January 14th, 2008
03:59 PM ET
14 years ago

Romney's pitch to Michigan: It's the economy, stupid

DETROIT, Michigan (CNN) -– Republican Mitt Romney addressed the Detroit Economic Club on Monday, telling the assembled business leaders, “What Michigan is feeling will be felt by the entire nation unless we win the economic battle here.”

“Michigan is a bit like the canary in the mineshaft. What's hurting Michigan,” he continued, “will imperil the entire nation's economy."

The central focus of Romney’s pitch to Michigan voters has been getting the state out of what Romney calls a “one-state recession.” Many manufacturing plants in Michigan have either cut back their work force or shut down all together, resulting in the country’s highest unemployment rate, 7.4 percent.

“It is inexcusable to me to see these jobs going away again, and again and again,” Romney said outside a GM plant that had just announced 200 layoffs. “Where does it stop? Is there a point at which someone says ‘you know, that’s enough?’”

His plan to stimulate the economy calls for increased investment in research and development in science and technology, eliminating the savings tax, and working with homeowners to avoid foreclosures.

Crowds have been responding with applause when the Michigan-born Romney mentions his father George, a three-time Michigan governor.

A win in Michigan is has become central to Romney’s candidacy after losses in Iowa and New Hampshire, though he has said he will continue to campaign even if he isn’t victorious. Michigan holds its primary Tuesday.

Romney is locked in a tight race with primary rivals John McCain and Mike Huckabee in polls released this weekend.

- CNN Political Producer Alexander Marquardt

Filed under: Michigan • Mitt Romney
soundoff (66 Responses)
  1. Doug

    Unlike McCain, he has not lived off of a Government check his whole life. Mitt knows how the economy works.

    January 14, 2008 05:10 pm at 5:10 pm |
  2. Jamal Williams, Washington

    This should be his pitch to the entire NATION, not just MICHIGAN. Yes, it is about the economy stupid. If you want the US to continue down the same road, keep electing the same stupid politicians! (who I wouldn't even trust to balance my checkbook).

    January 14, 2008 05:12 pm at 5:12 pm |
  3. Lev Klinemann, CA

    I don't even know why the Repulicans bother with Michigan, that state was devastated by this Neo-Con "Free Market" crap that has destroyed the unions...

    ...and an empty belly breeds a lot of resentment, the Michiganians are not stupid, they know who did it to them.

    January 14, 2008 05:15 pm at 5:15 pm |
  4. Wayne, Greenville TX

    “Michigan is a bit like the canary in the mineshaft. What's hurting Michigan,” he continued, “will imperil the entire nation's economy."

    And MItt Romney is to America what carbon monoxide is to a canary...

    January 14, 2008 05:16 pm at 5:16 pm |
  5. Mike Allen

    Romney represents the Problem with the economy, not the solution. It is multi millionaire / billionaire corpoate Ceo's like Romney who have sent all our jobs overseas so that they can reap grotesque personal fortunes off the sweat of Chinese slave labor while Americans lose jobs. We are supposed to be impressed by Romneys experience and success as a billionaire Ceo. When in fact it is the fat, filthy rich Ceo's that are destroying the middle class while awarding themselves billion dollar golden parachutes for draining american companies dry.

    January 14, 2008 05:18 pm at 5:18 pm |
  6. AJ, Iowa City, IA

    Oh, Huckabee will fix this economy by implementing a 23% federal tax in addition to a 7% state tax and if you can't afford to pay for essential, trust the government and you'll fit right in with the equations in use today to get paid (or a pre-bate) to cover your essentials. We will make everything fair! (Sounds like communism to me!). What the economy is a business... well no body told me that!

    Then McCain will come in and call everybody "jerks" who do not contribute the economy and the insult will stike to the heart and everyone will go out and buy a Ford, Chevy or Dodge.

    Done, fixed!

    January 14, 2008 05:19 pm at 5:19 pm |
  7. I. Dern, Farifax, VA

    A poll comes out.

    Two days later Mitt Romney's campaign is all about whatever the new poll is about.

    Just like clockwork.


    January 14, 2008 05:19 pm at 5:19 pm |
  8. Nate Lambert

    If Mitt wins, he's back in the race! Go Romney!

    January 14, 2008 05:21 pm at 5:21 pm |
  9. Cat, Costa Mesa, CA

    Romney is the only one who knows how to turn this economy around. Being young and just starting my career, the idea of a recession is absolutely frightening to me. Can my job be done better, and CHEAPER by someone over seas? Will my taxes increase in order to fund some illegals medical care? Will my student loans go throught the roof? These are all questions I concern myself with every day. The only candidate who knows how to stimulate the economy, and in turn alleviate these concerns is Mitt Romney!

    He knows how to turn tough situations around. He knows how to make money and bring life into what others have said has failed! He is the only candidate I can trust won't take my hard earned income and give it away. He is the only candidate I can trust won't make me sign up for some third rate healthcare plan, spend thousands a year in pork barrell scams, and will do what it takes to keep us safe.

    The same cannot be said of others!

    January 14, 2008 05:33 pm at 5:33 pm |
  10. Texas Teacher

    🙂 Matters of the ECONOMY are Romney's strong point...that and his dignified, Presidential-like leadership demeanor free of the childlike tantrum throwing and wild-eyed hysterical off-base accusations and name calling tirades which plaque the uckabee/McCain and Clinton/Edwards gang.

    Romney/Thompson in 2008!!! 🙂 WOO HOOO!!!!

    January 14, 2008 05:38 pm at 5:38 pm |
  11. Brian

    Mitt is certainly the most qualified for the economy. I want my 401k and My IRA's to stop suffering! I will vote Romney based on his credentials and his intellect to stimulate the economy. I know he'll be working for America hard!

    January 14, 2008 05:39 pm at 5:39 pm |
  12. AJ, Iowa City, IA

    Mitt is our best chance to get out of economic recession!

    Vote McCain = Vote more War
    Vote Huckabee = Vote for Socialism (what are you thinking?!)

    January 14, 2008 05:41 pm at 5:41 pm |
  13. Gobama

    Which of the Clintons are running for the Presidency?


    Is Hilary Clinton incapable of running a national campaign on her own?

    So much for woman's liberation. LOL

    Bill Clinton is proving that a woman/Hilary Clinton IS INCAPABLE of running a US national campaign on her own. LOL

    And if Bill Clinton has to be the one campaigning for the Clintons THIRD TERM, then it means that the Clintons are eager for another chance to DAMAGE THE US PRESIDENCY!

    January 14, 2008 05:45 pm at 5:45 pm |
  14. Jen Cedar Falls, IA

    This man HAS it, if you haven't looked into him because you've been snowballed into believing the negative hype from Huckabee and McCain or the Dem's, go check him out.
    Mitt has the WHOLE package!

    January 14, 2008 05:51 pm at 5:51 pm |
  15. David

    Don't be fooled by Romney. He does not understand the root cause our economy is experiencing, which is inflation caused by the Federal Reserve banking system.

    Inflation comes from an uneven change in the volume, say, when money is printed and given to a defense contractor. For the moment the contractor’s suppliers do not realize the money volume has changed, the recipient of the printed money experiences increased purchasing power. The workers end up receiving the wage in old money, but then are faced with prices in the new money after the vendors adjust to the new money supply. If the Fed injects more money into the system, which causes more spending, then you will have more money chasing the same number of goods which causes inflation! All of this causes the citizens to issue T-bills to support the created money and it is our children that pay for the treasury bills we issue to prop up the markets. Any money it releases to “curb market jitters over sub-prime woes” is a tax on unborn children who will be paying the interest on the debt we have accrued.

    Thats right, the whole principle and function of money has switched! Back in the day it was free for citizens to turn their gold and silver into money, which increased the money supply as a wealth to the people. Now green backs created out of thin air are loaned into circulation as debt against future production, not exchanged into circulation as production performed. Money has been switched from an evidence of wealth to an evidence of debt!

    January 14, 2008 05:54 pm at 5:54 pm |
  16. Amalea Hendrickson

    Is it really necessary to add the word stupid after the title in this article? Doing so implies Romney was saying the people of Michigan are stupid which he did not do. When is the media going to give him a break?

    January 14, 2008 05:58 pm at 5:58 pm |
  17. Amanda

    Mitt understands trade and business success. He knows that Michigan will need to compete for the jobs. Michigan can do it with investment, innovation and hard work!

    Romney 2008-2016!

    January 14, 2008 06:02 pm at 6:02 pm |
  18. big doug

    John McCain did his duty 40 years ago in Vietnam. He was unlucky enough to get shot down and captured by the enemy. I respect him for surviving the hell that he and many other brave soldiers went through. All of them should have our sincere gratitude.

    That being said, we are now choosing our next President.

    Mr. John “ITS NOT AMNESTY, THEY HAVE TO PAY A SMALL FINE” McCain could never win the Presidency. McCain would even lose his home state of Arizona where they just repudiated him by enacting the harshest anti-illegal alien law in the nation.

    In 1987 Ronald Reagan granted amnesty to what they estimated to be 1 million illegal aliens. It was in reality 3 times that number. Now John McCain and the Democrats estimate that 12 million illegals are here now. Logically they are again greatly underestimating the real number. Under the McCain plan, all of the illegals would be able to bring their entire families to the U.S. All of them would immediately be eligible for government assistance such as food stamps and healthcare. Last year in the Senate, John McCain lead a few misguided Republicans and almost all the Democrats in a failed attempt to pass the amnesty bill. It just barely failed. The Democratic Presidential candidates all support the amnesty bill. That bill will pass in 2009 unless we stop them.

    The media is doing its best to help the Democrats via John McCain. The Democrats would love to see a John McCain nomination.

    A vote for McCain or Huckabee is a vote for the Democrats and economic failure.

    Mitt is the answer.

    January 14, 2008 06:08 pm at 6:08 pm |
  19. Brian

    Uh. . . David, You really don't know what your talking about. I'm speaking as a financial advisor with licenses in series 7, 66 and designations. That's not the deep underlying cause of inflation, your simply explaining the effect of the markets, and how the FRB issues $ to curb the markets which in turn cause inflation, but remember good old Dave, the FRB wouldn't need to issue $ if the economy wasn't so stressed. Without the Feds, we would already be in a recession. Mitt isn't walking blindly in the economy Dave, he already knows this basic principal of finance. Bless your heart, I'm sure you'll understand someday. Mitt Romney everyone has the financial experience to understand how the economy works, that has been one of his motto's from the beginning. I do have faith and trust in him as a financial professional myself.

    January 14, 2008 06:16 pm at 6:16 pm |
  20. Wayne, Greenville TX

    Amanda January 14, 2008 6:02 pm ET

    Mitt understands trade and business success. He knows that Michigan will need to compete for the jobs. Michigan can do it with investment, innovation and hard work!

    Romney 2008-2016!

    Mitt doesn't understand squat. That's why no one is voting for this loser.

    January 14, 2008 06:17 pm at 6:17 pm |
  21. Joe

    Please support Mitt Romney!

    He is clearly the most qualified to fix the economy and he can handle the world stage without embarrassing the USA (like Huckabee would).

    McCain is so bitter toward the Bush presidency that he would do anything to try and make them look bad if he could get away with it…that is why he voted no on the tax cuts for America. His ego got in the way of doing the right thing for his constituents. Is that the kind of president we want?

    January 14, 2008 06:34 pm at 6:34 pm |
  22. Fred from Michigan

    Amalea Hendrickson you are right. The media has been ragging on Mitt from day one. I wonder what the agenda is of the Media Companies. There always seems to be some "stupid" comment added to his words in an attempt to damage his character or ideas.

    It is very apparent that Mitt is the person to fix the economic crunch we are now under. I was able to go to his speech today and he is a very powerful leader. He knows exactly what needs to be done and trust me DAVID he is well away of the main root of the econmic problems but leave it to the media to not include that in their articles. He deserves to win and will be the best by far for the people of this great nation.
    MITT FOR 2008

    January 14, 2008 06:50 pm at 6:50 pm |
  23. FiscalConservative, USA

    David, I agree that our financial system has it's problems, but apparently Mitt has figured out how to work within the system and knows about the fundamentals of change, and how to bring about consistent, positive change. No, everything's not roses with our financial system, but it is also possible to make the system work for us for a change. This starts by controlling deficit spending and getting our nation back on track by investing in our future. Mitt has spent 25+ years doing this in the private sector, he did it for the Olympics, he did it as Governor, and if anyone can do it as President, it's him. He's earned my vote and confidence. No one else can even touch him when it comes to this. If you want a handout, vote for the other guy (or gal), but if you fundamentally want change in Washington, vote Mitt (or else it's more of the same).

    January 14, 2008 07:18 pm at 7:18 pm |
  24. Mark, Lansing, MI

    Romney has my vote here in Lansing. McCain's double-talk about being for tax cuts then voting against them has disgusted me. Romney has the intelligence, energy and vision to win here in Michigan and around the US.

    January 14, 2008 07:20 pm at 7:20 pm |
  25. Jeremy Irons, Waynesville, MO

    Wayne, Greenville TX, then how come he has the most delegate votes right now? How come in poll after poll, more true conservatives vote for him more than anyone else? Why don't you try and back up that blanket statement of yours with facts? I'll tell you why, because it's not true. Get your head out of the sand and wake up.

    January 14, 2008 07:21 pm at 7:21 pm |
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