This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Econ Recovery Likely _ Benefiting Election Winner


WASHINGTON (AP) â¿¿ Eventually, the economic recovery will pick up steam â¿¿ whether Barack Obama or Mitt Romney is in the White House.

That's what many economic outlooks project. And the president â¿¿ and the party occupying the Oval Office â¿¿ will reap some of the benefits.

But first, Obama or Romney, together with Congress, will have to pull back from the widely deplored "fiscal cliff," the politically created budget abyss facing the nation at year's end.

The betting on that ranges from mild optimism to nail-biting anxiety. But most economic analysts agree that if Washington resolves that looming crisis, Americans can expect faster economic growth and lower unemployment.

"Regardless of who is president, if the next president is able to nail down these fiscal issues, then I do think we're off and running," said Mark Zandi, chief economist at Moody's Analytics.

That would be welcome news for a nation that has been struggling through a slow comeback from the deepest recession and fiscal crisis since the Great Depression â¿¿ and needs to shore itself up quickly in the event Europe slips back into recession.

Six countries in the eurozone â¿¿ Greece, Spain, Italy, Cyprus, Malta and Portugal â¿¿ already are in recession. And the continent's struggles were underscored Monday by a report that unemployment remained at its record high rate of 11.4 percent in the 17 countries that use the euro.

Politically in the U.S., a strong rebound would be great news for a Romney presidency or an Obama legacy. And it would do much to enhance or repair the brand of either of the political parties, whichever holds the White House, before the 2014 congressional elections and the 2016 White House race.

Jared Bernstein, former chief economist for Vice President Joe Biden, said presidents actually have the greatest impact on economies when markets fail.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs