Mitt Romney discussed jobs and the economy with workers and guests at the Missouri Valley Steel factory on December 16, 2011 in Sioux City, Iowa. Credit: Scott Olson/Getty Images
Despite the media frenzy over abortion and birth certificates, the biggest issue of the election is still the economy. Not to mention the fact that it will be the deciding factor for all those undecided voters.
Incumbent Obama will have to remind voters that his plan is working and that a full recovery was always going to take time. Mitt Romney, on the other hand, will point to that slow growth and an anemic recovery as evidence of bad policy.
So, what is Mitt’s plan? It’s been well documented that the former CEO wants to get the big government out of small businesses and let free-enterprise decide their success. He’ll push to lower taxes, cut spending on regulation and reduce government programs that are in place under the current administration.
While the lines in the sand have been clearly drawn, what isn’t clear is how well Romney understands the economy on a larger scale. Critics point to his time as CEO of Bain Capital as evidence of exactly what can go wrong when free-market capitalism is allowed to go unchecked and unregulated. In fact, the cable box repair company Contec Holdings Ltd, a business owned by Bain Capital, could file for bankruptcy this week. There’s also the notion that because of Romney’s background he is too out of touch with the plight of the work-a-day American people to understand the real problems facing our economic recovery.
Does Romney’s economic plan work for you or does it fall short? Does his time at Bain Capital give him credence as an economic authority or does its history raise a red flag? Does adding Ryan to the ticket, and tacitly approving his budget, make you think any differently about his campaign?
Phil Smith, The Concord Coalition
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