Jammu and Kashmir
Wednesday, May 22, 2013
2012 US Presidential Elections
Economy is the most crucial issue in the 2012 US presidential campaign. As many polls have also indicated, incumbent Barack Obama and his Republican opponent Mitt Romney are indubitably in tight race. And one of the major reasons for this situation is slow economic recovery and high unemployment rate. The American economy lost around nine million jobs between January 2008 and early 2010. In a bid to woo voters, for whom job creation is the top priority, Obama and Romney have offered different policies to provide the impetus needed to boost the economy and expand hiring.
Obama, who had taken office at the peak of the global financial crisis, wants to bring manufacturing back to the US. He has also proposed tax incentives for companies that keep jobs in the country. However, he has failed to do any wonders as far as economic recovery is concerned and Romney’s performance is in question due to his fellow Republican George W Bush administration’s performance. Now it is to be seen whether Romney’s 59-point economic plan would be able to sway Americans and offer any solution to their troubles?
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