Monday, November 5, 2012

Obama’s pitch: Slow but steady gains for middle class

With the economy stuck in low gear and deficits soaring, President Obama’s closing argument to voters for his re-election Tuesday is that he is moving the nation on the fairest path for the middle class, however slowly.
As Mr. Obama embarked Sunday on his final two-day blitz of battleground states, with former President Bill Clinton at his side, he sought to persuade voters that his economic policies require more time to produce the kinds of results that Mr. Clinton’s programs did in the 1990s. The president warned voters who are frustrated by the lack of progress that Republican rival Mitt Romney would be a change for the worse.
“When you ask yourself the question, ‘Who is going to fight for me and bring about real change,’ you know that I know what real change looks like, because I fought for it alongside you,” Mr. Obama told supporters in New Hampshire. “I’ve got the scars to prove it. I’ve got the gray hair to show for it. After all we’ve been through together, we can’t give up now.”
In the final days of the campaign, the president increasingly is running on the economic record of Mr. Clinton. He and his advisers acknowledge that the economy was stronger during the 42nd president’s tenure than it has been under Mr. Obama’s leadership. Senior Obama campaign strategist David Axelrod said, “We believe in the theory that Bill Clinton had” — that raising taxes on the wealthy, and on many others, in 1993 helped balance budgets, lower deficits and encourage economic growth.

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