Early November 2012 will mark the next presidential election. President Barack Obama stands a chance at winning the election, which would mark his second term. If he doesn't end up winning, he will be the first president since George Bush Sr. to not secure a second term. Below is a list of the last five presidents who failed to win a second term and the reasons why they came up short.

SEE: How Much It Costs To Become President

George Bush Sr.
President George H.W. Bush, the 41st U.S. president, is also known as Bush Sr. to differentiate him from his son George W. Bush, who won the presidency in 2000. His son ended up being re-elected and was followed by current President Obama. Bush Sr. served between 1989 and 1993, after being elected in the fall of 1988. Under his watch, the U.S. undertook its first invasion of Iraq. The mission was a resounding success, but a struggling U.S. economy was attributed to Bush's eventual unseating by President Bill Clinton, who ended up being elected for two terms.

Jimmy Carter
President Jimmy Carter was the 39th U.S. president and lost out to Ronald Reagan, who went on to serve two terms. As with Bush and many presidents that don't end up getting re-elected, Carter served during a struggling U.S. economy that was suffering through high interest rates and inflation. His foreign affairs track record was also described as uneven and included an unsuccessful hostage rescue exercise in Iran in November 1979. Carter's foreign relation successes since he was president kept him in the public eye. Carter engaged in negotiations with North Korea in 1994, and the country agreed to freeze its nuclear weapon ambitions.

Gerald Ford
President Gerald Ford served right before Jimmy Carter as the 38th president of the United States. Ford was originally President Richard Nixon's vice president and was nominated as president after Nixon resigned his post following the Watergate scandal. Ford also failed to win re-election, which occurred back in 1976. Like Carter, he served during a period of difficult domestic economic circumstances that included stagflation, or minimal economic growth during a period of high inflation. The U.S. also encountered energy shortages during his tenure. In 1974, Ford granted a pardon to Nixon and this is a reason cited for his failure to win re-election.

Herbert Hoover
President Herbert Hoover was the 31st president and served between 1929 and 1933. The stock market crash of 1929 occurred right after Hoover entered office and he also served through the Great Depression. Needless to say, his hopes of winning re-election after these events were going to be minimal. He was succeeded by Franklin D. Roosevelt, who ended up serving three terms.

William Taft
President William Taft served as the 27th president between 1909 and 1913. He was said to not enjoy serving as president, instead having preferred to be a judge. He also struggled to succeed Theodore Roosevelt, who is considered to be one of the most popular presidents in the 20th Century. In fact, his relationship as a closer friend to Roosevelt was reportedly a big factor in his election as president. His relationship with Roosevelt soured while Taft was in office and this was thought to have minimized his chance of re-election.

SEE: The Most Financially Irresponsible Presidents Of All Time

The Bottom Line
Presidents that serve during times of turmoil, especially when it comes to a domestic recession or difficult economic environment, usually have a difficult time winning re-election. At other times, the presidents above were simply unable to make their marks on history and capture enough popularity to win a second term in office. Barack Obama faces a similar challenge as the economy has largely failed to recover from the Great Recession since he was in office. Economic trends over the next few months could perk up, which would increase his chances of re-election greatly.

Related Articles
  1. Fundamental Analysis

    The Evolution of Obamacare Since Its Inception

    Find out whether the Patient Protection and Affordable Care Act, also known as Obamacare, has lived up to its lofty projections from 2010.
  2. Investing News

    Chipotle Served with Criminal Probe

    Chipotle's beat muted expectations and got a clear bill from the CDC, but it now appears that an investigation into its E.coli breakout has expanded.
  3. Stock Analysis

    China Mobile: Just How Big is It? (CHL, CHU, CHA)

    The story behind China Mobile, the biggest company you might never have heard of.
  4. Markets

    The (Expected) Market Impact of the 2016 Election

    With primary season upon us, investor attention is beginning to turn to the upcoming U.S. presidential election.
  5. Economics

    Trump vs. Bloomberg: How They Compare

    If Bloomberg enters the presidential race how will he compare to billionaire brethren Trump?
  6. Fundamental Analysis

    5 Economic Changes to Expect if a Republican Wins in 2016

    Discover the five most likely economic changes the United States can expect if a Republican wins the presidential election in 2016.
  7. Term

    What Is Section 1231 Property?

    Section 1231 property is depreciable business property that’s held for a year or longer.
  8. Economics

    A Look At Fiscal And Monetary Policy

    Fiscal and monetary policies provide our government and the Federal Reserve with two powerful tools to regulate the economy.
  9. Investing Basics

    This is What Donald Trump's Portfolio Looks Like

    Find out what Donald Trump's portfolio looks like and gain some interesting insights into the way the billionaire's investment mind works.
  10. Fundamental Analysis

    5 Economic Changes to Expect if a Democrat Wins in 2016

    Discover the potential economic effects of a Democratic White House win in 2016, including higher taxes for the wealthy and tighter banking regulations.
RELATED FAQS
  1. What is the Social Security administration responsible for?

    The main responsibility of the U.S. Social Security Administration, or SSA, is overseeing the country's Social Security program. ... Read Full Answer >>
  2. Where are the Social Security administration headquarters?

    The U.S. Social Security Administration, or SSA, is headquartered in Woodlawn, Maryland, a suburb just outside of Baltimore. ... Read Full Answer >>
  3. Is the Social Security administration a government corporation?

    The U.S. Social Security Administration (SSA) is a government agency, not a government corporation. President Franklin Roosevelt ... Read Full Answer >>
  4. How does the role of Medicare/Medicaid affect the drugs sector in the U.S.? (UNH, ...

    Medicare and Medicaid have enormous influence on the pharmaceutical, or drugs, sector in the United States. For instance, ... Read Full Answer >>
  5. What are the ethical arguments against government subsidies to companies like Tesla?

    The ethical argument behind government subsidies is that they should be put into place to help industries that will, in turn, ... Read Full Answer >>
  6. What do I do if I think an accountant is in violation of the Generally Accepted Accounting ...

    The Financial Accounting Standards Board (FASB) promulgates generally accepted accounting principles (GAAP) in the United ... Read Full Answer >>
Hot Definitions
  1. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
  2. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  3. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
  4. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ...
  5. Quarterly Earnings Report

    A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ...
Trading Center