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Business Times - 02 Mar 2012 Saving carmakers could save Obama It will be difficult for pro-bankruptcy Romney and Santorum to challenge the pro-b

Business Times - 02 Mar 2012


Saving carmakers could save Obama

It will be difficult for pro-bankruptcy Romney and Santorum to challenge the pro-bailout president in November polls

By LEON HADAR
WASHINGTON CORRESPONDENT

AFTER their impressive Congressional victories in 2010, including the taking over of the House of Representatives, Republicans seemed to be on a roll and on their way to the White House in 2012.

Against the backdrop of a very slow economic recovery, an all-time high unemployment rate and exploding budget deficits, Democratic President Barack Obama was seen to be vulnerable.

Mr Obama had been losing support among independent voters who had helped him win the presidency in 2008 and whose backing remains crucial to his re-election in November, and it seemed that he could not even count on his Democratic fans among the young and the educated professionals to get out and vote for him on Election Day.

At the same time, the enthusiastic base of the Republican Party, fired up by the T…