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Local Editorials

BCR Commentary: Better chance for recovery

Too many Americans don’t have good jobs. Gov. Mitt Romney’s 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 for president.

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

Which candidate will best be able to lead the U.S. out of the economic funk it has 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 again?

President Barack Obama has a record on those issues.

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

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

About 30 million Americans received food stamps in 2008. Today, about 46 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 President Obama, it has done so at a snail’s pace, not nearly 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 leads us to believe we will be better off with four more years of President Obama in the White House.

As when he first was elected, President Obama still stands for bigger government (see the Affordable Care Act, aka 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.

Gov. 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, Gov. Romney balanced the state’s budget in his first 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 Gov. Romney and Bain as greedy corporate raiders out to squeeze struggling companies out of every penny, the fact is that Bain invested in many start-up companies that today successfully employ tens of thousands of Americans. Gov. 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 and increased fundraising, and the 2002 Games ended with a $100 million surplus.

Gov. 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 Gov. Romney.

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