To me it seems like Barack Obama is going to be a one term president. According to history no president has ever been reelected with unemployment rate above 8 percent since 1936. It seems like that what's going to happen in November 2012, the economy is still doing very poorly. The job report for the month of may was terrible, the economy only added a total 54000 jobs. I think if the president wants to win a second term he has a total of 14 months left to get the unemployment rate below 8 percent.