Washington (CNN) – Mitt Romney says that like other presidents, Barack Obama inherited a recession. But the former Massachusetts governor feels unlike his predecessors, Obama has made the recession he inherited worse, not better.
In an op-ed in Wednesday's USA Today, Romney says what he calls the president's inability to "stem" the rise in unemployment should not be a surpise.
"With no experience whatsoever in the world of employment and business formation, he had no compass to guide his path. Instead, he turned over much of his economic recovery agenda to House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid, themselves nearly as inexperienced in the private sector as he," says Romney.
The op-ed's release comes hours before the president holds a jobs forum at the White House. The nation's unemployment rate stands at 10.2 percent, the highest level in 26 years. November's job report will be released Friday.
In the article, Romney, a Republican presidential candidate in the 2008 election and a possible contender for the 2012 GOP presidential nomination, lays out advice he terms a ten point plan to help reenergize the economy.
See Romney's "10-point plan" after the jump.
My 10-point plan
The president's economists insist that technically, the recession is over. But double-digit unemployment was neither prevented nor has it ended. To get people back to work as rapidly as possible and to restore America's economic vitality, the nation must change course. Here's the advice I would give:
• Repair the stimulus. Freeze the funds that haven't yet been spent and redirect them to immediate, private sector job-creation priorities.
• Create tax incentives that promote business expansion and hiring. For example, install a robust investment tax credit, permit businesses to expense capital purchases made in 2010, and reduce payroll taxes. These will reignite construction, technology and a wide array of capital goods industries, and lead to expanded employment.
• Prove to the global investors that finance America's debt that we are serious about reining in spending and becoming fiscally prudent by adopting limits on non-military discretionary spending and reforming our unsustainable, unfunded entitlements. These are key to strengthening the dollar, reducing the threat of rampant inflation and holding down interest rates.
• Close down any talk of carbon cap-and-trade. It will burden consumers and employers with billions in new costs. Instead, greatly expand our commitment to natural gas and nuclear, boosting jobs now and reducing the export of energy jobs and dollars later.
• Tell the unions that job-stifling "card check" legislation is off the table. Laying new burdens on small business will kill entrepreneurship and job creation.
• Don't allow a massive tax increase to go into effect in 2011 with the expiration of the 2001 and 2003 tax cuts. The specter of more tax-fueled government spending and the reduction of capital available for small business will hinder investment and business expansion.
• New spending should be strictly limited to items that are critically needed and that we would have acquired in the future, such as new military equipment to support our troops abroad and essential infrastructure at home.
• Install dynamic regulations for the financial sector — rules that are up to date, efficient and not excessively burdensome. But do not so tie up the financial sector with red tape that we lose a vital component of our economic system.
• Open the doors to trade. Give important friends like Colombia favored trade status rather than bow to protectionist demands. Now is the time for aggressive pursuit of opportunities for new markets for American goods, not insular retrenchment.
• Stop frightening the private sector by continuing to hold GM stock, by imposing tighter and tighter controls on compensation, and by pursuing a public insurance plan to compete with private insurers. Government encroachment on free enterprise is depressing investment and job creation.
The 10% unemployment crisis hangs like an albatross around President Obama's neck. Eventually, as with every recession and recovery, the economy will improve and jobs will be created, but those who were unnecessarily unemployed due to the president's faulty economic program will not forget. In order to most rapidly re-employ all Americans and to speed a strong recovery, the president must change course. If he does not, Republicans will bring a change of their own to Washington in the 2010 elections.
UPDATE: In a statement, the Democratic National Committee scoffed at Romney's ideas and claimed that Republicans have refused to offer their own plans to fix the economy.
"Now, instead of acknowledging, as leading economists and the independent CBO have, that the President's Recovery Act rescued this country's economy from the brink of disaster and has already saved or created 1.6 million jobs, Republican leaders like Mitt Romney and Eric Cantor are now offering 'plans' that are nothing more than a laundry list of the failed Bush-era economic policies that nearly destroyed our economy in the first place," said DNC national press secretary Hari Sevugan. "Mitt Romney's allegiance to Bush economics is one policy position he'd do well to flip-flop on."
From CNN Politics
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Okay as a hardcore Democrat I may not like some of Romneys views but I would have to agree with his policy ideas. His 10 point plan is exactly what we need to enact immediately.
Mittens is mighty quick to jump on the grave of the huskster's dead campaign.
Nice display of "christian" values or are Mormons considered Christians?
So basically...Go back to the same plan that started this whole mess.
Brilliant!!
He will not be elected President in 2012. Keep Hating President Obama
he is doing a great job.
So in other words, Mitt, do everything you can to continue to line your pockets! Great plan! Why do you think you didn't get the nomination last time? Blame, blame, blame. The only thing Republicants are good at.
some needs to step up to the ball... ops sorry vp biden ,, some one needs to step up to the plate, who knows something about business....are you better off now or before obama was president,,,,,,
Thank future Mr. President. The prudence that you show in your analysis shows your experience in the business sector and Americans can't wait to have you fix our country!
Translation = tax cuts for the rich and state the "socialist" has not practiced "socialism" strongly enough to force private industry to hire people.
He is a man. This should have been exptected. No one should be shocked; and the way women are these days, no respect for them selves, it was a sure thing this would happen. He just should have handled it better.
Couldn't have said it better myself..........that's exactly what we need to do and it doesn't take a rocket scientist to figure it out.............Funny that Democrats only understand tax and spend, tax and spend, like a broken record. Obama has proven to be too inexperienced for the job. He delegated the work to Nancy Pelosi and that was the first of his mistakes. He is clueless how to create jobs............since he's never had one or worked for a small business. How can he possibly understand what we need or how we work.
Let the Liberal loons begin with their usual blah, blah talking points.
Hey Romney.
If you were that good you would have and could have beat McCain for the 2008 nomination.
Truth is, you have not got a clue.
And I my friend, am a Republican telling you that.
Typical Republican points: the government's only function is to prop up business. Government has no business providing any services to the American people who contribute the money to run the government, and therefore, the government has no business rectifying the disaster that private insurance companies have created in the American health care system, and goodness knows the government should not be in any involved in encouraging business to invest in something other than lining corporate owners' pockets. This is the Republican mantra of no government oversight, which is wrong, wrong, wrong. I want my government looking over the shoulder of the airline industry and I will never forgive the Republicans for breaking the back of the union and then closing their eyes to how the airline industry spent its money. We have seen over and over it is not on maintenance, and that is because there has been no government oversight. When will the American people ever learn that this approach is a recipe for disaster for the middle class and life as dreamed of by the American people?
We know the GOP plan, give tax breaks to rich people so they can send more jobs to China.
'Don't allow a massive tax increase to go into effect in 2011 with the expiration of the 2001 and 2003 tax cuts.'
NO! NO, NO, NO, NO! A Republican claiming that
so is Romneys idea is ,,everyone give 10% of anything they have to his church and the church will allow you to join. and they will SAVE YOU.... NOT ! lets leave the problem that the president inherited from CHENEY BUSH ROVE ,to the president and his very smart cabinet .. Romney is saying the presidents cabinet doesn't know what they are doing ( ya right ) Mitt is trying to find anything he can to start a crusade for his next bid for the republican party nomination to become president . maybe he can convert Palin and they can run as a team LOL LOL LOL
I guess better late than never for Romney. Some of these are being done already despite GOP objections such as financial sector regulations.
The others won't create jobs. Opening trade to Columbia, while not a bad idea won't stimulate job growth. Ending the tax cuts for the wealtiest individuals won't create jobs. Stopping healthcare reform won't create jobs.
No one wants to hold GM stock, but think of what unemployment would have been if the gov had not stepped in. GM AND its suppliers and dealerships would have gone under, leaving millions more unemployed. Same with the banks. Citi, AIG & BofA employ over 1 million people between them. No one likes bailing these companies out, but think of the alternatives.
Great Plan.....The problem is not enough free handouts for the liberals
so Romneys idea is ,,everyone give 10% of anything they have to his church and the church will allow you to join. and they will SAVE YOU.... NOT ! lets leave the problem that the president inherited from CHENEY BUSH ROVE ,to the president and his very smart cabinet .. Romney is saying the presidents cabinet doesn't know what they are doing ( ya right ) Mitt is trying to find anything he can to start a crusade for his next bid for the republican party nomination to become president . maybe he can convert Palin and they can run as a team LOL LOL LOL
Funny, I really don't see any proof that Obama made the recession worse. In fact, with the GDP growing again, Romney is grasping at straws, as unemployment comes back after GDP growth, and the GDP has already begun to grow again.
Romney knows, like anyone, that the economy is on the mend. But he's trying to sell his agenda in the last few months of a year + length recession, with the threat that the Dems will lose seats if Obama 'doesn't change course'.
Ironically, the Dems will lose seats, but likely maintain the majority, as the jobless rate begins to fall in 2010 or 2011, but it will have nothing to do with Romney.
it is about time that the adults took over and the ones with life experience and practical solutions lead us out of the mess o'bama and his know-nothing politicos are getting us deeper and deeper into. none of them has a clue to solving our economic problems having done nothing with their lives except run for office and promote themselves. let's dump every last one of the officials who have made their elected office their job!!
Same old repulican talking points. How about killing NAFTA and takeing china off of the most favoured nation trading status for starts. Bring our jobs home and tax the daylights out of cororations that refuse and offshore American jobs.
You know it gets really tiring to listen to these Republicans play the same old political games, year after year, day after day, hour after hour....It's sickening
These people in this political party have proved that they are a scurge on America, and the World...
This country has progressed away from their idealogy, this country is getting more diverse culturally every year, the deck is getting stacked against the all white party that is attempting to purify their idealogy...
The only advice I can give them is too go move to a Island, and then they can have their all white supremacy nation, but it aint gonna happen here in America, not anymore....!
'Don't allow a massive tax increase to go into effect in 2011 with the expiration of the 2001 and 2003 tax cuts.'
NO! NO, NO, NO, NO! A Republican claiming that TAX CUTS will work? I CAN'T BELIEVE IN IT!!!
Sarcasm aside, Mr. Romney lost a good chance to stay quiet. While some of the points are worth a conversation, he lost it when he defended the inneffective (as in 'innefective to help the American economy as a whole') TAX CUTS and even dared to suggest that they are renewed.
now mr. Romney,
is it just a matter of time until one of our decisions made years ago bites you in the butt?
I hope not. I hope this never happens again and my heart goes out to those families. But listen GOPer, you who pass judgement so quickly on what should have been done, remember what a disaster Bush/Cheney were/are and how Huckebee's decision came to fruition years later after he let a young fella out with a mile long rap sheet.
How about you quit guessing at how much better a job you would do and concentrate on just making your part of the world a better place. You have nothing better to do than 365 day a year campaigning and constantly shouting 'no'
how about donate your time at a homeless shelter or soup kitchen rather than just the next photo opportunity
Perhaps we should put Mitt Romney in charge of the Fed.
It's great that all the losers from the last election are now telling how to run the government. What's next, Huckabee wanting to empty the prisons to save money (and show his Christian compassion)?
The mess we are in took a long time to build, with unrestricted greed, poor government decisions (extreme tax cuts for the rich and an unnecessary war, just to mention two), with the gutless Democrats idly watching.
I blame the media for a lot of our problems; they would rather air a controversy anytime over an improvement. Of course, they wouldn't succeed if we weren't already brain-dead as a nation.
Romney is such a typical Republian politician....
He is a very bright man and a business leader and, as such, he KNOWS that employment is a lagging factor in an economic recovery. The recovery begins in business investment which, in turns, delivers jobs.
The stock market has rebounded approximately 60% in the past 12 months under the Obama recovery plan. That is a clear sign that the initial stages of a recovery are not only visible...but they are robust.
If Romney wants to talk about jobs...he needs to focus his attention on securing income and basic living services for people who are currently out of work and who won't be re-employed until the employment cycle catches up with the investment cycle.
What a snake oil salesman!
If Rommny read the news on a regular basis, he would know that the economy is improving slowly but surely That has to be bad news for him and you can be sure he will make the most of it.
BTW: How come no one ever mentions what John McCain would do had he been elected? Or better yet what a PRESIDENT Rommny would do. Both are very good at critisizing but not so hot on solutions.
Obama isn't going to listen to common sense. Obama only understands taxation. If he understood how the wheel goes round, he would know we need to get back to work, with more people working that creates more tax payers and more money for him to spend on entitlement programs for those who want to sit on the couch, watch tv, have babies and do drugs.....or enter our country illegally. But hey, if we can't work, we can't support his Democratic base on their couches.
Mr. Romney, you couldn't even get most of your own party to endorse your candidacy for the presidency. This armchair quarterbacking doesn't even have the backing of most of your own hugely diminished party.
Add to that, there are many reasons the GOP is out of power. Its demonstrably catastrophically failed fiscal priorities are a huge part of that.
Wow...how could a highly successful businessman, a proven leader, a sound decision maker....ever think he's more experienced and competent to lead the nation than a street activist, community organizing...propped up by corruption, ACORN, and Affirmative Action...not to mention a questionable country of birth, and known terrorists associates...inexperienced, less than a year, senator?
The Audacity!
This is a joke...
I hope one of those points is to repopulate both houses with some people that have common sense and will work for the country instead of a career in government and have done more than be a community organizer.
Give Obama some time to repair economy. He signed the stimulus packet in February. He only has been in the office for twelve months. George Bush could have done something about economy in eight years, but he did not do that.
Can someone please tell me how the stimulus has made the economy worse? How is it that investing in America's infrastructure cost people jobs. I know at least 7 teachers as well as 2 police officers who were able to keep their jobs due to Stimulus funds. Republicans have made it a talking point to say that The Recovery Act has made the economy worse. Please be specific if you don't want me questioning your credibility. Making ambiguous statements only makes you look foolish. Could you imagine a Republican administration in office. If you think things are bad now, they could have been significantly worse. Stop playing politics at the expense of the American people. People need to believe government is helping, which data shows that the stimulus and bailout essential in stopping the economic free fall. You have no chance at the Presidency Mitt, might as well stop trying to bash the President.
Just as I thought, more of the same. Tax cuts for the wealthy ( like Romney and his friends), open doors to trade ( send more jobs overseas) and spending cuts on everything except the military of course. Nothing to help the middle class, just the top 1%.
Romney really needs to just give it up. He is such a joke. His experience in business amounts to buying up companies, sending the jobs overseas and laying off American workers, all the while making a profit for himself. How else was he able to spend $45 million dollars of his own money to try to win the nomination in 2008. His business acumen should have told him that was a bad investment
Romney need to shut up..........why did he not give Bush these points last year. no matter what Obama does he will be criticized by these bozos. Obama is doing his best....remember he told the nation that the problems would not get fixed in a short time
just do not beleive any more...
was he elected president
One more Republican who would use tax reduction to win the election. Americans need to help pay for the deficits. That's life. We voted for Ronald Reagan, and George Bush Jr., while George Bush Sr. and Bill Clinton tried to correct the deficits, yet we didn't care. Americans must all help to pay for the deficits, and slow down spending until this is corrected. More tax reduction is not the solution.
What do you know?
Someone with experience in the real world has offered a real plan.
All those narrow thinkers who will criticize the man should put their brains toward some real analysis rather than just throwing out ideas because of their emotional attachments (often unfounded) toward their political bias. As usual, they will throw out nasty comments about Mr. Romney instead of paying attention to a real plan.
There's no denying that there is over 10% unemployment and that a good speech from the President will not fix it.
This is nothing more than the same old GOP rhetoric we've been subjected to for over a year. His plan: cut taxes, keep the Bush tax cuts for the rich, NO to unions, NO to health care, NO to energy independence unless it's nuclear or gas, NO to spending unless it's on the military. As far as 'dynamic regulations' that aren't excessively burdensome, that sounds like a fantasy that's good for the banks but not so good for Joe the Average Investor.
Mitt: Please let us know when you have something new to say.
All this is a "show-off" that he knows something. First bashing and giving advice!!!
Why didn't he pass on this advice to his fellow republican George Bush! Get out of the kitchen Mitt and let people do their own cooking.
more trickle down non-sense that only helps the fat cats,
Romney is an IDIOT!! Obama did NOT inherit a run of the mill recession. He inherited the WORST one since the Great Depression! Extraordinary times call for extraordinary measures. Obama is doing the best that he can with idiots like this regurgating misinfo. If Romney is so great why didn't he get the Republican nomination? He and all of the other "conservatives" need to sit down, shut up and let the man work! Where was Romney and all the other when all of this crap started years ago? NO WHERE!!!!!!!!!!!
Same old crap! Less taxes.. Less Gov't.. Less oversight.. Blame everybody but ourselves... and we end up exactly where we are now! Until this country and all the big corporations promote fiscal responsibility (which it will never do because we are a consumer nation) I don't think we will pull out of this mess any time soon!
All romney has ever done is help send jobs overseas and pocket the extra cash as a vulture capitalist...
Always good to see anti union people come up with a plan to help American workers. These are the same people who wanted to see the auto industry fail, which would cost millions of jobs.
Translation: Give stimulus money directly to corporations; we can trust them to do the right thing. Cut taxes on corporations. Cut taxes on the wealthy. Reduce government spending. Reduce union membership. Do not protect American jobs; import more cheap foreign goods. Impose "dynamic" regulations on the financial sector (I think that "dynamic" means "weak"). Allow CEOs their gigantic bonuses as a reward for "increasing productivity" (laying off employees).
We've heard all this before. We heard it from Reagan (who doubled the national debt.) We heard it from Bush (the good one) who added another trillion. We heard it from Bush (the other one) who added another 6 trillion.
Same crap, different Conservative.
Romney is a republican, therefore his plan won't work. Besides, it won't give me free healthcare, free housing, free food, free big-screen TV, free cell phones, free cars, or free gas. How do you expect me to pay for all of the things I need? Get a job? NO WAY. Tax the rich to give me my stuff. Have a nice day!
I'm not a Romney fan–he may be a "soft" neo-con, but as far as I'm concerned he's still too much into imposing government-defined "morality" on people–but every one of his suggestions is dead on.
Romney, the GOP had their chance over the last 8 years. Do you really think America will trust the GOP again?
No matter what proposals you lay out, the "fiscal discipline" born-again GOPers will be back to lowering taxes for the rich like they always do.
Clinton left billions in surplus Romney. What happened to that surplus? We were projected to be debt free by 2009 after he left office.
Romney, your party stands at about 20% membership. The sane members are leaving in droves, leaving the birthers, teabaggers, religious right, and other Sarah Palin malcontents who WILL NOT vote for you, just as they didn't in 2008.
Everything he suggests was what was happening under BUSH...why should we repeat that disaster?
Whatever mitt.
Mr Romney, isn't hindsight great? Too bad Obama didn't have that benefit like you do. I mean why didn't you have your plan when you were trying to get the Republican nomination? Oh that's right, you didn't have the benefit of hindsight at that time!
Go Mitt!!
You backed the Bush/Cheney/Rove machine for 8 years without questio. They (and your Republican minions in Congress) created this financial mess – regulation? we don't need no stinkin' regulation.
You have no moral or ethical ground upon which to stand and criticize Pres. Obama and his effort to right the U.S. financial ship.
Is he the president or is he just a wannabe.Go away Plastic man...
Oh Mitt!! Do you want me to send you an Economics 101 book or a public policy book? Did your hairdresser write that up for you? Every single one of them would be an economic disaster either in short-run and/or in the long-run. By the way, weren't these more or less the same policies under Bush? Hmmm...I wonder how that turned out.
Your 10 point solution to fixing the economy is a massive pile of bovine excrement!
Nice "plan". De-fund the government, massive corporate welfare, going backwards on climate change, recycled over-politicized GOP talking points. What a total piece of garbage. His whole editorial reads like a wish-list of all the big corporate interests who have ruined our country's economy with Republican help from 2001-2008. He even defends executive compensation in his 10th point! CORPORATE EXECUTIVE COMPENSATION! Gotta be KIDDING me!!! No, i'm sorry, Obama is doing the right thing. This fool here is only interested in one thing: HIS OWN PERSONAL AMBITION. Save it buddy, you're a joke.
" [Romney] feels unlike his predecessors, that Obama has made the recession he inherited worse, not better"
In what BIZARRO, METH-INDUCED WORLD is Mr Romney living? He and his rich cronies almost drove this country off of a cliff and so now that we are still on the edge of the cliff instead of at the bottom of the cliff in a burning heap, he is criticizing the person whose policies kept us from falling off?
Too late Romney! Where were your policies before and during all of this economic turmoil? Where were your policies as the President was trying to reach out to Republicans? Oh, but now since it is approaching the time to begin re-running for President, NOW you have a economic plan? PUH-LEEZ! Spare us. It is FAR FAR TOO LATE!
Correction- Obama inherited a near depression, and a number of indicators are now showing signs he took the correct measures. It is good to see Mr. Mittens get in the news and remind us he is still around.
How do we know the businesses won't pad the bottom line with the payroll tax cuts? Also the 2001 and 03 tax cuts are the primary reason we went from a surplus in 2000 to a deficit from 2001 to present. You also have to account for the massive spending increases of the Bush Administration... Homeland Security, the IRAQ war...etc..
Say what you want about Romney, but the man is brilliant when it comes to economics.
I do like that first bullet point, release funds to help create private sector jobs. What a concept!
Is this like the 10 communist republican principles where you have to follow 8 of the 10?
Some good ideas on private sector focused growth. Unfortunately he has also included some political points in his plan....unions, cap & trade.
We can never get a pure economic plan from a politician.
Let's see who was the President in office 26 years ago. Surely, he had lots of experience and still was NOT able to keep unemployment down to less that 10%. If I remember correctly, we were in a recessionary economy–just like today–except today it is really worst that then. Maybe Mitt should keep quiet for awhile and let Sarah take a little more heat as she travels around the county selling her autobiography in a private jet.
What spending are you going to cut exactly? Defense? Homeland Security? Infastructure? How would business be helped by Semi-trucks falling into potholes?
Tha albatros of rising unemployment was hung by President Obama's predecessor, as Mr. Romney knows. Unfortunately, Mr. Romney does not have the courage to state this well established fact in his self-serving diatribe.
This guy wants to be President so bad he can taste it. Wait 'till the right wing bigots crawl out of the woodwork because of his faith.
Oh please... so we should only elect business men.. Greedy capitalists who want to interference by government.
Obama didn't just inherit a recession like other presidents. He inherited a mini-depression, the worst since the great depression, and the timing of the recovery was as his administration predicted.
Obama has the counsel of the nations best and foremost economists.
This guy so badly wants to be president. And he's courting the right wing right now..... Easy to just dismiss..
"Prove to the global investors that finance America's debt that we are serious about reining in spending and becoming fiscally prudent by adopting limits on non-military discretionary spending and reforming our unsustainable, unfunded entitlements. These are key to strengthening the dollar, reducing the threat of rampant inflation and holding down interest rates."
Yes, yes, and YES! Finally someone is talking with some common sense.
The Government needs to spend the money it has from revenue and nothing more. We've spiralled out of control with the fact that we just keep adding more currency every time a new entitlement program needs funding. If the Gov't wants Americans to be fiscally responsible then they must be fiscally responsible themselves.
11) Always wear you magic undies
12) Always wear your gelmet, it protects from recessions
13) You have to say enough so Sarah Palin doesn't get all the press
14) Blow hard when you have no skin in any game, what's Romney in charge of?
15) Flip flop to win the base
16) Use $40M of your own money to get beat by an old man and a cop killer releaser in the primaries
17) Just ask me who will meet me at the pearly gates
18) Baptize everyone
19) Try to look like Reagan
20) Always repeat that the policies that created this mess will fix this mess
Specific, sensible, and supported by imperical data. Exactly why the current Dem leaders in Washington won't even consider it. These Dem leaders including the Administration are the most ideologically driven group ever. With the help of the liberal MSM they have abandoned what should have been the first priority when they came into power, the economy and the millions of unemployed. Instead they're pushing an agenda that the majority of American people don't want. Even this so-called "Jobs Summit" didn't invite the precise groups who hire private sector employees and drive our economy, The National Chamber of Commerce to name one.
Nov. 2010 can't come fast enough.
I agree with most of the plan. We have to create jobs and I am a small business man operating my own shop and would love to expand if I could but can not at this time because of my unceartinty about the free enterprize system as I have always operated under for 41 years. I am a economic major and understand some of the problems. I do feel a lack of watch dogs in the finicial end has caused us a lot of problems because people were were not willing to make dicisions right for the people but worried to much about money and votes so they turned the other way. I am a democrate but disagree with all the federal intervention into the private sector of business.
"• Prove to the global investors that finance America's debt that we are serious about reining in spending and becoming fiscally prudent by adopting limits on non-military discretionary spending and reforming our unsustainable, unfunded entitlements. These are key to strengthening the dollar, reducing the threat of rampant inflation and holding down interest rates."
How about reining in military spending? We spend more than the next 5 powers together. There is no reason we can't cut the defense budget to get ourselves economically secure again.
his ideas are as stupid as if it was spoke by sarah palin. not giving any specific but laying out all the things that have been broken in our system for ages. you want to teach an old monkey a new trick you have to have patience else dont say economy have to be turned around with in a year. recession has ended. job creation will happen gradually.
Our country will continue to suffer economically, militarily, environmentally, because so many fools elected a totally inexperienced man for the white house. Experience counts, folks, and Obama ain't got none. He should stick to teaching college kids who will believe anything.
Romney's 10 point list makes a lot of sense. I'm sure little if any will wind up in Obama's eventual proposal. Obama's proposal is sure to be based entirely on goverment growth and government spending.
Nothing new here. This is the same Republican claptrap we've been hearing for decades. Do everything to perpetuate the military-industrial complex and screw the working class.
Finally, a business-savvy leader who has made a payroll steps up to take the lead. Harvard academics and others in this administration, with no real life experience, take heed and follow the advice of Gov Romney. Romney 2012!!
" Don't allow a massive tax increase to go into effect in 2011 with the expiration of the 2001 and 2003 tax cuts. The specter of more tax-fueled government spending and the reduction of capital available for small business will hinder investment and business expansion."
God, this just gets better and better... So letting the restoration of the original tax rates that gave us huge budget surpluses under Clinton is now a massive tax increase?
It is simply the restoration of the original rate that should never have been cut. Had it not been cut we wouldn't have had a trillion dollar deficit when Obama took office.
Don't listen to these Republic ans. They have no place to lecture any of us on what needs to be done.
republican Romney is just looking silly now. Can the GOP look anymore foolish?????????
seems like alot of his ideas are ideas that Obama has already inacted like tax cuts to payroll taxes and small buisnesses, inferstructure inprovment, financial regulatory reform, etc. His other ideas are more in-line with the status quo of the Bush years.
Hey Romney, kick-backs from the olympics? Worst governor in the history of the State of Massachusetts.
You have no room, let along experience, to talk – our new President is doing a great job, HE WON, you LOST.
George W Bush and his Republican companions destoryed our country's economy, standing in the world, and bled our nation's
treasury because of two unnecessary wars that are dragging on
still. BUSH = NO EXPERIENCE. BUSH = idiot wingnut just
like Romney.
Congratulations President Obama – you are doing a great job!
Say what you want about his social views but this man knows business. He's the only governor in MA history to balance the state budget for four years. Of course, it meant a lot of cuts to a lot of programs but he made the tough decisions, stood by them and it kept the state afloat. Now we have a far left governor who spends and spends, leading us to an enormous budget deficit.
I'm not saying I'd vote for him as President...it's a decision I would have to make down the road if he were to run again. However, I know he'd be a great consultant to any administration, including the current one.
sounds like that will help only big business as a small business owner you could drop my taxes to zero and i could not hire anyone because the average person that i sell to is not spending money i own a travel agency thats been in business for 25 years and will close my door next year the republican plan is keep the money at the top
Hmmm..... tax cuts, cuts to entitlement programs, deregulation, "free trade".... This all sounds so familiar. Have a nice day!
Pshaw...What would he know. He just ran a successful company, was the executive of a state, and has run for President. What would he know about job creation? Oh wait, infinitely more than the people who have been appointed to cabinet or czar positions. THose people OVERWHELMINGLY have experience raising taxes and stiffling job creation, as their only experience has been in government.
All of the republicans, have a plan until they get into the White House, and then it all goes south.
Mr. Romney needs to just keep his ideas to him self, all of the tea baggers need to go form another country, and get out of this one.
Thank you.
I think he probably uses rubber cement to do his hair...it's the fumes addling his neocon brain. Better get all those talking points out there quick though GOPers...headlines like "Jobless claims slide to near 15-month low" a couple articles down aren't going to help you continue the smear campaign.
Romney is just sucking up to the same old ignorant and naive crowd that thinks the answer to everything is to give more money to the wealthy.
It's also completely false that President Obama, "turned over much of his economic recovery agenda to House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid."
If I were a Republican, I would be completely insulted by how stupid my party leaders think I am.
And insulted by the fact that all they can offer is the same tried-and-failed policies, fear-mongering and division.
What a bunch of losers!!!!
Romney puts out this nonsense days after the CBO actually reported how recovery efforts earlier this year created/saved up to 1.6 million jobs.
Although we still have a ways to go, unemployment claims fortunately FELL last week to a 15-month low from first-time filers. Perhaps Romney missed that report, too...
I agree with Mitt! BO has NO experience and Romney would be a much better president!
Same old Republican story...they just don't get it...this is the same plan that ruined our economy over the past 8 years.
what mitt is saying is give more tax breaks to the rich and trickle down will work did not give it time in 1980 , i wonder how many jobs his company help set up oveseas in the last year
Notice how none of the Republicans refer to our president as "President Obama?"
It's always "Obama" or "Barack Obama."
The Republicans are a bunch of whiny, immature, inconsiderate jerks – and every time they open their mouths, they prove it again.
Their lack of respect for the office of the President is astounding!
What a bunch of self-righteous, arrogant hypocrites!
And what a horrible example they are to the children of our country – if you don't get what you want or if you lose, just be a big cry baby.
Pathetic!
Did Mr. Mittens say install regulations for the financial sector? There goes the republican vote, but he still has the anti union base.
Just ask Massachucetts about Romney.....He is a disaster............
The best way to fix and keep the economy from tanking again is not to elect any more spend, spend, spend Republicans to the House or Senate.
From 1994 to 2006 these Republicans have been so concerned about their social agenda that they have forgotten their fiscally conservative roots.
It's time they prioritize – what comes first? Fiscal responsibility or social conservatism? At this point in the Nation's history, they can't do both.
LOL, why Romney didn't make it to the Republican National Convention as the Republican Candidate?
Yet another typical Republican response. They know that unemployment was going to skyrocket, & yet how quickly forget that it was Republican agenda that got us here in the first place. President Obama is working hard to turn things around. It will take time. There may be mistakes by both parties as we move to reverse a near depression. The parties may not agree on a lot of ideas but surely there some things that will help. The bickering needs to STOP NOW!! How about having corporate America doing something for the UNITED STATES & OPEN AT LEAST ONE PLANT HERE IN AMERICA, DO SOMETHING FOR YOUR HOME COUNTRY BECAUSE CONCERN FOR OUR COUNTRY!!! Both parties need to contact their corporate friends & START NOW!!! UNEMPLOYMENT IS A PROBLEM FOR ALL OF US!
Concerned Independent Voter
This rich guy has no clue. None what so ever.
Romney would suck the life out of our economy just like Bush did.
Mr. Romney, you have distorted the truth about Obama having relied on Nancy Pelosi and Harry Reid regarding financial decisions. It is well documented that Obama had an expert team of economists and financial geniuses to guide him, just as you would need to use such a team if you were President because you have had "no experience in the world" of
international relations and war/peace policy and many other pervasive
governing issues for America.
he is crazy where were you when gop crashed our economy. just shut up looser.
Our Savior has spoken. blah blah I noticed part of the plan is to continue the tax cuts on the wealthy.
I am Mitt Romney I was born with a silver spoon in my mouth I have never done any real physical labor in my life. I was fortunate enough to have plenty of money to make more money. I really don't know how the real economy operates but since I am considered a successful business man I am revered by stupid people just a moment a hair is out of place ok back to me I am rich and I want my rich buddies to pay as little in taxes as possible.
What a fraud this Nimrod is.
Some of the ideas are good, some are total garbage... Trickle down does not work... if you give big business tax incentives, the savings goes into management bonuses, not new jobs. Honestly, if trickle down worked and wall street and financial institutions didn't need regulations we would be doing very well as a country right now.
He should of added that , by giving 1.5 Billion ( Stimulus Dollars ) to China to build The Turbines for the Texas wind farm , that is going to creat only 20 permant jobs here , while in Chia it is going to create 2,000 jobs.
What a goob.
Then why didn't he offer to help the administration rather than just wait to criticize. There will never be unity in the USA. I remember those famous words of Churchill, United we Stand, Divided we fall. Politics is fast becoming a bore.
In a nutshell he means more for the rich, less for the poor and a Dominos Pizza on every block.
Romney can ramble all he wants. But both his professional life and his political life prove that, if he gets the power, he will "fix the economy" for the top 2%. That's what got us into this mess in the first place but people listen to his blathering like he's the "next coming."
Romney's success was built on exporting jobs when he ran Bain. It made him a multimillionaire and he just wants to do more and more. The heck with the middle class that suffers.
Romney has the experience and pragmatic approach needed in a President. Obama will lose in 2012 if he keeps up his brainless policies.
So typical. I could have recited Mitt's plan in my sleep. It's the same plan they have used for the past decade and here they are trying to push it up out of its grave again. If his plan worked we wouldn't be where we are today. This plan helps the rich, the corporations, and business. This plan takes away from the sick, the elderly, the middle class and the poor. Spend on the military, spend on private business, minimal regulation, and you know the rest of the story.
Interesting that the story two down from this one is "Jobless claims slide to near 15-month low."
Day late and a dollar short, Mitt. And remember, it's private sector corporates like him that landed us in this mess in the first place. And he's claiming his business-elite connections are a plus? Please. He shares the mindset of the fools that very nearly crashed the economy.
Mitt you are fantastic I like it very much , I will tell the trueth now, you don't have to be to smart for that this is just COMMON SENCE " for normal americans , but this is a big sign OUT OF JOBS for this idiot's in washington we have to vote them out as soon as we can !
Some good points, but he left out a few:
11. Impose a 100% tariff on all Chinese imports.
12. Aggressively pursue and punish employers who knowingly hire illegal immigrants.
13. Free public education should be only provided to those who can prove residence.
wow.........sounds like some good ideas mixed with some typical republican b.s.......and topped off with a big ol' helping of threats! That was completely unnesscessary.
Yeah, it's too early to place bets, but I'd say it would be fairly safe to say that Romney will run in 2012. His main problem might be the Massachusetts health care plan that forced small businesses to cut back on employees or go out of business and nearly bankrupted the state.
I thought you Dems said that rebublicans wern't helping?????
If Odumbo will listen (if he will shut up for a second) to someone who knows what they are taking about.......................what am I thinking, Odumbo thinks he is God and so do his followers. It will be the Odumbo way all the way or no way.
Odumbo has put us on a highway of no return and the damages are just going to get worse.
I can't beleive we hired a unexperianced community leader to run the country, what were you fools thinking.
Romney's plan is a prescription to restart the Great Depression. You do not create jobs by cutting spending, nor can you revive confidence in the dollar by cutting taxes! I would also question how even more "free trade" is going to create jobs in the United States.
Romney is just another guy like Skilling or Madoff who made huge amounts of money off of the gullible in the boom years. The "smartest guys in the room" are the guys who got us into this mess.
Obama gets no credit for staving off what looked like it was going to be a total economic collapse. It is good that we are at the point where people can whine about unemployment near %10 instead of worrying that their bank accounts will go to zero. The economy seems to be on the mend, jobs will follow. Romney and the other over inflated egos can go stuff it. (Maybe he should get a real job.)
Not one of Mitt's five sons did any military service in Iraq or Afghanistan.
So why would anybody respect his insight on the economy .
Mitts's part of the problem , not the solution !
This is news? It should be grouped with these stories:
"Dog Discusses Solutions to Differential Equations"
"Pope Announces Corrections to the Bhagavad Gita"
"Artist Discusses Plan to Paint Sky Green"
Romney is speaking above his ability, out of his realm of knowledge, and has no hope of executing.
This story is In a word: "Irrelevant".
Raro raro raro , you want that limbaugh the golfer should like you , ha ? Mitt you are trying to fool us again about where you stands on conservative issues , you are beter then mccain but not good ,
Romney is far more knowledgeable about this than the President.
Mitt 2012!
Romney has the political and the private sector experience, but please note is not an Obama syncophant, so he was not invited to the Jobs Summit. It will be another Obama lovefest, with nothing accomplished.
Long- term, sustained economic growth does not come from government spending. Romney is correct; American economic health stems from the private sector creating wealth and opportunity.
Romney always makes me laugh. He says things almost as stupid as Palin or Bachmann. I'd never vote for him, but I think his hair could do really well on "Dancing with the Stars."
Way to go Romney!!!!!. When will this country learn that the government isn't spending their own money to "help" us, but they are spending our money. Too bad most of the democrats don't pay their taxes, so they don't know what it is like to have some government idiots waste it. To countries like China, who hold a large amount of American debt, we are showing them that they we have no fiscal control and that they will have a good chance at owning us soon. How is that hope and change working for everybody. For all you idiots who still proudly display your Obama bumper stickers: Thanks for bankrupting our nation.
Lower taxes, deregulate every greedy wall street crook, don't spend money on helping people, only on killing people.
Isn't this what we did for 8+ years that screwed us in the first place?
We can do better than fall back to this failed mantra of greed and excess, where only the rich get richer and the rest of the country is left to suffer with lower wages, more toxins in our environment and no way to protect our interests with either unions or regulators.
These 10 points have been tried, they have been measured, they have come up short.
Sounds like trickle down to me... We have given tax break after tax break to business but it has produced NOTHING in terms of job creation... Greed! Greed! Greed! Greed!
How can he say that I was "unnecessarily unemployed due to the president's faulty economic program will not forget?"
Sure, we won't forget that a president created this mess... President Bush and the Republicans with their spend, spend, spend and cut taxes policies. I don't blame Obama. I will in two years, but not yet. This mess started 8 years ago with tax cuts for the wealthy and the folly know as the Iraq invasion.
Don't worry Mr. Romney, I won't forget and I won't let those around me forget. I'll hold Mr. Obama accountable for his follies, should he make them, but I'm not so stupid to be blind to the root causes.
Talk about placating and pacifying Special Interests and a select few. What Romney proposes is just more of the same that got us to were we are. The Republicans have to get serious about being interested in doing what is right for the people instead of just being 'puppets' for those who strongly support them.
Anything to get a vote, Mitt.
You will never be president, why not
go back to the "private sector" yourself?
Oh, we've heard this one for years: Businessmen are the folks who should be running government. Gotta have bid'ness experience. Like George W. Bush, that great bid'ness man from my home state, or those slick Wall Street guys who gave us the recent economic meltdown. Sounds like a great idea.
Well, government is not a business, and neither should it be. Government doesn't function to make money. It is there to protect the population, protect the economy, and ensure our constitutional rights. What kind of experience does Mitt have in doing that? What sort of military experience does he have? How well does he understand the Constitution? What has he ever sacrificed for his country? How well does he understand what the poor go through to survive? When was the last time he was oppressed, hungry, or broke? That's the kind of experience that might better inform him as a president.
mitt romney, you are an idiot.
Mitt knows all about jobs–he made his millions by helping to purchase companies, gut them, terminate employees and then sell them at a profit! He has the same old failed Republican ideas from the the 1930s–tax breaks for millionaires who don't need them and no regulations for business–the same stuff that got us into the recession we're in now!
As if the Barbie Doll could have done better?
You can tell this guy is a piece of work.
Isn't it funny that he seems to think that giving money to the businesses who created this mess will solve it? Isn't there a word for that? Oh yeah, it's called extortion
One way to help the economy is have his 5 sons volunteer for military service, that would open up jobs for 5 unemployed people to fill.
Could somebody please tell Mitt his 15 Mins are up.
This would be a prime opportunity for the administration to actually listen to someone with a different political view. Romney has a pretty good track record (other than that mandatory insurance fiasco in Massachusetts) and has ideas that definitely should be considered.
The fear of upstart (and existing) businesses of new and unknown taxes and expenses is stifling expansion.
He certainly has a point on new nuclear power plants. NO green-house emissions and we could learn from the French about efficient disposal techniques.
But, this is not what Reagan did when he inherited his economic crisis...he raised taxes and engaged in crazy deficit laden spending!
Thanks, Guy Smiley. Your plan is as genuine as the orange tan that you have. Great. Thanks for fixing our economy. Now on to those pesky "lib'rals."
Romney=Clown. As if this guy knows anything about employing people and making money. I believe it was his relationship with his daddy that got the silver spoon in Baby Mitt's mouth.
In other words, give more tax breaks to the same group of people that have gotten them over and over, and have YET to create jobs. And no more regulation so Wall Street can continue to rob us blind...Just more of the same garbage that got us in this mess to start with. No thank you.