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Iowa Votes No on Job Killing Obama!

November 2, 2012 By Richard C. Young

The largest newspaper in Iowa, The Des Moines Register, has turned thumbs down on Barack Obama and endorsed Mitt Romney for president. In order to spur job growth and revive the economy The Register reverses decades of history endorsing democrats for president.

A quote from the endorsement:

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.

The 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.

 

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Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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