This debate is about the real track record

The second presidential debate will focus on the economics of the middle classes, writes CAP's Heather Boushey.

President Obama and Governor Romney are preparing for their next big showdown in New York tonight. This debate will feature audience questions in a “town hall” format. Many Americans, including myself, will want to know who will do more over the next four years for the middle class and who will support the strongest job creation. This is the key challenge facing American and is the political territory that could be most decisive in next month’s election.

Romney will win this debate if he is able to convince the American public that President Obama’s economic policies have been a failure and that his economic plan will generate job gains. Romney claims that his economic plan will create 12 million jobs and that 7 million of them will come about as a result of his tax cuts.

But US economists, including myself, question whether Romney’s job creation claim can be believed. If anything, Romney’s 59-point economic plan will most likely push the US back into a recession. Economists estimate that, at best, it will create around 87,000 jobs in next year, or, at worse, could actually lead to the loss of anywhere between 300,000 to 600,000 jobs.

Romney’s economic plan is a “jobs fail” because it is based on the same economic logic that supply-siders have been pushing on the US economy for some time now. The supply-side story is that if the government gives the wealthy back their taxes, they will invest those added funds, thus growing the economy, creating jobs, and improving middle-class incomes. In the 1980s and 2000s, policymakers did exactly that, but it didn’t work. Both eras experienced significant tax cuts aimed at higher-income households that were supposed to spur investment.

President Obama will win the debate if he runs on his record and exposes the Romney economic plan. Over the past year, the US economy has added 1.8 million jobs, which is a strong track record of solid job gains, month after month. The private sector has added jobs every month for 31 months and the unemployment rate is now where it was when Obama took office.

Jobs have come back because policymakers acted decisively. In February 2009, before he had even been in office a month, President Obama signed the American Recovery and Reinvestment Act, which pumped nearly $800bn into the U.S. economy and stopped the haemorrhaging of jobs. Later that year, the administration helped stabilize the auto industry, which has helped that sector turn itself around into a job-generating industry for 27 of the past 36 months.

If Obama can articulate his record and expose Romney’s plan, tonight’s debate will be a home run. If Romney can avoid scrutiny and run down the President’s record it, could be game on for the third and final debate.

Heather Boushey is Visiting Fellow at IPPR and Senior Economist at CAP

Obama and Romney after the first debate. Photograph: Getty Images

Heather Boushey is a Visiting Fellow at IPPR and senior economist at the Centre for American Progress in Washington DC

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Inside a shaken city: "I just want to be anywhere that’s not Manchester”

The morning after the bombing of the Manchester Arena has left the city's residents jumpy.

On Tuesday morning, the streets in Manchester city centre were eerily silent.

The commuter hub of Victoria Station - which backs onto the arena - was closed as police combed the area for clues, and despite Mayor Andy Burnham’s line of "business as usual", it looked like people were staying away.

Manchester Arena is the second largest indoor concert venue in Europe. With a capacity crowd of 18,000, on Monday night the venue was packed with young people from around the country - at least 22 of whom will never come home. At around 10.33pm, a suicide bomber detonated his device near the exit. Among the dead was an eight-year-old girl. Many more victims remain in hospital. 

Those Mancunians who were not alerted by the sirens woke to the news of their city's worst terrorist attack. Still, as the day went on, the city’s hubbub soon returned and, by lunchtime, there were shoppers and workers milling around Exchange Square and the town hall.

Tourists snapped images of the Albert Square building in the sunshine, and some even asked police for photographs like any other day.

But throughout the morning there were rumours and speculation about further incidents - the Arndale Centre was closed for a period after 11.40am while swathes of police descended, shutting off the main city centre thoroughfare of Market Street.

Corporation Street - closed off at Exchange Square - was at the centre of the city’s IRA blast. A postbox which survived the 1996 bombing stood in the foreground while officers stood guard, police tape fluttering around cordoned-off spaces.

It’s true that the streets of Manchester have known horror before, but not like this.

I spoke to students Beth and Melissa who were in the bustling centre when they saw people running from two different directions.

They vanished and ducked into River Island, when an alert came over the tannoy, and a staff member herded them through the back door onto the street.

“There were so many police stood outside the Arndale, it was so frightening,” Melissa told me.

“We thought it will be fine, it’ll be safe after last night. There were police everywhere walking in, and we felt like it would be fine.”

Beth said that they had planned a day of shopping, and weren’t put off by the attack.

“We heard about the arena this morning but we decided to come into the city, we were watching it all these morning, but you can’t let this stop you.”

They remembered the 1996 Arndale bombing, but added: “we were too young to really understand”.

And even now they’re older, they still did not really understand what had happened to the city.

“Theres nowhere to go, where’s safe? I just want to go home,” Melissa said. “I just want to be anywhere that’s not Manchester.”

Manchester has seen this sort of thing before - but so long ago that the stunned city dwellers are at a loss. In a city which feels under siege, no one is quite sure how anyone can keep us safe from an unknown threat

“We saw armed police on the streets - there were loads just then," Melissa said. "I trust them to keep us safe.”

But other observers were less comforted by the sign of firearms.

Ben, who I encountered standing outside an office block on Corporation Street watching the police, was not too forthcoming, except to say “They don’t know what they’re looking for, do they?” as I passed.

The spirit of the city is often invoked, and ahead of a vigil tonight in Albert Square, there will be solidarity and strength from the capital of the North.

But the community values which Mancunians hold dear are shaken to the core by what has happened here.

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