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Monday 30 July 2012

Obama gets an edge over Mitt Romney

WASHINGTON: With 100 days to go before the U.S. presidential election, President Barack Obama appears to have a slight advantage over Republican rival Mitt Romney, though still at the mercy of a stumbling U.S. economy . 

Polls show that the initiative of Democratic incumbent is decreasing as voters lose faith in their ability to deal with important national issues, particularly the economy, growth is slowing and the labor market stubbornly refuses to pick it up. According to a Wall Street Journal and NBC poll released this week, only 36% of voters trust Obama can improve the economy, while 43% prefer Romney, a venture capitalist multimillionaire before.

Obama and his team have been working very hard on Romney's argument that his business experience make him the best choice to get Americans back to work, claiming that his firm often dismissed workers and sent U.S. jobs working abroad. But the attacks appear to have gained momentum recently with the electorate.

Figures from the Department of Commerce U.S. GDP growth showed a deceleration in the second quarter to 1.5% from 2% amid falling consumer demand.
 

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