The American Election 2012                Arthur Hall        Nümbrecht 6th November 2012                                  ...
Let me tell you a little story…           On inauguration day in January 2009                  Barack Hussein Obamathe 47 ...
Let me tell you another little story• Also in         2009: A Burning Question• Did Mitt Romney pay any taxes in 2009?• Ro...
Mitt Romney at a fund raising dinner…• Q&A behind closed doors at the $50,000-per-plate  fundraiser in Boca Raton on May 1...
Mitt Romney on the Palestinians…On the "almost unthinkable" prospectsfor Mideast peace:"And I look at the Palestinians not...
Overall Election                       Spending 2012          OBAMA TEAM                       ROMNEY TEAM          $924,7...
Mitt Romney as successful businessman    • Mitt Romney is basing his presidential campaign      largely on his success as ...
How Romney made his money• Private equity companies like Bain Capital are not primarily about  producing wealth• They prof...
How Obama made his money• In his 2004 financial statements, Barack Obama indicated that  he had three sources of income. O...
Candidate‘s Personal WealthThe Obamas                     Mitt Romney• Barack and Michelle          • Mitt Romney, estimat...
Economy            Obama                              Romney                                  • Plan centres on tax cuts• ...
Healthcare        Obama                                    Romney• Vast 2010 healthcare reform       • Would seek repeal o...
Taxes        Obama                                Romney• Has cut effective taxes for   • Would make permanent all Bush-  ...
Iran             Obama                                Romney• Says he is determined to prevent    • Says it is unacceptabl...
National security and war        Obama                                Romney• Has killed much of al-         • Would spend...
Afghanistan              Obama                       Romney• Initially increased the      • Has said his "goal" would be  ...
Illegal Immigration            Obama                 Romney• Used executive power to         • Criticises Mr Obamas  grant...
Abortion           Obama                           Romney                              • Says "My presidency will be a pro...
Energy            Obama                  Romney• Supports investment in clean     • Would ease regulations  energy such as...
Key States to watch           with Electoral College votes•   Colorado        •    9•   Florida         •   29•   Iowa    ...
And then came the results …Presidential 270 to win303 Obama           206 RomneyObama               60,447,060 votes    (5...
More information  http://elections.huffingtonpost.com/ 2012/romney-vs-obama-electoral-map• Obama Website:        • Romney ...
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The american election 2012 arthur

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The american election 2012 arthur

  1. 1. The American Election 2012 Arthur Hall Nümbrecht 6th November 2012 1
  2. 2. Let me tell you a little story… On inauguration day in January 2009 Barack Hussein Obamathe 47 year-old son of a white Kansan and a black Kenyan a highly talented man but of limited political experience from Illinois became the 44th President of the United States then President Obama and his wife and children slept at the 1600 Pennsylvania Avenue White House it was a white house built by black men slaves of West African heritage 2
  3. 3. Let me tell you another little story• Also in 2009: A Burning Question• Did Mitt Romney pay any taxes in 2009?• Romneys refusal to release tax returns prior to 2010 has both parties thinking he has something to hide. One theory is that he didnt pay a penny in taxes in 2009• Best Opinion: Businessweek, Bloomberg View, Washington Post 3
  4. 4. Mitt Romney at a fund raising dinner…• Q&A behind closed doors at the $50,000-per-plate fundraiser in Boca Raton on May 17 2012• On the 47 percent of Americans he regards as moochers:• "There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe that government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you name it." 4
  5. 5. Mitt Romney on the Palestinians…On the "almost unthinkable" prospectsfor Mideast peace:"And I look at the Palestinians notwanting to see peace anyway, forpolitical purposes, committed to thedestruction and elimination of Israel, andthese thorny issues, and I say theres justno way." 5
  6. 6. Overall Election Spending 2012 OBAMA TEAM ROMNEY TEAM $924,798,889 $974,905,862 University of Goldman1 $1,079,526 $994,139 California Sachs Microsoft Bank of2 $761,343 $921,839 Corp America3 Google Inc $737,055 Morgan US $827,2554 $614,665 Stanley Government JPMorgan Harvard $792,1475 $602,992 Chase & Co University Credit Suisse $618,941 Group 6
  7. 7. Mitt Romney as successful businessman • Mitt Romney is basing his presidential campaign largely on his success as a businessperson building Bain Capital into a leading private equity company • While it is questionable how much success in business prepares a person for success in the White House (Herbert Hoover was the last president with notable success as a businessperson) • It is important to understand that Mr. Romney is not a successful business person in the same way as other people who have built successful companies 7
  8. 8. How Romney made his money• Private equity companies like Bain Capital are not primarily about producing wealth• They profit largely by siphoning off wealth created elsewhere in the economy. There are many different ways in which this diversion of wealth is accomplished. The simplest and most common trick is gaming the tax code.• It is absolutely standard practice for private equity companies to immediately load up the companies they acquire with debt.• This has two benefits for the PE company. First, it allows them to get most of their money back right away. They end up with a heavily leveraged company, where the PE company is still in control, but has little of its own money at risk. 8
  9. 9. How Obama made his money• In his 2004 financial statements, Barack Obama indicated that he had three sources of income. One was an $80,287 salary from the Illinois Senate, where he was a state senator• The other was a $32,144 salary from the University of Chicago Law School, where Obama taught as a lecturer while he was in the statehouse• The third was Michelles salary from the University of Chicago Hospitals, where she was an administrator• Later, he made a fortune from the two books he wrote about his life and he invested it wisely 9
  10. 10. Candidate‘s Personal WealthThe Obamas Mitt Romney• Barack and Michelle • Mitt Romney, estimated at Obama have assets worth over $200m up between $2.6m and • Refused to publish tax $8.3m, according to returns for 2009 financial disclosure forms for 2011 made public by the White House• Obamas assets show he is far from being an average American 10
  11. 11. Economy Obama Romney • Plan centres on tax cuts• Signed the stimulus, a $768bn • Repeal of Obamas 2010 package of tax cuts and healthcare reform law investment in education, • Repeal of 2010 Wall Street and infrastructure, energy banking regulations, and in research, health, and other general the reduction of other regulations he says stifle programmes economic growth• Backed a bailout of the US • Opposed the auto industry auto industry bailout• Signed trade agreements with • Proposes to reduce federal Colombia, Panama and South spending significantly but gives Korea few details about which programmes he would cut 11
  12. 12. Healthcare Obama Romney• Vast 2010 healthcare reform • Would seek repeal of Mr Obamas law aims for universal health health law, though it is modelled insurance coverage by on a law he signed in requiring individuals who are Massachusetts not otherwise covered to • Would return most health policy purchase insurance to the states• Restricted insurers ability to • Would limit doctor malpractice lawsuits deny coverage based on pre- existing ailments • Would encourage individuals without insurance to buy it on the• The law offers states grants to private market, including by increase enrolment of poor purchasing it in other states with people in the Medicaid public lighter coverage requirements insurance programme and lower costs 12
  13. 13. Taxes Obama Romney• Has cut effective taxes for • Would make permanent all Bush- era tax cuts most Americans • Further cut individual income tax• Would repeal Bush-era tax rates • Eliminate taxes on investment cuts for households making income more than $250,000 a year • repeal the estate tax, and reduce the corporate income tax rate• proposes the "Buffet rule" • According to the non-partisan Tax named for billionaire Policy Center, taxpayers at high Warren Buffet, which would income levels would see the greatest benefit. Would make up increase the effective tax the revenue by closing unnamed rate paid by millionaires tax loopholes 13
  14. 14. Iran Obama Romney• Says he is determined to prevent • Says it is unacceptable for Iran Iran from developing a nuclear to possess a nuclear weapon weapon• Opposes a near-term military • Says military action "remains strike by US or Israel on Irans on the table" and analysts say nuclear facilities he presents a clearer military• emphasises need for a diplomatic threat to Iran solution but warns "that window is closing" and has said "all • Would send Navy ships to options are at the table“ patrol the Mediterranean and• signed new sanctions against Persian Gulf; calls for more Irans central bank, oil revenues sanctions; would publicly back and financial system Iranian opposition groups 14
  15. 15. National security and war Obama Romney• Has killed much of al- • Would spend heavily on Qaedas leadership, military hardware and including Osama Bin Laden invest in missile defence• Pulled US troops out of Iraq • Add an estimated $100bn to• Agreed to a $487m the Pentagons budget reduction in defence • Reduce the civilian defence spending over 10 years with bureaucracy congressional Republicans 15
  16. 16. Afghanistan Obama Romney• Initially increased the • Has said his "goal" would be number of troops in "a successful transition to Afghanistan; has begun a Afghan security forces by draw-down of US troops the end of 2014" with the combat mission to • But pledges to review end by 2014 withdrawal plans and base them "on conditions on the ground as assessed by our military commanders" 16
  17. 17. Illegal Immigration Obama Romney• Used executive power to • Criticises Mr Obamas grant legal status to certain "stopgap" measure on young illegal immigrants young illegal immigrants but• Bypassing Republicans in does not say whether he Congress would overturn it• Has dramatically increased • Says the US should deportations of illegal encourage migrants to "self- immigrants deport" by making life hard for them 17
  18. 18. Abortion Obama Romney • Says "My presidency will be a pro-• Supports abortion rights life presidency”• Appointed two Supreme • He supported abortion rights Court justices who appear when he was running for to favour abortion rights governor Massachusetts in 2002 • Supports overturning the Roe v. Wade Supreme Court ruling legalising abortion and allowing states to decide whether abortion should be legal • Would strip federal funding from Planned Parenthood womens health clinics 18
  19. 19. Energy Obama Romney• Supports investment in clean • Would ease regulations energy such as wind turbines preventing coal-burning power and advanced car batteries plants, oil exploration and• Tightened car fuel efficiency nuclear power plant and emissions standards construction• Blocked development of the • Would encourage drilling for Keystone oil pipeline to move oil in the Atlantic and Pacific oil sands crude from Canada to outer continental shelves the Gulf of Mexico • Proposes to ease regulations• Says the US had not had • Pledges to build the Keystone sufficient time to judge its pipeline environmental impact 19
  20. 20. Key States to watch with Electoral College votes• Colorado • 9• Florida • 29• Iowa • 6• New Hampshire • 4• Ohio • 18 In recent elections, the Buckeye State has proved itself to be a remarkably good predictor of the election winner. Since 1944, Ohioans have sided with the losing candidate only once – opting for Nixon over Kennedy in 1960• Virginia • 13• Wisconsin • 10 20
  21. 21. And then came the results …Presidential 270 to win303 Obama 206 RomneyObama 60,447,060 votes (50.4%)Romney 57,644,747 votes (48.1%)Senate (upper) 54 Democrats (up 1) 45 Republicans (down 2)House (lower) 195 Democrats (up 2) 234 Republicans (down 8) 21
  22. 22. More information http://elections.huffingtonpost.com/ 2012/romney-vs-obama-electoral-map• Obama Website: • Romney Website:• www.barackobama.com • www.mittromney.com 22

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