Clinton Global Initiative: Romney Tackles Futile Foreign Aid, Stop Handouts, Give a Hand UP

GOP presidential candidate, former MA Governor Mitt Romney appears on stage with former Pres Bill Clinton at Clinton’s Global Initiative Convention in New York City. Sept 25, 2021 (Photo - Evan Vucci/AP )

Today, Governor Mitt Romney and former President Bill Clinton walked across a stage, side-by-side, to stand together at a lectern before a large crowd. The meeting of the 8th annual Clinton Global Initiative in New York City had begun; Romney was about to speak. Yes, the guy who saved Obama’s bacon at the Democratic National Convention offered kind introductory words for Obama’s opponent, Mitt Romney (see link in next paragraph).

Before getting to the meat of his remarks, Governor Romney began with some humor. After Clinton’s intro, Romney quipped “If there’s one thing we’ve learned this election season, it’s that a few words from Bill Clinton can do a man a lot of good… After that introduction, I guess all I have to do is wait a day or two for the bounce.” (To see Bill Clinton’s introduction and Romney’s good-humored joke click here.)

Drawing from his years of experience in the private sector, Romney offered a fresh, new look at the issue of futile foreign aid. He tied the efficacy of foreign aide to the power of free enterprise: “…[E]conomic freedom is the only force in history that has consistently lifted people out of poverty – and kept people out of poverty.”

In his speech, Romney noted the difference freedom makes in creating prosperous societies:

When I was in business, I traveled to many other countries. I was often struck by the vast difference in wealth among nations. True, some of that was due to geography. Rich countries often had natural resources like mineral deposits or ample waterways. But in some cases, all that separated a rich country from a poor one was a faint line on a map. Countries that were physically right next to each other were economically worlds apart. Just think of North and South Korea.

I became convinced that the crucial difference between these countries wasn’t geography. I noticed the most successful countries shared something in common. They were the freest. They protected the rights of the individual. They enforced the rule of law. And they encouraged free enterprise. They understood that economic freedom is the only force in history that has consistently lifted people out of poverty – and kept people out of poverty.

Romney’s excellent speech:

Romney’s foreign aid plan wouldn’t be just handing out aid packages; he believes in providing a hand UP, not a hand out to needy nations, which would improve people’s lives around the world and be a step toward making the world a safer place for Americans. He continued to extol the virtues of assistance programs that unleash free enterprise, resulting in more durable prosperity:

A temporary aid package can jolt an economy. It can fund some projects. It can pay some bills. It can employ some people some of the time. But it can’t sustain an economy—not for long. It can’t pull the whole cart—because at some point, the money runs out.

But an assistance program that helps unleash free enterprise creates enduring prosperity. Free enterprise is based on mutual exchange—or, rather, millions of exchanges—millions of people trading, buying, selling, building, investing. Yes, it has its ups and downs. It isn’t perfect. But it’s more durable. It’s more reliable. And ultimately, as history shows, it’s more successful.

Romney introduced the idea of ‘Prosperity Pacts’, encouraging microfinance, and more:

Romney said he would negotiate trade agreements and offer “prosperity pacts” in the Middle East and other developing nations to encourage open markets in exchange for U.S. aid. “The aim of a much larger share of our aid must be the promotion of work and the fostering of free enterprise,” Romney said.

In a reflection of his policy on welfare in the United States, Romney said work is the key to lifting people out of poverty abroad by providing self-esteem and a grounding in reality instead of fanaticism.

Read the transcript of Romney’s speech here ——> Click here to continue reading

Unemployment UP, Romney Hits With New Ad, Bill Clinton Praises Romney’s Business Career

UPDATE! Mitt Romney responds to today’s dismal jobs report:

ANOTHER MONTH OF DEVASTATING ECONOMIC NEWS FOR AMERICAN WORKERS, FAMILIES

Today’s weak jobs report is devastating news for American workers and American families. This week has seen a cascade of one bad piece of economic news after another. Slowing GDP growth, plunging consumer confidence, an increase in unemployment claims, and now another dismal jobs report all stand as a harsh indictment of the President’s handling of the economy. It is now clear to everyone that President Obama’s policies have failed to achieve their goals and that the Obama economy is crushing America’s middle class. The President’s re-election slogan may be ‘forward,’ but it seems like we’ve been moving backward. We can do so much better in America. That’s why I’m running for president.” –Mitt Romney

UPDATE 2 - You don’t want to miss Governor Romney’s excellent interview on CNBC this morning. The video also includes traders’ reaction to The Gov’s interview. See video here (article here). More here.

Photo by Justin Sullivan / Getty Images North America



The U.S. Dept. of Labor today released the jobs report for April. Not good, folks.

155,000 jobs were hoped for; only 69,000 jobs were added to the U. S. economy last month. Unemployment has risen to 8.2%. At the first of the year, we were barely breathing at around 200,000 jobs created per month. In April, that number was almost cut in half at around 100,000 jobs created. (Numbers for March and April were revised to reveal unemployment was more prevalent than originally reported.) We are weak and getting weaker. Today’s numbers are almost halved again. Long-term unemployment jumped up by 300,000 last month, as well. Factoring in the UNDER-employed, the real number is at 14.8%. The labor participation rate is clinging to 63.8%, meaning 36.2% are not participating; they’ve given up.

Obama’s economic policies just aren’t cutting the mustard and Americans are not only sick with worry, they’re furious.


Romney for President keeps churning out timely, hard-hitting web ads. Today, they released a new web video using footage from Governor Mitt Romney’s press conference yesterday near Silicon Valley in Fremont, CA. (The image of Romney standing front of bankrupt Solyndra spoke volumes.)

In case you’ve forgotten:

The Obama Administration loaned $535 million to Solyndra – which later went bankrupt and laid Off 1,100 employees. “In a blow to the Obama administration’s efforts to create green jobs, solar-cell maker Solyndra announced Wednesday that it will close its remaining Fremont factory, lay off its 1,100 employees and file for bankruptcy. The news marked an abrupt end for a company once considered among the most innovative in a fast-changing industry. The bankruptcy also represents a high-profile failure for a federal stimulus program that gives loan guarantees to green-tech manufacturers. Solyndra was the first company to win one of the guarantees, receiving $535 million in 2009 to build its second factory in Fremont less than a mile from the company’s original plant.” (David R. Baker and Carolyn Said, “Solyndra Closes Fremont Plant - Stimulus Hopes Dim,” San Francisco Chronicle, 9/1/11)

Romney’s new video is aptly titled Symbol of Failure:

Two years ago, President Obama went to Solyndra and touted it as an example of his initiative to create jobs. Today, the company is bankrupt and the building stands empty as a symbol of the failure of President Obama’s policies.

Click here and donate to the campaign to help them fund more commercials of events like this one.

Free enterprise to the president means taking money from the taxpayers and giving it freely to his friends. ~ Mitt Romney, press conference May 31, 2022


Did you happen to watch CNN last night? Former President Bill Clinton was speaking with Harvey Weinstein when he kicked the legs out from under Obama’s main campaign strategy to slice and dice Romney’s record as a businessman:

So I don’t think that we ought to get in the position where we say this is bad work, this is good work. I think, however, the real issue ought to be what has Governor Romney advocated in the campaign that he will do as president? What has President Obama done and what does he propose to do? How do these things stack up against each other, that’s the most relevant thing. There’s no question that in terms of getting up and going to the office, and you know, basically performing the essential functions of the office, a man who has been governor and had a sterling business career crosses the qualification threshold.”

Thanks for the straight talk, Bill!

UPDATE - Speaking this afternoon on Your World with Neal Cavuto (FOX News), former Democratic pollster Pat Caddell said “Clinton has just done enormous damage to President Obama. … He has just put a torpedo right into the Obama campaign. This is as bad as it gets.


Townhall’s Mona Charen pretty much summarizes it for me today. She writes about the “straws in the wind” Obama campaign – how bad it’s going. She can add today’s stuck-in-the-mud jobs report to her list.

- Jayde Wyatt

Twitter follow: @YayforSummer