Economy May Not Care Who’s President

Who wins? The American people. The economy looks to be on track for steady improvement no matter who wins the White House on Tuesday, according to analysts. Consumer spending is up and household debt is at nearly a 10-year low, teeing up a recovery for whichever candidate is fortunate enough to win office, and claim credit. “The die is cast for a much stronger recovery,” said Moody’s analyst Mark Zandi. The big remaining issue will remain the budget deficit, and the CBO has warned that the looming fiscal cliff could drive the country back into a recession.