Romney: Obama passive in the face of ‘fiscal cliff’
September 15th, 2012
04:30 PM ET
6 years ago

Romney: Obama passive in the face of ‘fiscal cliff’

(CNN) - In his weekly podcast on Saturday, Republican presidential nominee Mitt Romney described President Barack Obama as handling the economy negligently while the country approaches a “fiscal cliff.”

"Political gridlock threatens to plunge us back into recession, but instead of seeking bipartisan solutions, President Obama is passively allowing us to go over a fiscal cliff," Romney said. The White House Budget Office reported this week that a collection of tax increases and spending cuts holds in store harsh consequences for the economy.

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To illustrate his point, Romney suggested listeners consider the situation into which a young woman starting college today will find herself at graduation.

"If Barack Obama is president, she'll have fewer job opportunities. And if she's lucky enough to get a job, she'll face higher taxes to pay down our nation's staggering debt," Romney said. “If I'm elected, that young woman will enter an economy that's filled with good jobs. She'll keep more of the money she earns. And she'll be more confident in her future - and in the future of the country."

Romney charged that Obama has been "driving jobs overseas," citing the U.S.' declining share of worldwide manufacturing and China's emergence, including its gains made by taking advantage of U.S. businesses.

"According to a government study, China's theft of America's intellectual property has cost us more than 2 million jobs," Romney said. “And again, President Obama has failed to protect those rights. It's bad enough that he won't stand up for companies and workers that are cheated by China. What's even worse is that his policies are making America less competitive."

When the president has acted, he "has imposed major new federal regulations at an unprecedented rate."

In contrast, Romney said his plans would "strengthen our middle class ... result in bigger paychecks and 12 million new jobs in my first term."

Romney was off of the campaign trail on Saturday, but his running mate was campaigning in Florida and talking economics. Republican vice presidential nominee Paul Ryan called the Federal Reserve's recently announced economic stimulus "insidious."

As he opened the podcast, Romney paused to acknowledge the subject of headlines and Obama's weekly address earlier in the day.

"I want to begin by acknowledging and joining with you in mourning the death of four Americans who were killed in Libya this week," Romney said. "We hold their loved ones in our prayers and we keep them in our hearts and memories."

The two men had during the week exchanged jabs over Obama's handling of the Arab world unrest. But on Saturday, Obama remained at the White House without a public schedule, and Romney spent a portion of the afternoon at one of his grandson's soccer games in Massachusetts.

Filed under: 2012 • Mitt Romney
soundoff (104 Responses)
  1. S.B. Stein E.B. NJ

    And what would Romney do in the situation where there were Democrats that failed to listen to his requests and remained obstinate? I doubt that he could get anything done. So, that is how Obama is with the Teapublicans in the House.

    September 15, 2012 11:10 pm at 11:10 pm |
  2. ted

    Mittens, the GOP has obstructed any reasonable chance to get out from under this fiscal morass that, gee, started under the last GOP administration. Keep in mind that DICK Cheney said deficits don't matter. You and Ryan are very dangerous ,men.

    Obama/Biden 2012

    September 15, 2012 11:10 pm at 11:10 pm |
  3. alex santana

    Does Paul Ryan have a curfew? Every time he speaks...I feel like I am looking at a teenager trying to get into the malt shop! Every word out of his mouth sounds like it comes from an immature teenager. He has no real clue what it means to govern. If Romney won, this childlike puppet head would be president? God help us. Does he even know Canada is a foreign country....does he look at his speeches? They are so childlike...certainly he can't believe what he says. Can he?

    September 15, 2012 11:12 pm at 11:12 pm |
  4. Paul_I

    Mitt, gather your GOP brethren and approach Obama with real and tangible compromise other than a commitment to vote No, and then you can complain about Obama. First prove you can lead your own party.

    September 15, 2012 11:26 pm at 11:26 pm |
  5. bcrunner

    Gee, and let's see... who brought us the fiscal cliff??? Hmmmm..... it was the Republicans... right???

    September 15, 2012 11:53 pm at 11:53 pm |
  6. The Unsub

    Try again in 16 GOP!

    September 16, 2012 12:16 am at 12:16 am |
  7. Af

    Romney/Ryan are two big lyars , they hide talking about the voucher card to replace medicare, they don't talk about tax return, bank account overseas, they are untrust politician, viva Obama2012

    September 16, 2012 12:19 am at 12:19 am |
  8. Tom Joad

    Tools for Romney!

    September 16, 2012 12:20 am at 12:20 am |
  9. ngc1300

    !2 million jobs in 4 years? We can't possibly eat THAT many burgers.

    September 16, 2012 12:28 am at 12:28 am |
  10. Brian Dodge

    "...instead of seeking bipartisan solutions, President Obama is passively allowing us to go over a fiscal cliff,"

    The last "negotiations" between Obama and Boehner resulted in Boehner getting, in his own words "98 percent of what he wanted" – and that WASN'T ENOUGH. Seeking bipartisan solutions doesn't mean giving in to "give us 100% of what we want or else" Republican blackmail. They want us to fail, I say let the economy go off the cliff – the highest Wall Street fliers have the farthest to fall.

    Robme's claim that "Obama is driving jobs overseas" is total hypocrisy – Robme was the bus driver at Bain while they were driving jobs to China, – retroactive resignation nonwihstanding.

    September 16, 2012 01:21 am at 1:21 am |
  11. stranger in an increasingly strange land

    Only Republicans would call the Feds efforts to help the economy "Insidious".

    What part is "Insidious"? The part where American workers might get a job? The part where middle class businesspeople can possibly get money to upgrade their companies? The part where newly hired workers might be able to keep their homes or pay medical bills because the Republicans do not want them insured?

    Or is it "Insidious" because they money is not being funneled directly to the top 1% of America's richest? If the FED was to send the money directly to those same ultra rich individuals, would Ryan and Romney say anything? The rich could buy some extra champaign and the line up a few underprivileged people under the balcony and trickled down on them.

    September 16, 2012 01:23 am at 1:23 am |
  12. stranger in an increasingly strange land

    Not to mention that the gridlock was caused by Republicans refusing to do anything to halt the upcoming "Fiscal cliff" unless the President and Democrats give the rich huge tax cuts prior to Republican cooperation.

    This like giving bags of money to Mafioso bosses and saying: "Now you guys promised to be good if we gave you all this money." Neither Mafioso nor Republicans are l;ikely to change their attitudes or their actions no matter how much they get. Both groups are too greedy.

    September 16, 2012 01:32 am at 1:32 am |
  13. anonoymous

    I wonder if Mr Obama said Mr Romney you would make a wonderful president. If Romney would fault in that and call Mr Obama a liar....

    September 16, 2012 01:38 am at 1:38 am |
  14. Naomi

    Jeez he's getting so desperate and it's very apparent.

    September 16, 2012 01:58 am at 1:58 am |
  15. Steven Colo

    Why does Romney feel that Obama is to blame for the intransigence of Congress?

    September 16, 2012 02:41 am at 2:41 am |
  16. AmericanDreamo

    When I first watch Paul Ryan on Tv as a VP pick. I was moved thinkin he smart and honest, as I listened and read more about him I realised his 14 yrs in the budget commitee were spent manipulating facts.... Wake up Amrica we need honest people to reprsent us...

    September 16, 2012 02:49 am at 2:49 am |
  17. sean74cnn

    Romney is running on a hot air platform. He is giving no specifics other than to say he wants to cut taxes by 20% and close tax loopholes. The non-partisan CBO says those loopholes will cost the middle-class more and the already wealthy will benefit.

    So in fact, Romney's one specific plan is to scr3w the middle-class. W T F

    September 16, 2012 03:54 am at 3:54 am |
  18. Name clear view

    I have only one question can anyone tell me what's romney's plans are for our country because he won't tell us

    September 16, 2012 04:51 am at 4:51 am |
  19. alien

    Ryan voted with the Bush ,Cheney administration to obliterate the economy, how can this man stand there with a staight face and lie, the only reason he is saying these things is because the POTUS is a democrat and republicans want the prez to fail and secondly, there's a black boy in the whitehouse, right Mitch McConnell?

    September 16, 2012 06:27 am at 6:27 am |
  20. Dilip Samuels

    Fiscal Cliff and Romneys solution:
    5 trillion in tax cuts for the wealthy
    1 trillion for the military

    Now explain the deficit Romney

    And yeah!!! the question that will HAUNT ROMNEY -- Did Romney AVOID TAXES BY HIDING MONEY IN OFF SHORE ACCOUNTS



    September 16, 2012 06:47 am at 6:47 am |
  21. Redleg56

    Obama offered Republicans 90% what they wanted. IT wasn't enough for a spoiled brat like Ryan so they chose sequester over complromise. Besides, if Ryan and Ronmey are so strong on national defense and security why did they want to let Bin Laden die of old age and what kept them from enlisting?

    September 16, 2012 07:09 am at 7:09 am |
  22. BT

    Ronmey always talks about his fairytale future if he's elected, but he doesn't mention one specific on how he would do it. Not one. His plan is more tax breaks for billionaires, tax hikes for the middle class, turn medicare over to insurance companies, and turn Social security over to Wall street (and deregulate Wall Street too so they can do what the heck they want with our Social Security). That will undoubtedly make a few people very very rich while throwing the American Middle Class under the bus. That's the reality vs. his made up utopia.

    September 16, 2012 07:18 am at 7:18 am |
  23. onlyfacts

    Romney lies again. "Bipartisan solutions" google: republicans voting against bills they sponsored. Fact: many college students won't get to finish college if Pell Grants are cut, which is in Ryans budget. Fact: US solar panel mfg's couldn't compete with China's low cost production, Obama admin. Has recently imposed tariffs against China's exports, to allow for fairer competition. To date Bush imposed more regulations than Obama has. Romney says his plan will result in bigger paychecks. I wonder how many Americans will fall for that one?

    September 16, 2012 07:54 am at 7:54 am |
  24. Ron

    I am getting sick and tired of everyone, especially this clown and his running mate, blaming President Obama for the fiscal cliff. The fiscal cliff is Congress' doing and it is their responsibility to fix it. Congress is supposedly composed of the best and brightest in our country; they shouldn't need outside "leadership" to do their job.

    September 16, 2012 08:13 am at 8:13 am |
  25. HUH?

    Blame the President ONCE AGAING for Congress' inability to work together. The ONLY solution is to give Obama a filibuster proof Congress or America will continue its slow recovery instead of making great bounds. Stop letting the GoP hold us hostage people...VOTE.

    September 16, 2012 08:19 am at 8:19 am |
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