April 16, 2012
Bloomberg Editor: Republican Discord a Boost for Obama
San Luis Obispo — President Barack Obama should be the underdog in his campaign for re-election, but disunity among Republicans could hand him a victory in November — and a stronger hand in dealing with Congress.
That was the analysis handed down by Bloomberg News Editor Clark Hoyt at the fourth annual Central Coast Economic Symposium on April 4.
Speaking to about 300 business and community leaders in Arroyo Grande, Hoyt, a Pulitzer Prize winner and former public editor at The New York Times, said that although no president has been re-elected with an unemployment rate above 8.1 percent, “Obama has trajectory of economy on his side.” A recent Bloomberg survey found that two-thirds of the states are in recovery mode, with California’s recovery the 11th strongest among those on an upswing
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