From the class of 09 wrote:Why would the economic situation get ugly? After November our private sector will have a much better idea of what the new rules will be and will be able to move forward. Obama isn't going to help much of anything IMO but he's hardly a hinderance that the private sector can't overcome. It helps that the Rep will keep the House and maybe even out the Senate?!? Although if the Rep are feeling too frisky and don't deal with the fiscal cliff we willl have major issues but the Rep will be to blame just as much as Obama and his Dem friends.
Companies are making money now and are leaner then ever, give them some consistancy and they'll know where to invest some of their cash. Right now compaines are happy to sit until the elections and the fiscal cliff issues gets resolved. If they both get handled things will be looking up reguardless of who is president.
All that said I think Romney could help the situation more then 4 more years, but lets not act like the Rep have some stellar track record of responsible spending, balanced budgets, or even being reasonable to a large degree.
I agree that in general the economy improves when we have a stable set of policies. But in general, I don't think one can say with certainty that companies are sitting on their cash only because of the stability issue. I think there is something to say for the new regulations that have been proposed and instituted over the past 4 - 8 years (Obamacare, EPA, etc.). Off-shoring of jobs is going to continue to occur as well if we continue to operate under our current tax structure, or implement the changes suggested by Obama... so while I can see the picture improving once the election occurs, I'm not as optimistic as you because I believe there are fundamental problems for long term growth that will at least inhibit a recovery, and in the worst case scenario, prevent it from taking hold.
You're right about budgets, though. In the past 10 years, there hasn't been much leadership from either party.