Thursday, October 18, 2012

"No idea how the economy works"


The Manchester Union Leader has a "why don't you tell me something I didn't know" editorial endorsement of Mitt Romney this morning.
If the last four years were not convincing enough, President Obama proved during Tuesday night’s debate that he has no clue how the economy works...The President shows by his actions and policy proposals that he really believes the only way economies thrive is when they are directed by government policy-makers and bureaucrats...

...

For example, the first questioner Tuesday night asked how the candidates would assure that he has a job after he graduates college in 2014. Obama’s telling answer was that he would punish companies that offshore, further subsidize college loans, invest “in solar and wind and biofuels, energy efficient cars,” raise taxes on the rich, and increase spending on roads, bridges and schools.

He has actually accomplished all of those things except raising taxes on the rich. What are the results? The slowest economic recovery in U.S. history.
And there's more...

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