
October 22, 2012
President Obama and Mitt Romney held their second debate in the state of New York on October 16. After his weak performance in the first debate on October 2, Obama had to regain lost ground. He did – and defended his policy aggressively. Obama and Romney had heated exchanges on jobs, taxes, the budget and growth, on immigration reform, foreign affairs, women’s rights and their visions for the US. Since the first debate, Obama has scored worse in polls than at any other time before. Polls reflecting his performance in the second debate will only become available next week but are likely to improve again. With 18 days to go, the race is neck-and-neck. Several important swing states such as Florida, North Carolina, Ohio, Virginia and Wisconsin are within the margins of error yet Obama has a much higher safe electoral vote base. Romney’s challenge remains winning Florida, Virginia and several other swing states while Obama will likely win Ohio and needs only a very few more. However, competition for the White House is strong now. In the Senate, a few crucial races are too close to call; a continued Democratic majority seems more likely than not. In the House, the Republicans will likely maintain control as a large shift towards Democrats is not within range given the tight race for the White House.
© Copyright 2013. Deutsche Bank AG, DB Research, D-60262 Frankfurt am Main, Germany. All rights reserved. When quoting please cite “Deutsche Bank Research”.
The above information does not constitute the provision of investment, legal or tax advice. Any views expressed reflect the current views of the author, which do not necessarily correspond to the opinions of Deutsche Bank AG or its affiliates. Opinions expressed may change without notice. Opinions expressed may differ from views set out in other documents, including research, published by Deutsche Bank. The above information is provided for informational purposes only and without any obligation, whether contractual or otherwise. No warranty or representation is made as to the correctness, completeness and accuracy of the information given or the assessments made.
In Germany this information is approved and/or communicated by Deutsche Bank AG Frankfurt, authorised by Bundesanstalt für Finanzdienstleistungsaufsicht. In the United Kingdom this information is approved and/or communicated by Deutsche Bank AG London, a member of the London Stock Exchange regulated by the Financial Services Authority for the conduct of investment business in the UK. This information is distributed in Hong Kong by Deutsche Bank AG, Hong Kong Branch, in Korea by Deutsche Securities Korea Co. and in Singapore by Deutsche Bank AG, Singapore Branch. In Japan this information is approved and/or distributed by Deutsche Securities Limited, Tokyo Branch. In Australia, retail clients should obtain a copy of a Product Disclosure Statement (PDS) relating to any financial product referred to in this report and consider the PDS before making any decision about whether to acquire the product.