Saturday, October 27, 2012

Des Moines Register Endorses Romney

With Iowa shaping up as a battleground state, this could be a big and consequential endorsement.

See, "The Register endorsement: Mitt Romney offers a fresh economic vision" (the paper's first GOP endorsement since Nixon, via Glenn Reynolds):

Anger Versus Optimism
American voters are deeply divided about this race. The Register’s editorial board, as it should, had a vigorous debate over this endorsement. Our discussion repeatedly circled back to the nation’s single most important challenge: pulling the economy out of the doldrums, getting more Americans back in the workforce in meaningful jobs with promising futures, and getting the federal government on a track to balance the budget in a bipartisan manner that the country demands.

Which candidate could forge the compromises in Congress to achieve these goals? When the question is framed in those terms, Mitt Romney emerges the stronger candidate.

The former governor and business executive has a strong record of achievement in both the private and the public sectors. He was an accomplished governor in a liberal state. He founded and ran a successful business that turned around failing companies. He successfully managed the 2002 Winter Olympics in Salt Lake City.

Romney has made rebuilding the economy his No. 1 campaign priority — and rightly so.

he nation has struggled to recover from recession for the past 40 months. Still, the economy is growing at an unacceptably anemic rate of around 2 percent a year and could slip back into recession depending on what happens in the European Union and China.

The workforce is still 4.5 million jobs short of the nearly 9 million that were lost in the recession. Longer term, looming deficits driven by Social Security and Medicare pose the single greatest threats to the nation’s economic security.

The president’s best efforts to resuscitate the stumbling economy have fallen short. Nothing indicates it would change with a second term in the White House....

Consumers must feel more confident about their own economic futures to begin spending on the products and services that power the economy. A renewed sense of confidence will spark renewed investment by American companies. Industry will return to full production and hiring will begin again.

That should come with Mitt Romney in the White House.

There is not a lot of difference between the two candidates’ short-term economic plans, as both are heavy on a promise of tax cuts for the middle class but short on details. Romney’s plan, however, goes beyond helping the middle class with tax breaks.

Throughout the campaign, he has expressed faith in the private sector to fuel a more robust economic recovery if it has more confidence that the federal government will not be an obstacle. Romney has a strategy for job growth through tax and regulatory relief for small businesses, encouraging all forms of domestic energy production, education that prepares graduates with job skills, expanding foreign trade and reducing the burden of federal deficits.

That formula, coupled with his business acumen, should unlock this nation’s economic potential.
Read it all, at the link.

BONUS: At The Other McCain, "STORM CANCELS ROMNEY VIRGINIA EVENTS; OHIO, HERE WE COME UPDATE: BOOM! Mitt Romney Endorsed by Des Moines Register."