Romney’s Economic Program: Tinkering, Not Fundamental Reform

By:  Michael Tennant
09/08/2011
       
Romney’s Economic Program: Tinkering, Not Fundamental Reform

Former Massachusetts Governor and 2012 Republican presidential candidate Mitt Romney unveiled his economic agenda Tuesday, beating President Barack Obama to the punch by two days. (Obama will present his jobs plan in a speech to a joint session of Congress Thursday evening.) Romney’s plan is, as former Labor Secretary Robert Reich put it, “unremarkable, to say the least.”

To his credit, Romney seems to grasp that the private sector, not government, is the source of American prosperity. In the summary of his agenda found on his website, Romney says that his plan “does not promise the immediate creation of some imaginary number of jobs, because government cannot create jobs — at least not productive ones that contribute to our long-term prosperity. It is economic growth, not government growth, that provides productive opportunities for American workers.” (This did not, however, stop Romney from claiming that his plan would create 11 million jobs during his first four years in office.)

Former Massachusetts Governor and 2012 Republican presidential candidate Mitt Romney unveiled his economic agenda Tuesday, beating President Barack Obama to the punch by two days. (Obama will present his jobs plan in a speech to a joint session of Congress Thursday evening.) Romney’s plan is, as former Labor Secretary Robert Reich put it, “unremarkable, to say the least.”

To his credit, Romney seems to grasp that the private sector, not government, is the source of American prosperity. In the summary of his agenda found on his website, Romney says that his plan “does not promise the immediate creation of some imaginary number of jobs, because government cannot create jobs — at least not productive ones that contribute to our long-term prosperity. It is economic growth, not government growth, that provides productive opportunities for American workers.” (This did not, however, stop Romney from claiming that his plan would create 11 million jobs during his first four years in office.)

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Photo of Mitt Romney: AP Images

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