US election

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Welcome back to the FT’s live coverage of the US Election 2012 in which US voters will choose between Barack Obama and Mitt Romney. As millions of Americans continue to head to polling sites around the country, some results will begin to trickle in shortly.

By Arash Massoudi and Anjli Raval in New York (All times EST)

19.00: Continue to follow our election live blog here.

18.55: How will markets react tomorrow? Michael Mackenzie, FT’s US markets editor, says bond traders believe Treasury yields are likely to fall if President Obama is re-elected as attention will focus on gridlock and the “fiscal cliff”.

“Traders think a Romney win would push the benchmark yield higher as the risk of a fiscal accident is reduced. For equities, the consensus view is that a relief rally beckons once the election result is finalised, with a Romney win pushing stocks even higher.”

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Welcome to the final round up of media coverage of the US presidential election campaign, as Americans go to the polls. You can see a live blog of the unfolding events elsewhere on FT.com, but here we review the last moments of seemingly endless months of punditry and prognostication about what might happen today. Tomorrow, it is to be hoped, the headlines will be about what actually has happened.

We start with a look at how the media have covered the crazed deadline hours of campaigning, as the candidates hurtle around swing states trying to energise voters to support them. Read more

By Gideon Rachman

Over the past few weeks, I have amused myself by betting friends that Mitt Romney will be elected president. The fun is in the shocked reaction from American liberals – and virtually all Europeans – who find the very thought of a Republican victory utterly horrifying. Even suggesting that a Romney presidency might be tolerable feels like telling Roman citizens that Alaric the Visigoth has been unfairly traduced

The final stretch: Barack Obama presses the flesh at a rally in Cincinnati, Ohio on Sunday (AP)

Welcome to the penultimate summary of media coverage of the 2012 US election campaign on a day when geography means nothing and psephology everything as the candidates make their final push for the few, surely very few, remaining undecided voters.

The polls on this last day of campaigning suggest President Barack Obama has a slight edge in the states he needs to hold – Ohio, Wisconsin, Iowa, Nevada – to keep the White House, but his opponent Mitt Romney is easily close enough for polls to be wrong and an upset to be possible.

RealClearPolitics.com shows “Obama (D)” ahead of “Romney (R)” by a sliver – half of a percentage point. Five national polls on Sunday gave the following margins: Obama +3; Obama +1; Obama +1; Tie; Tie. The possibility, last seen in 2000, of the victor losing the popular vote but winning in the electoral college, remains open. Read more

Welcome to a summary of US election coverage of a day when President Barack Obama had the luxury of dominating television screens without having to pay an extra cent in advertising, while his opponent Mitt Romney was forced into an uncomfortable position in the wings of a great drama.

 

In the Financial Times, Alan Rappeport reports from Atlantic City that Mr Obama’s position as incumbent gave him the opportunity not only to be pictured coming to the aid of a storm-battered New Jersey, but also inspecting damage alongside the state’s governor, Chris Christie, who has been one of Mr Romney’s main surrogates in attacking the president. Read more

Welcome to a summary of US election coverage on a day when the advantages of incumbency will surely continue to work on behalf of President Barack Obama.

His role in supervising the clear-up of damage caused by the biggest storm to hit the eastern US in 75 years puts the president in centre shot of news footage that for at least the next 24 hours will be broadcast into every home of the US, airtime that could not be bought.

Latest polls show the presidential race is still being fought on the thinnest margins in states that have either been dealt glancing blows by Sandy – Ohio, Virginia, New Hampshire, – or know only too well what it is like to be mangled by the forces of nature – hurricanes in Florida, tornadoes in Iowa. Read more

Just a week till presidential election day, but still time for more dialogue of the deaf about offshoring. The latest iteration was kicked off by a Romney comment (and slightly less misleading ad) wrongly suggesting that Jeep, owned by Chrysler, was moving production to China. (In fact Chrysler is restoring capacity there to service the Chinese market.) The Obama campaign has just released its response, and so another bout of breast-beating economic nationalism gets under way.

More sympathy might be due to the Obama campaign if it didn’t itself routinely equate foreign investment with sending jobs overseas, particularly its ill-advised attacks on the idea that a territorial corporation tax system would reward US companies for offshoring employment. As informed opinion on the subject routinely points out, the overall evidence is that foreign investment is a complement rather than a substitute to domestic expansion. If you want the specifics, read thisRead more

It may be a contest to become the most powerful human on the planet, but even the US presidential race has to bow to the might of nature sometimes. As Hurricane Sandy summoned up her powers to hammer the east coast of the US, organisers of the two campaigns hurriedly changed their plans and moved inland.

The weather is likely to have two effects, according to the US press, with practical concerns about travel and safety affecting both. But the campaign of President Barack Obama will be worse hit by a second factor, as the Wall Street Journal explains:

Today is the last day for in-person and mail-in voter registration in deadlocked New Hampshire, where the weather threatens to scuttle campaign stops planned by both camps next week. First lady Michelle Obama has canceled a Tuesday trip to the University of New Hampshire campus, which will be closed Monday and Tuesday in preparation for Sandy.

Mr. Obama’s campaign team is relying on banking votes during the early voting period in many states. Campaign aides are privately nervous about a potential disruption in early voting in Florida, North Carolina and Virginia.

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Welcome to a round-up of presidential election news and the quadrennial process of the “last dash for votes” stories has begun early this time around. Concepts like “momentum”, “campaign groundwork” and “heavyweight endorsements” are here to stay for the next 10 turbulent days.

Having voted in his home state of Illinois, President Barack Obama’s idea of momentum appears to consist of sitting in the Oval Office recording media interviews, while his challenger Mitt Romney has a slightly less hectic schedule than in the immediate post-debate days, with only two states, Iowa and Ohio, on his agenda on Friday. Read more

Welcome to a round up of media coverage of the presidential election as the campaign reaches the stage where the air miles really begin to stack up for those following the candidates on their jet-powered whistlestop tours.

Today, President Barack Obama and his challenger Mitt Romney criss-cross the country in search of support in critical states. The president begins the day in Florida before flying up the east coast to Virginia, then home to Chicago to cast his own (early) vote before hopping to Ohio, two states to the east, for an evening rally.

With just 11 days of campaigning left, the citizens of these states can expect to see the candidates plenty more times and hear an awful lot of speeches, but Thursday’s headlines feature remarks made by the president in what he thought was a private conversation. Read more

Clint Eastwood is back on the campaign trail, drumming up support for Mitt Romney and belittling President Barack Obama – but this time from within the safe confines of scripted, pre-recorded remarks.

The Hollywood icon caused widespread consternation – within the Romney campaign, as well as in the country – with his rambling diatribe against Mr Obama during the Republican national convention.

Then, he spent the better part of 15 minutes having a bizarre conversation laced with suggested profanities with an empty stool, on which the president was supposed to have been sitting. This ate up scarce minutes of prime-time broadcast, and raised questions about how the detail-focused Romney campaign could have let Mr Eastwood out on the stage without vetting his remarks.

But now, the veteran actor is back playing a new part, this time starring in a new ad from American Crossroads, the outside group run by Karl Rove, the former Bush adviser, which supports Mr Romney’s candidacy for president.

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President Barack Obama at a rally in the swing state of Ohio. (AFP/Getty)

Welcome to the US election news round-up on the day that the candidates switched from sparring over military planning to blitzing the battlegrounds of the ‘burbs.

The debates are done. A fortnight from now, we’ll know whether Mitt Romney has evicted Barack Obama from the White House. Unless, of course, it’s 2000 all over again and the nail-chewing lasts for 36 days.

So narrow are the margins in some states that 10 are “toss ups”, according to the rolling average of polls by RealClearPolitics.com. All 10 voted for Obama in 2008, including four – Wisconsin, Michigan, Pennsylvania and Nevada – that he won with double-digit margins. Read more

Obama and Romney debate foreign policy
The final US presidential debate focused on foreign policy, and both Barack Obama and Mitt Romney laid out their vision for America’s place in global affairs. What does it mean for the world, and are US voters really paying attention to foreign policy? Borzou Daragahi, Middle East and north Africa correspondent, Geoff Dyer, US diplomatic correspondent, and James Blitz, diplomatic and defense editor, join Shawn Donnan to discuss the candidates’ positions on Syria, Iran, China and their notable silence on Europe

In the process of undermining the Obama administration’s record during the Monday night debate, Mitt Romney painted a distorted picture of the Middle East, writes Roula Khalaf. Read more

Welcome to the round-up of reaction to Monday night’s third and final presidential debate, in which President Barack Obama went on the offensive.

The debate’s topic was foreign policy and it saw an unusual inversion of what might have been expected, with the incumbent taking up the cudgels and the challenger assuming a statesmanlike position. Mitt Romney frequently agreed with his opponent’s foreign policies, although they clashed more fiercely on China, the final subject of the final debate. Read more


President Barack Obama and Mitt Romney, the Republican challenger for the White House, faced each other for the final time before November 6 in the third presidential debate. Tonight’s contest was held in Boca Raton, Florida, and focused on foreign policy.

As with previous debates, each candidate was given two minutes to respond to each question, with a further minute for follow-ups. The forum was be hosted by veteran moderator Bob Schieffer of CBS.

Anna Fifield covered the debate live from Washington and Arash Massoudi from New York, with additional comments from FT colleagues. All times are EST.

23.42 And with that, we conclude our coverage of the third and final presidential debate. Be sure to share your final thoughts on the debate in our comment section below! Thanks for joining us for the last three weeks. We will see you next on election night.

23.40 Ed Luce ends the night with some scepticism about the impact of tonight’s debate on the overall election:

[blackbirdpie url="https://twitter.com/EdwardGLuce/status/260569426376683522"]

23.36 Stephanie Kirchgaessner, one of the FT’s US political correspondents, has dug through the archives to find a story about how Mr Romney’s holdings in China were connected to doing business in Iran, which Mr Obama cited during tonight’s debate.

[blackbirdpie url="https://twitter.com/skirchy/status/260560751880728577"]

23.34: And the latest set of post-debate results come from CNBC with 67 per cent of respondents said that Mr Obama won the debate, while 30 per cent said Mr Romney did. Read more

Welcome to the election news round-up on the morning before the third and final presidential debate, which will focus on foreign policy.

While investors may increasingly focus on the threat of the so-called fiscal cliff facing whoever wins on November 6, this potential catastrophe for the US economy will remain off the agenda as Washington DC remains obsessed with the minutiae of an incredibly tight race. Read more

(Jewel Samad/AFP/Getty)

Is it just me, or has the mood changed? I did a panel discussion on the American election at the Battle of Ideas festival here in London this morning and was surprised that the general consensus seemed to be that Obama is heading for defeat. This did not reflect the ideological bias of the panel: we had liberals and conservatives up there. Nor does it reflect the consensus opinion, as represented by the markets. Intrade still gives Obama a 60% chance of victory. Read more

Notes from the Heartland, in Williston, North Dakota

On state highway 85, trucks loaded with the means of the North Dakotan oil boom roll over the bloody headless carcasses of dogs, elk and racoons. Grit and gravel fizz through eighteen-wheelers and patter the windshield. Roadside signs scream prosperity (“We have land!”) and piety (“an embryo is a life not a choice”). Haphazardly constructed houses, campsites and hotels suggest quick-buck urgency. Machines dip in and out of wells in metronomic regularity. Flames of burnt natural gas flutter in drilled cornfields like hot orange flags of adventure and conquest.

Williston is another America. There is no unemployment. Rents would make Manhattanites blush. Jobs at Wal-Mart and McDonald’s pay twice the federal minimum wage. The city has revenue to burn. “How long do you think it will last?” ask locals, as if befuddled by the happenstance of their geography. Of course, the town has problems. Traffic, crime and prices are all on the increase. But only a minority wish the fracking would stop – and most of them have long since sold up. Read more

Welcome to a round-up of media coverage of a presidential election now so close that the candidates, with less than three weeks of campaigning left, are paying visits to states with only four votes of the 270 needed to win the electoral college on November 6.

President Barack Obama was in Manchester, New Hampshire, on Thursday, a town accustomed to the paraphernalia and pageant of primary campaigning in December and January, but not so much to autumnal visits by the victors of those primaries.

The latest poll for the New England state shows Mr Obama tied with his Republican rival Mitt Romney.
One local paper, the Eagle Tribune, reports that an enthusiastic crowd of 6,000 saw an energised president repeating many of the attack lines he used against Mr Romney in Monday’s presidential debate. Read more