The latest opinion polls suggests a
close fight between incumbent Barack Obama and his rival Mitt Romney, both the
Democrat and Republican camps have claimed victory ahead of the crucial
presidential elections set for today.
The latest Washington
Post ABC tracking poll released yesterday gave Obama (50%) a three point lead
over Romney (47%), which is still within the margin of statistical error.
"The poll also finds that Obama remains the favorite, with
55% of voters saying that he will win in Tuesday's election. By contrast, 35%
believe Romney will win while 10% register no opinion," the daily said.The
polls are too close to call, the CNN said, so did other major news networks.The
much sought after RealClearPolitics gave Obama an edge of 0.7 percentage point
lead over Romney.
Both the candidates are banking
on strong economic reforms and regulatory reforms to woo the customer attention and confidence.
Here are Obama's and Romney's key plans for the economy: JOBS Obama has said
his jobs plan would strengthen American manufacturing, grow small businesses,
improve the quality of education and make the country less dependent on foreign
oil. He envisions 1 million new manufacturing jobs by 2016 and more than
600,000 jobs in the natural gas sector, as well as the recruitment of 100,000
math and science teachers. Repairing and replacing old roads, bridges, runways
and schools are part of his plan to put Americans back to work.
Half of the money saved from ending the wars in Iraq and
Afghanistan would be used to fund infrastructure projects. Romney has promised
12 million jobs in his first term, or about 250,000 jobs a month. Economists
say the economy would likely generate that amount of jobs anyway.
His plan focuses on tax reform, pushing the economy toward energy
independence, cutting regulations and boosting trade, especially by reducing
barriers to trade with China. Romney says Obama has not been aggressive enough
in challenging unfair Chinese trade practices and that he would use both the
threat of US sanctions and coordinated action with allies to force China to
abide by global trade rules.
Democratic party Presidential
candidate not only enjoys support and solidarity in his home surf but also from
an overwhelming support from the major
countries worldwide.
His popularity can be
attributed to the following reasons
below :
1) Obama’s foreign policy – Barack Obama has punctiliously proven
his ability to execute decisively the
America’s broadened foreign policy from getting U.S from long & costly wars
in Iraq and Afghanistan ,avoiding direct intervention in Syria and resisting the
reckless push to attack Iran considering its Middle East Israel strong
opposition against Iran ‘s growing nuclear ambitions. He was instrumental in aligning
the foreign policies and military objectives for the aggressive hunt of terrorists and embarking a limited role in forcing regime change in Libya ,
.Meanwhile ,Romney’s image worldwide is
projected as the condescending behaviour of the rich and ignorance of the
oblivious folks.
2) Romney is projected as an extension of infamous Bush worldwide-
Media pundits and diplomats worldover are comparing Mitt Romney’s conduct
and ambitions ( Wall Street Barbarian and Emphathizer ) as an extension of
George W Bush failed foreign policies and economic reforms which brought the US
economy to the catastrophic recession of 2008.
3) Higher spending on Social Security schemes & Higher Taxation on the rich - Though
Obama health care law and other social security schemes will be widen the US
fiscal deficit and bloated up National debt.It is seen as a measure to improve
the state of economic recovery and accelerate opportunities for employment and
job creation.Taxing the rich on a higher tax slab will definitely increase the
total exchequer collection and should create a level playing ground to fuel
consumerism in US economy which roughly contributes to 70 % of U.S
economy.
The stage is set and U.S
voters are eager to cast their right to elect the 45 th President of USA (World’s
largest Economy ,Military and Political superpower) after an scintillating
election campaign for the last 12 months .Moreover, the fate of Global Economy
, security issues and idealogical differences plaguing our increasingly interwined
society will rely on the outcomes of this historic election.
Well democrats have an edge in this
election slated to win consecutively for second time crowning again Barack
Obama as the reigning President of USA.
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