Romney: Obama's Economic Policy 'Abject Failure'

Monday, 22 Aug 2011 07:04 PM

By Jim Meyers

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Republican presidential candidate Mitt Romney declares that President Obama’s economic policy has been “an abject failure” and charges that his administration has been “anti-business” and “anti-growth.”

Speaking about economics with Fox News’ Neil Cavuto on Monday afternoon, the former Massachusetts governor said: “I fundamentally believe that the American people are about to say that the Obama experiment has failed.

“They recognize that the president’s going to come out with a new economic plan, but we’ve seen the results of his last economic plan. It’s been an abject failure. We’re going to reject Obama, get back on track, and restore the greatness that is America.”

Asked about calls for higher taxes on wealthy Americans, Romney — a highly successful businessman who has spent 25 years in the private sector — responded: “Right now we need job creators to use their capital to start new businesses, to put people to work, and the last thing I want to do is to take money away from entrepreneurs and innovators, small business people.

“When I go across the country and I sit down with small business folks, they tell me this has been the most anti-business, anti-investment, anti-growth administration they have ever seen.

“We need jobs right now and the president and others are saying just give us money from rich people. What I want to do is get Americans back to work.
“America’s business sector has been crushed by policies out of this White House that are so wrong-headed, most people in the business world just shake their head, and many take their money and go elsewhere.

“Attacking business like the Democrats want to do, and class warfare like some members of the administration want to do, is simply the wrong way to go.”

Romney added: “If the president would have adopted the policies that Ronald Reagan adopted when Reagan saw unemployment above 10 percent, we’d be back having millions of jobs created.”



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