom he is locked in a dead heat: "The president steamrolls former Alaskan Gov. Sarah Palin by a 20-point margin, 54%-34%. The president also wins easily - 48%-34% - over the only major Republican to have formed an exploratory committee for the 2012 election, former Minnesota Gov. Tim Pawlenty. And the president handily beats the former Speaker of the House, Newt Gingrich, by 15 points, 52%-37%. The president runs even with former Arkansas Gov. Mike Huckabee 46%-46% and about even with former Massachusetts Gov. Mitt Romney, 44%-43%." Of course, what happens to Obama's reelection chances is directly proportional to just three factors: jobs, the price of gas, and the stock market. Alas, while the jobs number is improving courtesy of the continued exodus of disgusted former workers from the workforce, the latter two factors are now mutually exclusive, and any further gains in the RUT will necessarily come at the expense of further cuts in affordable transportation distance, and vice versa, which naturally leads us to the question of what Goldman will order its subordinate at the FRBNY Bill Dudley to do: as usual it all boils down to this: "To QE or not to QE. That is the question."
Obama's official campaign launching video:
A comparable and opposing video:
And the Fairleigh Dickinson poll: