Could Obama be beaten?

The chart shows the trend in the Betfair “winning party” market in the 2012 White House race.

As can be seen sentiment has been moving to the Republican party although this has slightly eased over the past few days. – something that’s been driven by the polls showing a weakening in Obama’s position. His approval ratings, the key measure used in the US, have seen a steady erosion in recent months.

It could be that November 2012 will be very tight.

My view is that a lot depends on who the Republicans choose. If it’s Rick Perry then that the will give Obama an easier ride than if its one or two of the other hopefuls.

@MikeSmithsonPB