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MDH SAYS: For President — Mitt Romney

He has best chance of improving economy

Published: Saturday, Oct. 20, 2012 5:00 a.m. CDT

When voters go to the polls Nov. 6 to elect our next president, the questions they should be asking are these:

Which candidate will best be able to lead the U.S out of the economic funk it’s been in the past five years?

Who can better help the private sector grow jobs?

Who has the ideas and the will to reduce our massive debt and eliminate annual budget deficits?

Who will best be able to get the country’s economic engines turning once again?

President Barack Obama has a record on these issues.

Under his leadership, the unemployment rate has hovered at or above 8 percent almost his entire presidency. Far too many Americans have been unable to find decent work.

Median household income has fallen by more than $4,000 since 2009, when Obama, a Democrat, took office.

About 30 million Americans received food stamps in 2008. Today, about 47 million do.

With budget deficits of more than $1 trillion a year, the national debt has ballooned by $5.4 trillion during Obama’s presidency. The country now owes its creditors more than $16 trillion.

While the economy has grown under Obama, it has done so at a snail’s pace, not near enough to make up for the damage caused by the Great Recession and the housing crisis.

Frankly, we can’t say we are better off today than we were four years ago. And we see nothing in Obama’s policies that lead us to believe we will be better off with four more years of Obama in the White House.

As when he first was elected, Obama still stands for bigger government (see Obamacare) and a bigger hindrance to private business (see his tax policies).

We fear another four years would look exactly like the past four, or worse.

The Republicans’ nominee for president, former Massachusetts Gov. Mitt Romney, represents a return to America’s founding principles: Personal responsibility, smaller government, more people contributing to the overall good of the nation.

His record as governor of Massachusetts is better than Obama’s as president.

Romney became governor in 2003, during a recession and with a large majority of Democrats controlling the state’s legislature. His state faced a $1.5 billion budget deficit.

Through effective cost-cutting, user fee increases, and a restructuring of state government, Romney balanced the state’s budget in just one year. He also fought to reduce the state’s income tax, arguing that it would help create private-sector jobs and increase state revenue, but the Democratic legislature wouldn’t let him do it.

Before he was elected governor, Romney was a hugely successful businessman. He co-founded Bain Capital and built it into the giant investment firm it is today.

While his opponents paint Romney and Bain as greedy corporate raiders out to squeeze struggling companies out of every penny, the fact is that Bain invested in many startup companies that today successfully employ tens of thousands of Americans. Romney and Bain also invested in financially struggling businesses, turning them around and saving thousands more jobs.

Before becoming governor, Romney took over the financially troubled committee organizing the 2002 Winter Olympic Games in Salt Lake City, Utah. As CEO, he cut costs, increased fundraising, and the 2002 Games ended with a $100 million surplus.

Romney is a proven leader in both the private and public sectors.

His policy proposals have the best chance to improve the U.S. economy, grow jobs, control the budget deficit and, eventually, reduce our national debt.

We recommend Romney.

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