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Ear to the Ground

Romney Foresees an Economic Comeback

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Posted on Mar 19, 2012
AP / Steven Senne

Just folks: Republican presidential candidate Mitt Romney and wife Ann greet people during a campaign stop at Charlie Parker’s Diner in Springfield, Ill., on Monday.

Maybe he should hold this kind of optimistic talk until after the election, but on Monday, GOP presidential hopeful Mitt Romney said he thinks things are looking up for our recession-ravaged economy. Just not as much as they would have been had he been in charge over these last three years.  —KA

Los Angeles Times:

“I believe the economy’s coming back, by the way,” he said on Monday. “We’ll see what happens. It’s had ups and downs. I think it’s finally coming back. The economy always comes back after recession, of course. There’s never been one that we didn’t recover from.”

But Romney continued: “The problem is this one has been deeper than it needed to be and a slower recovery than it should have been by virtue of the policies of this president. Almost everything he’s done has made it harder for this economy to recover and that’s from Obamacare to a failed stimulus to massive deficits to Dodd-Frank. The list goes on and on.”

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By heterochromatic, March 20, 2012 at 8:09 pm Link to this comment

EZ- what we need is an economic comeuppance.

——coming up….....

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By Maani, March 20, 2012 at 6:56 pm Link to this comment

Actually, Romney is using a very well-known and oft-borne-out fact: that the state of the economy in a given president’s term is almost always the result of the policies enacted by the previous president.  This has been true (for the most part) for at least the last 20-25 years.  (Though, admittedly, each president can claim SOME successes within their own term.)  GWB was the first to break this model since at least Ronald Reagan (though it may be even earlier than that), as he inherited a balanced budget, a reasonable national debt, and between $400 billion and $600 billion surplus - which he squandered on the wars in Afghanistan and Iraq.  (Though one could argue that GWB’s initial bailout at the start of the economic meltdown helped pave the way for Obama’s later TARP and other economic policies that staved off an even greater recession or Depression.)

So if Romney is predicting that the economy will get better, it means (tacitly) that he realizes that Obama’s policies are working, and will continue to work if Romney becomes president.

Pretty simple, really.

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EmileZ's avatar

By EmileZ, March 19, 2012 at 4:03 pm Link to this comment

Screw any so-called economic comeback, what we need is an economic comeuppance.

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By heterochromatic, March 19, 2012 at 1:19 pm Link to this comment

an obvious economic comeback guarantees a second term for the O, leaves
Romney bereft of issues

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