Published December 01, 2012
No president since Franklin D. Roosevelt has been re-elected amid such poor economic performance, but economist Duch Darin told VOA Khmer this week that President Barack Obama’s stimulus package, auto industry bailout and other economic decisions helped him win a second term in office.
The US is facing a sluggish economy, with unemployment reaching 7.9 percent in October, just ahead of the November presidential election. The real GDP growth was at just 2 percent in the third quarter of the year, also ahead of the election.
However, Duch Darin, a Florida-based economist, said Obama’s policies were viewed by many as a help to the middle class and to university students, securing his win over Republican rival Mitt Romney.
Obama now faces what is called the “fiscal cliff,” an automatic end to tax cuts and cut to government spending that will be enacted at the end of the year if he and Congress cannot reach a budget agreement.
This will be the next challenge facing the president, Duch Darin said. VOA Khmer's Yann Ker has the interview.