Skip to comments.For president: Romney has real-world experience to lead nation out of economic malaise
Posted on 10/21/2012 10:02:19 AM PDT by 2ndDivisionVet
After nearly four years of economic stagnation, massive unemployment, record-setting debt and government intrusions into the economy that have paralyzed the private sector, the United States needs a new direction. For this reason, The Dispatch urges voters to choose Republican Mitt Romney for president in the Nov. 6 election.
In 2008, The Dispatch warned of the problems that would result if Barack Obama were chosen as president. Noting the scant experience that Obama offered the nation in 2008 eight unremarkable years in the Illinois Senate and less than one term in the U.S. Senate the newspaper said:
A resume containing so little evidence of leadership and accomplishment leaves in question Obama's ability to handle the most responsible and difficult job in the world, especially at a time when the nation faces a combination of problems so large and complex that they would challenge even the most seasoned leader.
Four years later, the nation is in the grip of the worst economic recovery since the Great Depression.
The Dispatch also noted: Nor does it seem likely that a man who has traveled in the left lane of American politics for his entire adult life really is the bipartisan centrist that he claims to be.
The Dispatch accurately predicted what would happen if Obama were elected president while Democrats held a majority in the U.S. House and Senate: A return to majority status is likely to unleash pent-up demand to enact a Democratic wish list of new and expensive social programs when the nation can't afford the ones it has.
Indeed, the presidents first order of business was to ram through a massive, one-party overhaul of health care, thrusting the government into the drivers seat for a sixth of the U.S. economy. This ham-fisted power play accomplished with bald political bribery and backroom deals was rebuked by voters just a few months later, when they fired dozens of Democratic members of Congress and handed the U.S. House back to the GOP. This put an end to further Democratic policy adventures.
Four years after promising hope and change, and after a deficit-driving $787 billion stimulus program, here is the result:
12.1 million unemployed, with an unemployment rate above 8 percent for 43 of the past 44 months.
8.6 million working part time because they cant find full-time work
2.5 million who wanted to work, but have stopped looking for jobs.
In 2009, real median household income was $52,195. By 2011, it had fallen to $50,054
In 2009, the U.S. poverty rate was 14.3 percent. By 2011, the poverty rate climbed to 15 percent.
On Obamas watch, 12 million more Americans joined the food-stamp program, which has reached a record of more than 46 million enrollees.
Annual federal budget deficits above $1 trillion for the past four years, increasing the national debt to an all-time high of $16 trillion.
On that last point, it was freshman U.S. Sen. Barack Obama, who said on March 16, 2006, as he prepared to vote against raising the debt ceiling to (a mere) $9 trillion:
Leadership means that the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
Americans do deserve better, and the fact that the president now regrets his 2006 stand is another reason why he is unsuited to a second term.
Here is another: On Feb. 23, 2009, the year the federal deficit would total $1.4 trillion, Obama said, Today I am pledging to cut the deficit we inherited in half by the end of my first term in office. ... I refuse to leave our children with a debt that they cannot repay, and that means taking responsibility right now, in this administration, for getting our spending under control."
Instead, he has given the nation $1 trillion annual deficits ever since.
Obama has failed. That is why Mitt Romney is the preferred choice for president. Romneys adult life has been spent turning around troubled private and public institutions. These turnarounds include scores of companies acquired and restructured by Bain Capital, the investment firm he founded in 1984. Not all were successes, but that is because to a significant degree, many of the companies Bain took on were high-risk. In 1999, he was asked to take over the scandal-plagued and fiscally mismanaged 2002 Olympics in Salt Lake City. He quickly streamlined its management, fixed its finances and guaranteed its security, turning it into a success. As governor of Massachusetts, he made tough decisions to lead the state out of a budget deficit, and he did so in a state dominated by Democrats.
As a career businessman and former governor, Romney brings a wealth of executive experience in the private sector and the public sector that dwarfs that of Obama. From working both sides of the government/private-sector equation, he understands how that relationship can aid or impede prosperity. His election would be an immediate signal to the private sector that someone who knows what he is doing is managing the nations economic policy. The effect on business confidence would be dramatic and immediate, and business confidence is the vital ingredient needed to spur investment and hiring, the two things that the United States so desperately needs.
In 2008, Americans made a leap of faith when they elevated the inexperienced Obama to the White House. That faith was not rewarded. This time, voters should place their hopes for change in experience, by electing Romney.
I haven’t been able to think of Romney as a politician. I see him more as a businessman first. I think we’re going to have to throw the politicans under the bus if we are ever going to be able to fix this mess we’re currently in. JMO.
Everything Obama has done in the last 4 years has been a “political payoff”. The problem is...a lot of those political folks are now dependent on Obama and he’s not going to be there.
Most importantly, I think Romney has the desire to get the country out of the Obama malaise.
Romney was certainly not my first choice philosophically, but he does have a proven record of getting things done, and being able to function on a high level executively. Those things are indispensible in a President.
Personally, I don’t see how you get a yearly trillion dollar deficit cut down to a managable size without a massive federal layoff and bennie cut.
Perhaps, open up all our natural resources so we become an oil/energy exporter?
Just look at how hard it always was to get a 200 billion deficit cut down to size.
Obama has set us on a course for destruction that may be hard to change. (Still want his commie ass tossed, though)