Three Reasons Why The Race Is So Close – Nine Reasons Why Obama Will Win
By Robert Creamer
Progressive America Rising via HuffPost
Oct 21, 2012 – As Election Day grows closer, some pundits seem almost breathless in their prediction that the Presidential election will be close. Well, of course it will be close. It has been obvious from the campaign’s first day that it would be close. But there is overwhelming evidence that President Obama will win.
Why is the race so close?
1). First and foremost, the Republican’s trickledown, let-Wall-Street-run-wild policies sent the economy into a catastrophic recession just as Obama took office. This was not your run of the mill business cycle recession. It was caused by a financial collapse the likes of which American had not seen since the Great Depression.
The historic evidence is very clear that whenever there is a recession induced by a financial collapse, it take years for an economy to recover. American did not fully recover from the Great Depression itself until World War II – almost twelve years after the stock market collapsed.
Had the Republicans remained in office and responded as Republican President Hoover did in 1929, the same fate could have awaited America once again. But instead, the Obama Administration moved immediately to stimulate the economy and shore up the financial system – and especially to rescue the auto industry – using policies that in most cases the GOP opposed.
Those policies have set the economy on a path toward sustained growth. But the Republicans have been hell bent on stalling growth with the expressed purpose of defeating Obama this fall. They have sabotaged the economy by preventing even a vote on the Americans Jobs Act that most economists believe would create another 1.7 million jobs and would have prevented massive layoffs in state and local governments.
Mitt Romney is like an arsonist who complains that the fire department isn’t putting out his fire fast enough – and then tries to convince America to allow him to take over the effort armed with buckets of gasoline – the same failed policies that caused the fire in the first place.