In the first presidential debate, President Obama said that voters should base their choice on the future, not the past. Given the economy’s poor performance over the past four years, it is no surprise that President Obama would favor that view. But what can we expect to see in the economy and especially in the labor market if the president is re-elected? And would electing Governor Romney improve the situation? Although it is impossible to know for sure what a new president would bring, it is unlikely the economy would be strong during a second Obama term.
Ed Lazear | All Articles
Former Chairman, President's Council of Economic Advisers