We are fast approaching the 2012 presidential election, which promises to be a tense, tightly contested battle between incumbent President Barack Obama and former Massachusetts Governor Mitt Romney. The outcome of the election will likely hinge on the health of the US economy and the overall economic trajectory from now until election day. If the economy seems to be improving and adding a substantial number of jobs each month, the advantage goes to Obama. If the economy appears to be weakening and job growth is miniscule, Romney holds the edge. “It’s the economy, stupid” was one of the more memorable campaign slogans produced by Bill Clinton’s 1992 campaign and it holds true today.