Economy to take center stage at presidential debate

Candidates Obama and Romney are expected to address jobs, energy, international finance and Wall Street reform.

By MSNMoney partner Oct 2, 2012 1:39PM

Denver presidential debate sign, by Bruce KennedyBy Bruce Kennedy, MSN Money

 

At least half of Wednesday night's presidential debate at the University of Denver is expected to focus on the economy.


Jim Lehrer, the debate's moderator, recently announced the topics, which will deal with domestic policy. Three of the six segments will address economic issues. The debate will run from 9 to 10:30 pm ET.

 

Here are some topics we can expect:

 

Job creation, growth and employment

A recent survey of CEOs from leading companies says chief executives' overall expectations for three key economic measures -- sales, investment and employment -- have shifted downward as businesses struggle with the slow U.S. economic recovery and sluggish job creation figures.


The U.S. unemployment rate, meanwhile, continues to hover above 8%, even though more jobs have been created than lost since President Barack Obama took office. Former Massachusetts Gov. Mitt Romney has said the administration's initiatives have stymied growth, and he is expected to take aim at the employment figures.


"President Obama's administration promised, with the passage of the stimulus, that unemployment would currently be at 5.4% with 9 million more people working," Andrea Saul, a Romney campaign spokeswoman, said recently.


"With unemployment at 8% or higher for the 43rd consecutive month and 23 million Americans struggling for work, President Obama's policies have failed miserably by his own standards."

 

International finance

Concerns over the European debt crisis, international trade -- especially with China -- and slowing global economic growth are expected to come into play during the debate. These issues are making headlines now as financial officials from the Group of Seven prepare for next week's meeting in Tokyo ahead of the International Monetary Fund's annual gathering in the Japanese capital. The IMF's recent World Economic Outlook report declared that global finances are strengthening after suffering major setbacks in 2011 but that "downside risks remain elevated."

 

Energy costs

Rising energy costs are sure to come up during the debate.  Net oil imports to the U.S. have actually dropped over the past six years, but American dependency on OPEC continues to make energy a geopolitical as well as an economic issue. The Republicans also dispute the Obama administration's claim that it has doubled the use of renewable energy in the U.S. while creating thousands of jobs in the renewable-energy sector.

 

Reform on Wall Street

The Obama administration says that Wall Street reform has been "a top priority since day one" and that the administration has been determined to hold the financial sector accountable while increasing transparency and protecting consumers from unfair and abusive financial practices.


In a recent TV ad, Obama says Romney "believes that with even bigger tax cuts for the wealthy and fewer regulations on Wall Street, all of us will prosper. In other words, he'd double down on the same trickle-down policies that led to the crisis in the first place."


But the GOP disputes claims that Republican economic policies led to the economic crisis, and Romney says Obama's policies "have stuck the economy in a slow-growth trap."

 

14Comments
Oct 2, 2012 7:35PM
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Montana 10; The market is up 65% with Obama and the right wing clowns weren`t smart

enough to invest then.they have nobody to blame but themselves.Just lick your wounds

and eat your hearts out.If you were smart you`d put your money in the market and reap

the rewards.Is it fun being on the losing,bitter side?It`s time to wake up and admit you

were wrong about Obama.It takes a man to admit you were wrong.

Oct 4, 2012 5:01AM
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The Great Debate. The chair would have done better.
Oct 3, 2012 5:52PM
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"The Obama administration says that " and that the administration has been determined to hold the financial sector accountable while increasing transparency and protecting consumers from unfair and abusive financial practices. "

 

Then break up the TBTF banks and re-instate Glass-Steagall. 

Oct 4, 2012 1:57PM
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I'm glad that Romey handed Obama a whipping yesterday at the debate.
Oct 2, 2012 4:48PM
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If the economy is the subject Wednesday night, then Obama is a dead duck, but the Obamabot led media will not let that happen.. 
Oct 4, 2012 6:57PM
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We watch the whole debate Obama vs Rommey and we are so pissed that the whole family is eating fire. There’s this maniac of Romney, pounding minute, after minute on Obama, and Obama acting like he was in another world. But ask yourself, if you were ask to debate a liar, a weekly mind charger, a person that if in front of your face tries to sell you a bunch of goof balls, will you bother to debate him? We are hard core Democrats, we have a good education, and we are not in political business, but if Romney delivered a paradox of lies to the sixty millions American people watching the debate, and fails to honestly deliver a complete assessment of the specifics of the hogwash plans he wants to do to do if he takes charge of the White house, each specific we want to know he did not delivered, and right on the spot changes his mind, and vocalizes his political plans completely opposite of what he been preaching many months before, and with malice keeps a perpetual verbal assault against you (Obama), with intent to keep his lies alive with the sole purpose of demoralizing us ( Obama), we will turn around and use the same size stick to defend ourselves. We do not believe what we saw; we think that perhaps Obama was told to play cool, and to let the monster of Romney talk to expose all his hidden nasty things he proposed to do to all of us if he gets to get the White House, but our advice to Mr. Obama, is “Next time you fight!” You make this guy eat dust, exposed completely all his lies, and distorted political wishes he wants to do us if by a lousy chance he becomes president. Stop playing it cool, you look like you have no blood, wake-up Mr. President and fight for all of the democrats that given you support, and the best in political effort! We know next time you will stop being nice, and hit back!

Oct 2, 2012 5:07PM
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I believe everything Romney says.He cares deeply about the common man.When he gets to

be Pres.he`ll give everyone a car elevator,even if they don`t have a car.He`ll everyone chicken

in every pot and 2 cars in every garage.

Oct 2, 2012 5:54PM
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Topic of Lybia? Obama has the blood of our Lybian delegation on his hands. They are more than a "bump in the road" on this campaign trail. The arrogance of this administration is disgusting! The press corps too enamored, and blind to the reality. Watch telemundo to get real journalism & media with the cahones to aske meaningful questions. Open your eyes. Absolutely disgusting.
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