Carville: 2012 could be ‘very rough’ for Obama, says civil unrest ‘imminently possible’

daily caller ^ | 6/6/11 | jeff poor

[Nachum]

Who ever thought the saying, “It’s the economy stupid” from James Carville in 1992 would become a staple in presidential elections 20 years later?

That expression made its way into the campaign in 2008 and according to Carville it could be theme of the 2012 campaign as well as President Barack Obama seeks reelection. In an appearance Monday’s “Imus in the Morning” on the Fox Business Network, the former Clinton adviser said if improvements weren’t made in gains in the unemployment picture based on the May jobs number, it could be a rough road for the president.

“[L]ook, I don’t think anybody — if 54,000 new jobs is the new standard, it’s going to be a very, very rough 2012 for President Obama,” Carville said. “But three-month average was 160,000. If that is the case, then he will do OK. I can’t tell you what will happen. But yes, if this, if this last jobs number is an indication of future job numbers, it’s going to be very, very rough.”

Carville cited a 2009 book by Carmen M. Reinhart and Kenneth Rogoff called “This Time Is Different: Eight Centuries of Financial Folly.” According to the book, the current economic situation, as with similar crises of this magnitude, take time to work themselves out and there’s little Obama may be able to do.

[Neil E. Wright]

“You know, look — this is a humanitarian — you know, you’re smart enough to see this,” Carville said. “People, you know, if it continues, we’re going to start to see civil unrest in this country. I hate to say that, but I think it’s imminently possible.”

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