Republican Mitt Romney Says Obama’s Policies Hurt Economy

22. July 2011

Leading Republican presidential hopeful Mitt Romney said United States President Barrack Obama had done a bad job on uplifting the economy of their country. (Photo: mittromneymormon.net)

Sensing that they have a good chance of unseating United States president Barrack Obama in 2012, the Republican went into offensive on Wednesday and attacked the economic policy of the current US administration.

Leading presidential candidate Mitt Romney said instead of helping, the economic policies of Obama is badly hurting the economy.”The president’s policies almost without question have caused this recession to be deeper and longer than it would have been and have made this recovery more anemic than it should have been,” Romney said.

Romney the former governor of Massachusetts said Obama is too distracted by other matters to focus on reviving the struggling economy and vowed that would be his highest priority if he is elected president. The early front-runner in the field of candidates competing for the 2012 Republican presidential nomination, Romney has zeroed in on the two issues seen askey vulnerabilities in Obama’s effort to win a second-term — the sluggish economy and the 9.2 percent jobless rate.

“Some years ago just weeks after he (Obama) was inaugurated he went on the ‘Today Show’ and he said ‘look if I can’t turn this economy around in three years, I’m looking at a one-term proposition,’ and I’m here to collect,” Romney said. Romney was the 70th Governor of Massachusetts from 2003 to 2007.He is the son of George W. Romney (the former Governor of Michigan) and Lenore Romney.

He was raised in Bloomfield Hills, Michigan and then served as a Mormon missionary in France. He received his undergraduate degree from Brigham Young University, and thereafter earned joint Juris Doctor/Master of Business Administration degrees from Harvard Law School and Harvard Business School.

Romney entered the management consulting business which led to a position at Bain & Company, eventually serving as its CEO to lead it out of crisis. He was also co-founder and head of the spin-off company Bain Capital, a private equity investment firm which became highly profitable and one of the largest such firms in the nation, and the wealth Romney accumulated there would help fund all of his future political campaigns.

He ran as the Republican candidate in the 1994 U.S. Senate election in Massachusetts but lost to incumbent Ted Kennedy. Romney organized and steered the 2002 Winter Olympics as President and CEO of the Salt Lake Organizing Committee, and helped turn the troubled Games into a financial success.

(rockefellernews/rb)

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