October 29th, 2012
10:22 AM ET

How the U.S. economy is coming back

By Fareed Zakaria

The fiscal cliff looms ominously. But compared with the rest of the industrialized world and the arc of other post-bubble recoveries, the United States is ready for a robust revival.

This is partly because of the dynamism of the U.S. economy, but also because of the timely and intelligent actions of the Fed and the Obama administration. The next president will reap the rewards of work already done.

So it would be the ultimate irony if, having strongly criticized almost every measure that contributed to these positive trends, Mitt Romney ends up presiding over what he would surely call “the Romney recovery.”

Watch the video for the full take.

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Topics: 2012 Election • Economy • United States

soundoff (44 Responses)
  1. rightospeak

    Keep on dreaming ! As naive an article on the most serious crisis in my lifetime in this country as I have seen. Nothing will change untill Globalism is thrown out, borders get closed, importation of slave labor products stop-we can not compete with Communist China, a totalitarian state. Off shored jobs need to return, but above all -all wars must stop immediately to save money.
    It is really funny to see Mr. B's picture behind (he is probably laughing at the nonsense) as if the speech was done in a totalitarian state, by a government functionary with a picture of Stalin behind him-it is all propaganda.
    The interest rates are artificially squeezed by Mr.B to siphon off more money from the middle class-he rules this country, Obama or Mitt has little to say. Obama will win (see how accurate I was long ago), interest rates will go up till the U.S. dollar drops in value because of all the printing of paper by the Fed,a private bank. I love to quote Wyndham Lewis who wrote in 1937 : [The central reserve executive ( the guy on the picture behind you ) is able to run the market up or down at will, and overnight to break or make anybody and everybody in the chaos of some "slump".The gentle art of 'buying cheap and selling dear " has never known such a fabulously perfect instrument. ] Mr. B runs the show and it was known in 1937. Ron Paul was the only candidate to mention about ending the Federal Reserve,a private bank, and he was marginalized and viciously attacked by a group of powerful people.

    November 4, 2012 at 10:23 am | Reply
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