To Say the Economy is Improving is BS
The Obama campaign wants you to believe that by staying the course with Obama, the US economy will improve because four years has not been enough. The Romney campaign state they will create 12 million jobs in four years but many economists question this and whether they are "quality" jobs versus low income ones.
Both are full of BS. The US economy indicators are poor and Europe is on the verge of a deep recession, which will have a huge impact on America. Since September, US firms have announced plans to eliminate 63,000 jobs in the US and abroad. So far this year, 158,000 jobs have been eliminated. Ford is closing its first car plant in Europe in ten years, Dow Chemical is eliminating 5500 jobs, and Colgate is following with another 2300 jobs.
Companies are not building inventories but remain lean because they have no idea what 2013 will be like and many feel it will not be any better regardless of who is President. Many corporations are planning to eliminate more jobs in the next two quarters because over half of the S&P 500 companies have not made projected earnings this 3rd quarter. More layoffs are coming despite the very modest decrease of unemployment, which is nothing to crow about.
Europe's problems are becoming American problems because they import the most goods, which increase manufacturing. But, if the recession is bad, they will not be buying much and in turn, US manufacturing will decrease creating more layoffs as companies trim to be lean. Neither Romney nor Obama can do much about the Euro problem and recession and because they cannot, many of their claims for your vote are just bullshit.