After winning the 2008 election, beating the republican John McCain, and being the first African-American president who extinguished any trace of racism left in the American soil, Barack Obama is once again on the poll.

This time, the African-American president is up against the former governor of Massachusetts – Mitt Romney. The 65 year old Republican is the 70^th governor of Massachusetts who has a good educational background in Business Administration. He obtained his joint Juris Doctor and Master of Business Administration from the Harvard University. On the other hand, President Barack Obama is a graduate of Harvard Law School and has proven his worth in the past 4 years. He signed various legislation to counter the economic recession in 2007 to 2009. Some of which are the American Recovery and Reinvestment Act of 2009; Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

The clash between the two Harvard University graduates had already begun at the first round of the presidential debates. Romney said the current president favors a form of “trickle-down government” with more taxes and regulations according to a Bloomberg report. Obama rebutted the argument by saying that Romney favors the wealthy through his “top-down economics” and loading the burden to the shoulder of the middle class Americans.

According to past statistics, although the debates really has a huge impact on the outcome, it still fails to decide the result of elections. The election which will decide the fate of the greenback for the next 4 years is scheduled to be held on November 6,2012.

Stephen Stevenson