On Tuesday, in the wake of the tragic death of US embassy staff in Libya, Mitt Romney slurred president Obama as a terrorist sympathising anti-colonial Kenyan Muslim (I paraphrase). Afterwards, showing all the political nous and weight of a daddy long legs, he smirked to himself as he thought “those dead Americans really helped my election chances.”
On Thursday, Ben Bernanke announced a round of open ended QE which sent markets up and which might just feed through to improved labour market conditions through September and October. Some would call this political interference. I call it beginning to take their job seriously, they don’t choose the political cycle.
Today, Obama is the incumbent, presiding over an accelerating economic recovery and is faced with an opponent disliked by the press and who smiles at dead Americans. Smells like victory to me.