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Romney suggests that he would emulate European policies

Mitt Romney said today that, regarding the U.S. economy, he would “look at what the president’s done, and do the opposite.”

HERE‘s what that means:

Four years ago, the economy was shrinking; now it’s growing. Four years ago, the economy was hemorrhaging jobs; now it’s gaining jobs. Four years ago, the unemployment rate was going up; now it’s going down. Four years ago, the stock market was crashing; now it’s reaching new heights. Four years ago, the deficit was getting bigger; now it’s getting smaller. Four years ago, the American auto industry was on the verge of collapse; now it’s thriving.

Is Romney sure he wants to look at the Obama administration’s policies and do the opposite?

In this case, the opposite would, as a practical matter, mean European-style austerity measures, taking capital out of the economy, dramatically scaling back public investments, and prioritizing debt reduction over growth.

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2 Comments

  1. expdoc

    Didn’t know where to post this for you Pat, but I knew you would be interested.

    At least Walker isn’t following Pat Quinn’s policies. Keep in mind when you look at this poll that Wisconsin was ranked 41 in 2010, the last year of Diamond Jim Doyle and Democratic control of the State House in Wisconsin.

    http://chiefexecutive.net/best-worst-states-for-business-2012

    It may be no accident that most of the states in the top 20 are also right-to-work states, as labor force flexibility is highly sought after when a business seeks a location. Several economists, most notably Ohio State’s Richard Vedder and Harvard’s Robert Barro, have found that the economies in R-to-W areas grow faster than other states, have higher employment and attract more inward migration. Governor Scott Walker’s battle with the unions in Wisconsin (See “Will Wisconsin Rise Again?”), a state that edged into the top 20 this year for this first time, demonstrates that the struggle for a pro-growth agenda can be contentious. As one Badger State business leader remarked, “Finally, Wisconsin is headed in the right direction.”

  2. expdoc

    Oh yeah, I forgot.

    Illinois is 48th.

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