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May 25, 2013
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Romney Foresees an Economic ComebackPosted on Mar 19, 2012
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
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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….....
Report thishttp://youtu.be/LXl10a9gJwA
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.
Report thisBy 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.
Report thisBy heterochromatic, March 19, 2012 at 1:19 pm Link to this comment
an obvious economic comeback guarantees a second term for the O, leaves
Report thisRomney bereft of issues