Obama-Romney tied in Presidential Race: Romney still hopeful
Now, Romney accuses Obama with the same sins as that of Bush. The financial crisis which is still a major concern among Western powers, remains a crucial factor in this year's US elections. Obama's economic prescriptions proved insufficient in solving problems such as unemployment and closure of small and medium enterprises. Some analysts say, the problem is beyond Obama, which I agree. The global financial slump really happens as part of the cycle of capitalism.
The solution really lies not on America but on external factors such as the continuing redefinition of the world's capital and labor configuration. The nexus of production has shifted from the United States to the East, specifically, China. China is reaping the economic rewards of being at the midst of global production, and it remains stable because China, by itself, is both a market and at the same time, a big production house.
The world waits with bated breath as the polls close in. CNN has just reported wins in favor of Obama in New Hampshire, a place where Romney calls home. Romney lags for about 15,000 votes behind Obama in Florida, with 86% of the votes in. If Romney loses Florida, he's toast, says Pierce Morgan of CNN.