“In 2008, Americans made a leap of faith when they elevated the inexperienced Obama to the White House. That faith was not rewarded. This time, voters should place their hopes for change in experience, by electing Romney.” – Columbus Dispatch
October 21, 2012
After nearly four years of economic stagnation, massive unemployment, record-setting debt and government intrusions into the economy that have paralyzed the private sector, the United States needs a new direction. For this reason, The Dispatch urges voters to choose Republican Mitt Romney for president in the Nov. 6 election.
Four years after promising hope and change, and after a deficit-driving $787 billion stimulus program, here is the result:
• 12.1 million unemployed, with an unemployment rate above 8 percent for 43 of the past 44 months.
• 8.6 million working part time because they can’t find full-time work
• 2.5 million who wanted to work, but have stopped looking for jobs.
• In 2009, real median household income was $52,195. By 2011, it had fallen to $50,054
• In 2009, the U.S. poverty rate was 14.3 percent. By 2011, the poverty rate climbed to 15 percent.
• On Obama’s watch, 12 million more Americans joined the food-stamp program, which has reached a record of more than 46 million enrollees.
• Annual federal budget deficits above $1 trillion for the past four years, increasing the national debt to an all-time high of $16 trillion.
Obama has failed. That is why Mitt Romney is the preferred choice for president. Romney’s adult life has been spent turning around troubled private and public institutions. These turnarounds include scores of companies acquired and restructured by Bain Capital, the investment firm he founded in 1984. Not all were successes, but that is because to a significant degree, many of the companies Bain took on were high-risk. In 1999, he was asked to take over the scandal-plagued and fiscally mismanaged 2002 Olympics in Salt Lake City. He quickly streamlined its management, fixed its finances and guaranteed its security, turning it into a success. As governor of Massachusetts, he made tough decisions to lead the state out of a budget deficit, and he did so in a state dominated by Democrats.
As a career businessman and former governor, Romney brings a wealth of executive experience in the private sector and the public sector that dwarfs that of Obama. From working both sides of the government/private-sector equation, he understands how that relationship can aid or impede prosperity. His election would be an immediate signal to the private sector that someone who knows what he is doing is managing the nation’s economic policy. The effect on business confidence would be dramatic and immediate, and business confidence is the vital ingredient needed to spur investment and hiring, the two things that the United States so desperately needs.
In 2008, Americans made a leap of faith when they elevated the inexperienced Obama to the White House. That faith was not rewarded. This time, voters should place their hopes for change in experience, by electing Romney.