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.”
The president who promised change for a country that was brought to the brink of depression is seeking advice from business leaders two years later for what may be his own makeover as he tries to find jobs for 15 million unemployed Americans.
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.
Two years ago, before his trucking business failed for lack of freight to haul, Roman Dmytriv and his wife voted for Barack Obama . This fall, they say, they probably won’t bother casting ballots at 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.
The U.S. economy will slow more than previously estimated through next year as elevated unemployment tempers consumer spending and companies trim investment plans, economists surveyed by Bloomberg News said.