Falling Oil Prices a Silver Lining for Obama in Sluggish Economy
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There is one potential silver lining for President Barack Obama amid stock market volatility, the first-ever downgrade of the nation’s credit rating by Standard & Poor’s and a slowing economy: falling oil prices.
“This is really the classic good-news, bad-news story,” said Stuart Rothenberg, editor of the Washington-based Rothenberg Political Report. “Oil prices are politically important because, for consumers, they’re one of the obvious indicators of prices in general and how far their dollar is going to stretch.”