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I think a lot of people don't really care much about foreign wars, deficits or other things that don't immediately affect them or their family.
So when a lot of people look around, they see the Dow at an all time high, their 401K doing better, their home equity at an all time high, interest rates low and their mortgage payment at an all time low, low priced and affordable consumer goods all around them, their job security good, inflation arguably in check, and all the talking heads saying how the bull market is going to go on and the housing market only going to mildly correct (soft landing).
That's what they see.
What was that old saying . . . "It's the economy, stupid." There's a lot of truth to that, and it looks ok to good to a lot of people.
Given all that, it is actually pretty amazing his approval is only 31%, though. It shows how heavily the Iraq mess does weigh on a lot of people. If not for Iraq, Bush's rating numbers would be very high, IMO, at or above average for a mid-term second term president.
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