Tuesday, February 7, 2012

Presidential Profile: Mitt Romney


Mitt Romney is a moderate or middle-right conservative.  This means that, although he represents a lot of the Republican views, he is able to attract some Democrats - especially the ones that believe in a balanced budget.

Mitt Romney believes in balancing the budget.  His work in the private sector has helped him to do that.  Since you can't survive in the business world without making profits, he has been forced for most of his life to do it.  Mitt Romney is the only candidate that has more experience in the private sector than in politics.

Mitt Romney "saved" the Olympics.  The Salt Lake City Olympics had a projected budget shortfall of almost $400 Million.  We came out of it with a $50 Million surplus.

I learned from reading his book, "No Apology" that Mitt Romney believes in "free-market" economic interactions.  He knows how the "invisible hand" helps control the supply and demand of products and services, and he believes that government intervention in these markets creates inefficiencies.

He is attractive to some Democrats because he doesn't talk much about slashing huge government programs.  He has said that he will help make Medicaid, Medicare and Social Security "more solvent", meaning he will balance their budgets.  Right now, we are paying out trillions more in these programs than we are receiving from tax revenues.  We are able to do this by printing money and borrowing money from China.  To balance these budgets would require a tax hike, which I don't think Romney would propose, or a change to the program that will make it more expensive for people dependent on these programs.

I think Mitt Romney would be a good President because he would stop the current outrageous trend set by Obama of spending twice as much as we take in.  He would encourage the markets to interact without much government intervention.  However, I don't think he would make the difficult decisions that our country needs to make eventually (like abolishing Medicare, Medicaid, and Social Security - SLOWLY) in order to bring the American government back to its small Constitutional size.


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