Op-ed:

Romney vs Obama...let the economic games begin

By: Diane Sori

As the playing field has now been set for a ROMNEY vs. OBAMA November showdown, let’s review one major fact: Barack Hussein Obama has just about destroyed the American economy while Mitt Romney saved Massachusetts’ economy.

No matter what ridiculous diversions Obama and crew try to throw in our path the bottom line remains that this election IS all about the economy...the economy...the economy...we must focus on the economy!  Our economy is flailing with twenty-three million Americans out of work, with millions having lost their homes, and with the national debt now exceeding $15 TRILLION, and ALL on Obama’s watch. 

 

Fact: The National Debt has increased more during Obama's three plus years in office than it did during George W. Bush two terms in office.  The National Debt was $4.899 trillion during the entirety of Bush’s eight years but has gone up more than $4.939 trillion just since Obama took office, and his first term isn’t even over yet!  The National Debt was $10.626 trillion on President Bush's last day in office, now thanks to Obama it’s over $15 trillion.

Fact: the National Debt now exceeds 100% of the nation's Gross Domestic Product, the total value of goods and services and that is extremely serious.  Obama must have been sleeping that day in class when Economics 101 was taught...you NEVER spend more than you take in or are worth!

There really is a very simple approach to spending that leads to debt...can we afford it, and if not, is it worth borrowing money to pay for it and most times the answer will be NO!  Mitt Romney understands this, Barack Hussein Obama does NOT.

Fact: when Bush left office the unemployment rate was 7.8%.  Today the While House claims its ‘ONLY’ up to 8.3% but those numbers do NOT tell the real truth.  Remember, the Bureau of Labor Statistics reports ‘assumptive numbers’ which are based on raw data NOT on factual numbers.  With government employees possibly manipulating this data, the 8.3% could be nothing more than creative accounting.

With 23 million Americans unemployed or working in the category known as ‘underemployed,’ with ever-increasing labor pool numbers (over 56% of recent college graduates can’t find work), with over 968,000 discouraged workers dropping out of the labor pool this past April alone, and with the rate of jobs creation dropping, leading economists say the actual unemployment rate is 10% and probably much higher! 

And here is a very sobering fact...the government borrows almost forty cents of every dollar it spends! 

‘Thanks Obama, you screwed ‘We the People’ again! 

Mitt Romney, a very astute businessman first and foremost, knows how an economy should work.  As governor of Massachusetts he cut taxes 19 times and balanced the budget all four years he was in office.  He cast over 800 vetoes and cut entire wasteful spending programs using the monies saved to create jobs, putting people back to work.  Also while governor, Romney erased a $3 billion budget shortfall, and when he left office there was a $2 billion rainy day fund in place.  And he did all this in Massachusetts, one of the most liberal of states, and with a legislature that was 85% Democratic to boot!

I, for one, want a president whose jobs plan WILL create jobs and put Americans back to work; a president who knows how to balance a budget and eliminate wasteful spending; and a president who knows the meaning of fiscal conservatism.

So the economics game is over...Obama loses and Romney and 'We the People' win!