Obama Wins, Economy is Paralyzed

8 Nov 2012

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In this panel discussion hosted, shortly after American President Barack Obama was re-elected, Jeff Faux Founder and Distinguished Fellow of the Economic Policy Institute in Washington, DC contends, "One of the realities of this election was that it wasn't so much an Obama victory as it was a Romney and Republican defeat. Given the state of the economy, the Republicans should have won…They didn't because they've gone just too far to the right for the people to stomach…So I think while we dodged the bullet of a really reactionary group of people in the White House, we're still left with a Democrat much too influenced by Wall Street."

"So here we are with Barack Obama re-elected with an economy that still sucks, with no plans for a real job recovery."

© The Real News Network

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