Mitt Romney is thought by many voters to be a better steward of the economy than President Obama. What would Mitt do differently than Barack? Mitt said that he would let the auto industry go bankrupt costing 100,000s of American jobs. Mitt also stated that the housing bubble should be allowed to deflate quickly and naturally, allowing home prices to recover sooner rather later.
Assume that we are at point A in the Great Recession. Mitt’s plans for the economy would get us to point B more quickly than the slow recovery under Barack Obama’s leadership, which continues to be hampered by the GOP in Congress. We know what to call the time between points A and B under Mitt’s leadership as President, if elected. We would call the experience the Great Depression 2.
Now Mitt has said he would maintain the safety net and repair it as necessary. The safety net would certainly be required during a Great Depression 2. Could we afford to maintain the safety net? The GOP in Congress are already trying to reduce the availability of food stamp assistance. Do you trust Mitt Romney’s promise to maintain the safety net? If you do, consider voting for him and his vision for the US economy. If you do not trust Mitt to keep his promise, vote for the proven record of President Obama. A Great Depression 2 would be an inconvenience for the 1%, but a disaster for millions of Americans.