Tags: Boskin | Election | Referendum | Obama

Former Bush Adviser Boskin: Election Will Be Referendum on Obama

Thursday, 02 February 2012 01:45 PM

The 2012 presidential election will serve as a referendum on Barack Obama and his economic policies, says Michael Boskin, former Chairman of President George H. W. Bush’s Council of Economic Advisers.

Those economic policies include an $800 billion stimulus bill loaded with programs favoring Democratic constituencies, healthcare reform, new regulations and more centralized power in Washington.

While the country indicated it was fed up with Obama's policies in the 2010 congressional elections, Republicans have to win the Senate and keep the House to bring lasting change if they don't take the White House, Boskin writes.

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"The U.S. political system is set up to make it much harder to accomplish something than to block it. It is not easy to do a lot while controlling only one-half of one-third of the federal government," Boskin writes in a Project Syndicate column.

"The 2012 election is shaping up as a referendum on Obama’s policies and performance. The economy is improving slowly, but it remains in bad shape, with high unemployment and millions having left the labor force," Boskin adds.

A recent USA Today/Gallup Swing States poll shows registered voters in 12 swing states are split between Barack Obama and Mitt Romney in their 2012 presidential election preferences.

The states include Colorado, Florida, Iowa, Michigan, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Pennsylvania, Virginia, and Wisconsin.

"Obama and Romney have been closely matched in each of the three swing-states polls, conducted in October, late November/early December, and now in January," Gallup reports.

"Obama and Romney have also been statistically tied in each of five polls conducted among national registered voters dating back to August."

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