Most Americans will tell you that their number 1 issue in this past Presidential election was the economy. So Obama’s contribution to the economic upturn in various cities must have helped him clinch the win, right? Wrong. I read an interesting study on the relationship between votes for Obama and the economy and was surprised at the results. An analysis of voting patterns in US cities finds the areas where Obama GAINED votes from 2008 to 2012 are WORSE off economically than they were 4 years ago. Here’s a breakdown of what happened:
Obama still maintained the advantage he had in 2008 in metropolitan areas. Those that supported him in 2008 typically still supported him in 2012, but to a lesser extent. In terms of housing prices, cities like Pittsburgh and Houston have had an increase in home prices in the past 4 years. Places like Phoenix and Orlando have had a nearly 25% drop in home prices since 2008. If the economy, as measured by home prices, was such a hot button issue in these cities, it would be expected for Pittsburgh and Houston to reward Obama for their improved markets and Phoenix and Orlando to punish Obama for their declining housing market. However, no relationship was found. Looking at unemployment rate as another indicator of the economy, the study found surprising results. In areas where the local unemployment rate decreased the most, Obama’s margin of victory got slimmer.
Read more from this revealing study at: