Mitt Romney says Barack Obama’s policies will consign the U.S. to an extended period of sluggish economic growth, at best. The president says his Republican challenger’s plans will sow the seeds of another mammoth recession. Both are wrong.
Moody’s Analytics says its economic- forecasting model shows President Barack Obama winning re- election with 303 electoral votes. Economist Douglas Hibbs Jr., pointing to slow income growth, predicts a Mitt Romney victory. To Yale University’s Ray Fair, the race is simply “too close to call.”
Over the past several months, a handful of high-profile Senate races, Connecticut, Florida, Kentucky, Illinois and Nevada, have tilted in the Democrats’ direction. This has sparked hope in President Barack Obama ’s party that the November elections may not be so bad after all.
The U.S. economy may return to its pre-crisis peak next quarter after a recovery former Federal Reserve official Peter Hooper calls “surprisingly strong, historically weak,” which has seen corporations and the rich prosper while small companies and the unemployed struggle.