News24

US election all about the economy

2012-04-18 12:02

Washington - In an election season when the economy is king, the central debate between President Barack Obama and Republican challenger Mitt Romney comes down to what is enough. Enough growth in the economy. Enough job creation. Enough help for those still struggling to get back on their feet.

Obama travels to two Midwest states at the epicentre of that debate, hard-hit Ohio and Michigan, on Wednesday to highlight his economic policies and place them in pointed contrast to the sharp budget-cutting proposals of House Republicans — and by extension Romney.

In Ohio, Obama will visit a successful jobs-training programme of the type that the White House says would face steep cutbacks in federal financing under the House-passed budget, which Romney supports.

And in Michigan, the president will scoop up more campaign cash to help him combat Romney's efforts to frame his presidency as an economic failure.

Beyond job training, the president is making the broader case that while more remains to be done to boost the economy, he's successfully brought the country back from the brink of financial collapse and done what he should to help Americans weather the storm.

For Obama, there's no more critical place to make that argument than Ohio, a battleground state which could determine the winner of the presidential election.

Jumble of programmes

Romney, for his part, never misses an opportunity to blame Obama for what he labels as failed economic policies and bloated government, and to argue that the president has had his chance and now it's time for him to move on.

He criticises a jumble of "federal workforce training programme, 49 reporting to eight different agencies".

On Wednesday, the likely Republican nominee will leap over a few pages on the political calendar and deliver an early "prebuttal" in Charlotte, North Carolina, to the president's speech to the Democratic National Convention in that town come September.

It was sure to keep up the drumbeat of criticism of Obama on the economy, jobs and taxes.

In Elyria, Obama will meet with unemployed workers-turned-students participating in training programmes at Lorain County Community College, where he'll also address students and graduates.

The White House said that under the House-passed budget, employment and training programmes of that kind would be cut back sharply, eliminating services to 425 000 adult workers nationally in 2013 and 1.1 million in 2014.

Taking advantage

The president has kept up a drumbeat of criticism of the House-passed budget as a sign of what would happen if Republicans were in charge, although the budget plan is sure to die in the Democratic-controlled Senate.

In Michigan, Obama will attend two fundraisers for his campaign, one of them at the same Henry Ford Museum where Romney in 2007 launched his unsuccessful bid for the 2008 Republican presidential nomination.

The economy has taken a nosedive and turned around again in the five years since then. (Romney, too, has fallen and risen again.)

And now Obama and Romney are jockeying for the advantage on the economy, and neither has the clear edge.

In a Pew Research Centre poll released this week, voters listed the economy and jobs as the top issues as they decide who to support for president. Those who said the economy and jobs would be very important to their vote divided their support almost evenly between Obama and Romney.

Obama points to steady economic progress on his watch, and suggests his Republican rival would dismiss the needs of struggling Americans to implement policies favouring the wealthy.

Millions remain unemployed

Romney's campaign, for its part, on Tuesday mocked the Obama economy as "stuck in neutral" - just as Nacar champions were visiting the White House.

Each candidate has material to work with in making his economic case: Nationally, the unemployment rate has dropped from 9.1% last August to 8.2% in March, the lowest since about the time Obama took office.

But job growth has been weak, millions of people remain unemployed, and improvements in hiring haven't translated into higher salaries for those who are working.

Ohio's jobless rate was 7.6% in February 2012, down from 8.9% a year earlier and lower than the national average. In Michigan, unemployment fell to 8.8% in February, down from 10.7% a year earlier and a peak of 14.2% in August 2009.

Many in the state are benefiting from the turnaround in the auto industry fostered by Obama, but there is plenty of ongoing economic pain.

Jim Ruvolo, a former Ohio Democratic Party chairperson now working as a political consultant, said the recovery of the auto industry has also helped boost the economy in the northern part of his state, giving Obama a strong argument for re-election, but many Ohio voters still feel that while the economy is getting better, "it's not there yet".

Taking credit

"The truth is, if we were still where we were two years ago, Obama wouldn't even be in the race," he added. "The thing would be over."

The improving picture in states like Ohio makes Romney's effort to paint Obama's presidency as an economic failure more challenging.

But Ohio Republican Party spokesperson Chris Maloney said his state's Republican governor and legislators are the ones who deserve any credit for economic progress in the state.

 And he said that with Obama's frequent visits to Ohio — this will be his fourth in four months, and the 20th of his presidency — Ohio voters are starting to see that the president's economic pronouncements are "more style, less substance, and that's why he finds himself in a precarious spot".

From Ohio, Obama travels to the Detroit area for two evening fundraisers, one at the Ford museum and the other at the Bingham Farms home of Denise Ilitch and Jim Scalici. Ilitch is a businesswoman and the daughter of Mike Ilitch, the founder of Little Caesar's Pizza and the owner of the Detroit Red Wings ice hockey team and Detroit Tigers baseball team.

Comments
  • allcoveredinNinjas - 2012-04-18 12:42

    McCain had a better chance of beating Obama . OBAAAMMMAAAA!......Everything is gonna change!

      DSBennie - 2012-04-18 13:13

      Only change he made was make the economy worse

      Dylan Dario Sciarappa - 2012-04-19 17:53

      Fact of the matter is that there was no change Obama has increased military operations worldwide and worst of all he has added an additional five trillion dollars to the us deficit taking it to a staggering 15,6 trillion dollars. The us is now the most indebted country in the history of the world. Americans and by and large the world is becoming a slave to the privately owned central banks. Just google Ron Paul

      elewies - 2012-04-22 20:20

      Ahhh DSBennie... Another one in the Republican bubble. When Bush left the White House America lost 750 000 jobs per month... Now it is adding 200 000 per month... How has that made the economy worse? The Republicans opposed Obama's bailout of General Motors and now GM has become the world's largest car manufacturer (beating Toyota). Fact is Obama wants to get the economy going but the Republicans have a majority in the House of Representatives and block every piece of legislation that Obama tries to push through in order to help boost the recovery... And Dylan, America is not $15.6 in trillion debt.. That is their debt ceiling- aka the amount of money they are allowed to borrow. Their current debt is something like $11 trillion.. $6 trillion were added by Bush's fetish of wars and Obama added $5 trillion dollars- difference is the money Obama borrowed went into policies that prevented the US from spiraling into a depression (Freddie & Mac bailout, GM bailout, infrastructure programs and yes also Obamacare but that isn't even 1% of the amount of debt added) You complain about the debt but the Democrats are the only party that is willing to take a balanced approach to reduce the defect by cutting wasteful government programs AND raising taxes. The Republicans think they will solve the debt problem by simply cutting all government programs (except their own precious Pentagon budget) and lowering taxes. WTF????

  • Jason - 2012-04-18 17:04

    If the US don't want Ron Paul as president, can we have him !

      Lenzi - 2012-04-18 19:01

      I LOVE RON PAUL

  • pages:
  • 1