Expert: Economy improves whoever wins

Nov. 6, 2012 at 5:05 PM

PHILADELPHIA, Nov. 6 (UPI) -- No matter who wins the election for U.S. president, the economy will continue to improve, an economist says.

Benjamin Liebman, an economist at St. Joseph's University in Philadelphia, there's no doubt that the economy is the deciding factor for many voters.

However, Americans are looking to presidential candidates for a fast remedy, but the reality will be far less immediate, Liebman said.

"The economy is already slowly improving, and probably will continue to do so, regardless of who's elected," Liebman said in a statement. "What's reasonable for the candidates to promise is that they will help set the stage for more rapid, more sustainable economic growth and reduced deficits. But, either winner will have to work with Congress to enact policies to achieve these goals, so compromise is going to be important."

Moody Analytics predicted 12 million jobs would be created in the next four years no matter who was is elected.

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