Skip to main content

Mitt Romney has a lot to say about Obama's "failed" national economic policies as president. But what about Romney's failed national economic policies as president?

What's that you say?

Mitt Romney hasn't yet passed any of his core job policies as President of the United States?


Looks like he and Obama might have something in common after all.

Let's face it.

The only core economic policies that Obama has been able to get through the Republican House of Representatives are tax cuts.

And the only "policies" that have been enacted wrt jobs are job cuts by the (often Republican run) states in terms of public sector jobs - teachers, police officers, firemen.

Tax cuts don't create jobs. We warned everyone about that. Obama warned everyone about that.

Tax cuts help rich people. Due to modern productivity, employers can simply force their employees to work harder rather than hire new people. Then they just pocket their tax breaks as profit for investors etc. That's the Bain Capital way.

Without demand, the jobs won't come. Only a significant and sudden increase in demand will force employers to grudgingly hire enough private sector employees to get the employment level near to its historic "comfort zone." Otherwise modern technology, computers, etc - the economy has been reconfigured in terms of productivity and the desperation of workers and employers have it where they want it.

Without returning the public sector employees to their jobs after the wave of Republican job cuts, that demand won't be there.

So, it would be nice if America could actually see Obama's economic and job policies in action before condemning him.

Will Republicans let that happen? No.

They've purposely sabotaged the economy with reckless austerity and public sector job cuts like we see in Europe. They did this for political purposes, to try to undermine the economy while Obama was in power. What they've done is totally irresponsible and immoral - in the patriotic sense, certainly. They know what they're doing, and they know austerity won't create jobs.

Obama is right to point out that his entire economic agenda is still waiting on the sidelines if/when Republicans decide to be patriots and pass job creation bills. He knows they won't.

The only way that job creation will take a front seat to huge corporate profits is if Democrats retake the House and can pass legislation. Otherwise we'll be stuck in the current corporate-ocracy and the gov't will be powerless to stop it (as the Tea Party planned - paralyzing the government for corporate profit is their real agenda, and that's why global corporate businesses and their political think-tanks support the Tea Party).

But let's not pretend Obama's economic policies have failed America.

Obama's economic policies haven't even been tested.

The only thing we've tested are tax cuts and public sector layoffs, and those are 100% Republican agenda items.

Republican economics failed. They held our economy hostage. We tried their economic policies again. They failed again.

The only economic philosophy that has been tried and tested is Mitt Romney's economic philosophy.

He knows he's lying about Obama and his economic legacy.

He knows his own policies would only make the rich richer and the middle class more desperate if he were to win in November.

The only question is whether Americans are going to get fooled by Romney and his Bush-onomics all over again.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  Just look at Romney's performance as (3+ / 0-)

    governor of Massachusetts, and you know everything you need to know. If he couldn't make his policies work on the state level, what makes him think he can do it on a national level?

    For me, Mitt reminds me of Jeff Bridges in Starman. He's like an alien that hasn't read the entire manual. You know, he's going, "Nice to be in a place where the trees are the right size." -- Robin Williams on Letterman 26 Apr 2012

    by hungrycoyote on Fri Jun 01, 2012 at 01:08:42 PM PDT

  •  He's on board with Paul Ryan (1+ / 0-)
    Recommended by:

    ...and Ryan's latest version of a "budget."
    That should tell you all you need to know about Mitt right there, but I'm sure he's got scarier ideas stored up that he can't mention in public right now.
    That's Bushonomics to the Nth degree.

    Everybody got to elevate from the norm....

    by Icicle68 on Fri Jun 01, 2012 at 01:33:22 PM PDT

  •  Ronald Reagan in 1980 challenged voters (1+ / 0-)
    Recommended by:

    with the "Are you better off" question .

    In 2012 the question to Romney should be "Is there a dime's worth of difference between your policies and the preven destructive ones of George W. Bush?"

    Lather. Rinse. Repeat.

    "..The political class cannot solve the problems it created. " - Jay Rosen

    by New Rule on Fri Jun 01, 2012 at 01:52:59 PM PDT

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site