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Alas, there’s no TV show called “Economy: Impossible.” Nobody has invented the formula to turn around the economy quickly. Unemployment is stuck above 8 percent, consumer confidence is down, and the presidential race is neck and neck.
The key question in 2012: Will voters fire President Barack Obama and hire former Massachusetts Gov. Mitt Romney to engineer the country’s economic makeover?
And that leads to another question: Can the occupant of the White House affect the economy? You’d certainly think so, to hear the politicians.
Romney insists that he has the business savvy to create hundreds of thousands of new jobs, although he hasn’t spelled out details. Obama blames Republicans in Congress for thwarting his plans to rebuild the economy.
Clinton insisted that Obama has the values, ideas and direction we need to build a stronger, 21st century economy – “a nation of shared opportunities, shared responsibilities, shared prosperity, a shared sense of community.”
But he also served up a cautionary note. In 1994, although he and his advisers felt their policies were bringing the economy around, voters couldn’t feel it, Clinton said. The result was the Republican takeover of the House for the first time in decades.
Many of us lived through what GWB did to the country and the economy.
Clinton said it best lately by noting it will take more than 4 years for ANYONE to fix the economy.
Many of us lived through what GWB did to the country and the economy. Some would even blame GWB and Clinton, even, but the blame now squarely falls on Obama's shoulder.