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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe winner of this Election will get Credit for a Substantial Rebound
Not that more reasons are needed for why it is vital that Romney not win, but...
If Romney wins and does not cut the deficit there will be a substantial economic rebound 2016-2016. Not a boom economy, but getting distinctly back above water.
And no Republican ever cuts the deficit.
If Obama wins he will, by 2016, be viewed as economically comparable to Reagan. (And we may even have a stock market mega-correction in 2014-2015 similar to the crash of 1987.)
If Romney wins it will be the validation of a lot of patently false economic theory.
Romney's promised recovery is, in fact, merely the CBO projections of what the economy will do in a 2nd Obama term. His promise of 12 million jobs is the baseline CBO projection for 2013-2017. So he is already positioned to take credit for what has already been done.
doc03
(35,340 posts)get a jobs bill passed. Unlike the Republicans that go in lock step you know there will be Democrats that will vote for it.
porphyrian
(18,530 posts)budkin
(6,703 posts)Dawson Leery
(19,348 posts)Even more of a reason to re-elect the President.
JackRiddler
(24,979 posts)The world economic shitshow is being held together with masking tape until the election is done. (The rich may hate Obama, but the Federal Reserve and European PTBs prefer him.) What follows the inevitable European defaults is hard to assess. It's not in anybody's hands to speak of giving credit.