400+ Economists Endorse Romney Plan to Create Jobs & Restore Economic Growth

This news is significant. Obama’s obfuscation continues to be exposed by outstanding experts who are emerging in strong support of Romney’s economic plan.

Stephen Moore published this piece yesterday in The Wall Street Journal titled “Economists 4 Romney”:

The Romney-Ryan ticket gets another boost today when about 400 prominent economists from industry and academia endorsed his economic revival and jobs plan. We came across an advance copy of the statement which reads: “We enthusiastically endorse Governor Mitt Romney’s economic plan to create jobs and restore economic growth while returning America to its tradition of economic freedom. The plan is based on proven principles: a more contained and less intrusive federal government, a greater reliance on the private sector…” The statement refutes many of the Obama campaign’s loud claims that Mr. Romney’s math doesn’t add up.

At least four of the signatories are Nobel prize winners, including Gary Becker, Robert Lucas, Robert Mundell and Edward Prescott. Other highly respected economic thinkers on the list include Phil Gramm, Martin Feldstein, and noted supply-side guru Arthur Laffer. The scholars say they agree with the Romney plan’s intention to “reduce marginal tax rates on business and wage incomes and broaden the tax base to increase investment, jobs, and living standards.” Mr. Obama has lambasted the Romney tax cuts as a giveaway to the rich that will end up leaving the middle class carrying the bag.

Economists Jim Carter and Glenn Hubbard, both of whom worked in the Bush White House, say they “are constantly adding more names.” The purpose of the letter is to add scholarly gravitas to the Romney plan for rebuilding the economy.

The economists’ letter also takes a shot at Mr. Obama’s economic strategies which they believe “only prolong slow growth and high unemployment.” They specifically criticize the “stimulus programs,” ObamaCare, the rise in the debt burden and the regulatory explosion imposed on small businesses. They warn that in a second term Mr. Obama is likely to “double down on the failed policies.”

[...]

Nothing has failed quite like Obamanomics.

I can’t wait to see which experts Obama will roll out to support his plan! He is scrambling now to figure out what to do.


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Romney Interviewed by NH Eagle Tribune, Will Work to Make USA Best For JOBS


Mitt Romney sat down with members of the New Hampshire Eagle Tribune editorial board last week. They shared about an hour together.

The Gov spoke about the economy, foreign policy, Obamacare and MA private-market insurance, Social Security and Medicare, national defense, and trade. He also spoke about wisdom gained from political losses…

Mitt Romney gets down to business

Oct 2, 20121 - By John Toole

Romney wants to help business. In helping business, he thinks the United States will grow jobs and find its way out of the current economic mess.

I understand how business works and am intent on making this the most attractive place for enterprise, small and large,” Romney said. “I want America to be the most pro-business, pro-investment, pro-jobs nation in the world.”

Romney, 64, is the former governor of Massachusetts, a man who once led the Olympic games in the U.S. He met with The Eagle-Tribune editorial board for more than an hour last week to talk about his run for president.

Romney admits he is a different candidate than the one who lost to John McCain four years ago in the 2008 race for the Republican nomination.

“You learn from losses,” Romney said.

He learned not only from his loss to McCain, but also his loss in a Senate race to Ted Kennedy, he said.
“I’m one of those hard learners,” Romney said. “I’ve got to lose once or twice to figure out what to do right.”

What he’s learned is that, unlike business, a lot of what happens in politics is out of your control. He’s learned, too, to deliver a clear message. Romney said a candidate has to say what he believes, express his convictions, describe his experience.

“If the American people want that group of qualities, then you get elected,” Romney said. “If they don’t, you don’t.”

The political lessons have enabled him to, in his words, be a little more calm. He knows he has a great life, a great wife, children and grandchildren who love him. There’s always business, too.

I’m focused on telling people what I believe, honestly and directly,” Romney said. “If they like it, wonderful.”

Besides, Romney thinks the time is right for him.

“Today the issue America cares about most is the economy,” Romney said. “It’s a time which is more geared to someone for whom the economy is their wheelhouse, like me.”

Romney said he is worried about the country’s future.

Mitt and Ann Romney with some of their grandchildren, Dec 2010. (click to enlarge)

“I’m really concerned for my grandkids,” Romney said. “Kids in their early teens and younger. What will America be like for them? Will there be jobs there?”

There are tough challenges ahead, he said, but the American people not only are up to the challenges, they will welcome the sacrifices to meet them. That means working together, working longer and harder, taking risks, he said.

“As a people, we like being called to do something great,” Romney said. “Politicians have been getting elected by promising free stuff. …

Romney said he believes the people are looking for a leader to restore America to greatness.

On the Obama economy:

“I think they are badly disappointed with this president,” Romney said. “He’s been a disappointment. Both internationally he’s failed and domestically.”

Unemployment is extremely high and in one term President Obama has stacked up as much debt as all other presidents combined, Romney said.

“It’s a presidency that is now casting about to blame somebody,” Romney said.

He has no use for a second stimulus from Obama.

“It’s too late for a stimulus,” he said. “We need a fundamental restructuring of America’s economy to make sure we’re a competitive economy that attracts employers, investment, entrepreneurs and jobs.”
Romney would build economic recovery around seven categories, what he describes as “the seven habits of highly effective economies.”

He would lower taxes on business.

“I’d bring our corporate employer tax rates down at least to the level of competing nations,” Romney said.

He would loosen regulation to encourage free enterprise, rather than burden it.

“Streamline, update, modernize regulation and get regulators to see business as their friend and their ally,” Romney said.

CEOs have told Romney that paying taxes and complying with regulatory policies, as well as energy expenses, cost them nearly 18 percent more here than doing business in foreign countries.

On foreign trade:

Romney wants more foreign trade, agreements with other nations to open more markets. He wants to crack down on competitor nations that unfairly undercut America.

“China is cheating,” Romney said. “You have to say, ‘stop.‘”

(emphasis added ) Read the entire interview here.

Romney during an Eagle-Tribune editorial board meeting (Sept 29, 2021):


► Jayde Wyatt

Mitt Romney Interview with Sean Hannity: Obama is Playing ‘Chicken’ with U.S. Economy

'Playing Chicken' by artist Sam Hollingsworth


Radio air waves resounded yesterday with Romney telling it like it is on Obama’s policies. After his interview on the launch of Jordan Sekulow’s radio show yesterday, The Gov paired up with Sean Hannity on his radio program. He spoke about yesterday’s lowering of our nation’s credit outlook by Standard & Poor (S & P) from stable to negative:

“The Obama presidency was downgraded today…
and people recognize that he’s playing chicken with the U.S. economy.”
-Mitt Romney

The Hill:

Romney, a top Republican candidate for president in 2012, seized on S&P’s decision Monday to issue a “negative” outlook on U.S. debt, reflecting pessimism that lawmakers on Capitol Hill would reach an agreement with Obama on how to rein in long-term debt.
[...]
“The Obama presidency was downgraded today,” Romney said on conservative pundit Sean Hannity’s radio show. “And people recognize that he’s playing chicken with the U.S. economy.”

Romney, who’s made his business experience a key element in his campaign for the Republican nomination, said that even the downgraded rating in the short term was costly to the U.S. economy.
[...]
“The amount of debt we have is backbreaking even now. But if the interest costs are going up, even now, it could be devastating to the U.S. economy,” he said. “This is a big deal, and the president continues to pooh-pooh the need to look seriously at our long-term budget.

(my emphasis) Read entire article here.

Hannity/Romney interview (4/18/11):

Romney tweet earlier today:

S&P’s rating warning on US debt is first time in history they have downgraded America’s outlook to negative.less than a minute ago via web Favorite Retweet Reply

Hugh Hewitt chimed in very favorably for Mitt.