POLITICS_ Obama evaded shadow of crisis to win poll

Global Insight November 8, 2012 5:53 pm

Obama evaded shadow of crisis to win poll

By Alan Beattie in Washington

Those growing tired of Luxembourg prime minister Jean-Claude Juncker’s shop-worn aphorism about managing post-crisis economies – “We all know what to do: we just don’t know how to get re-elected after we’ve done it” – might think it definitively refuted this week by Barack Obama’s US election win.

As it happens, several leaders of big advanced economies have survived elections since the global financial crisis hit in 2008. Yet an (admittedly brief and unscientific) scan of the evidence suggests victory depends not just on their own or their economies’ performance but on arriving in office at the right time to escape the initial blame.

Read more: http://www.ft.com/intl/cms/s/0/6cbfd16c-29ba-11e2-9a46-00144feabdc0.html?ftcamp=published_links%2Frss%2Fglobal-economy%2Ffeed%2F%2Fproduct#axzz2BxNjxmCT




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