Support Marketplace

Why the next president wins twice

People stand in a line that stretched around the block to enter a job fair in New York City.

Sudeep Reddy from the Wall Street Journal and Leigh Gallagher from Fortune Magazine discuss how whoever wins the presidency next week not only wins the election, but also credit for the U.S. economy recovery.

"I think a lot of this is because of what's happened over the last four years," says Gallagher. "We already regained back half of what we lost, so we are already in a recovery. The seeds have been sown. Who knows what's going to happen in the next four years, but I think that a lot of this groundwork has already been laid because we are in a recovery."

"Whoever gets the big win on Tuesday will inherit an economy that is fundamentally better than it was four years ago because we were in a severe crisis back then," says Reddy. "And we've worked through a lot of the excess -- all of the overburdened households, in terms of personal debt, a lot of that has been worked through -- so time has healed this wound, somewhat."

There's more in the conversation about the October jobs numbers, the effects of Sandy and what's coming after Election Day. Listen to the full audio above.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy.

Comments

I agree to American Public Media's Terms and Conditions.
With Generous Support From...