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Analysis: Why Romney lost US presidential race

Published on Nov 7, 2012 1:42 PM
 
US Republican presidential nominee Mitt Romney is seen on a screen during his election night rally in Boston, Massachusetts on Nov 6, 2012. On paper, Republican presidential challenger Mitt Romney has everything he needs to win the White House this year. But in the end, the 65-year-old former Massachusetts governor lost because he lacked that one critical ingredient - the political instincts to make the advantages and opportunities count. -- PHOTO: REUTERS

WASHINGTON - On paper, Republican presidential challenger Mitt Romney has everything he needs to win the White House this year.

He has a strong business background that appeals to economically anxious voters, the support of outside groups that have raised an unprecedented amount of money to support him, and most importantly, a persistently high level of joblessness that puts unrelenting pressure on the incumbent, President Barack Obama.

But in the end, the 65-year-old former Massachusetts governor lost because he lacked that one critical ingredient - the political instincts to make the advantages and opportunities count.

Mr Obama, in contrast, made full use of the power of incumbency and his battle-hardened re-election team to carve out a victory that defied economic gravity. No sitting US president since the Great Depression in the 1930s has won a second-term with unemployment this high.

 
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