Presidential Profiles: Pro-Romney
Tough primaries and months of campaigning have selected Mitt Romney, former governor of Massachusetts, as the Republican presidential nominee. Mitt Romney began his political career in 2002, running for and being elected governor of Massachusetts. Mitt Romney was a Republican governor in a largely Democratic state, yet he crossed party lines and was able to balance the budget, while cutting taxes. He eliminated a $3 billion deficit through bipartisan policies.
Before politics, Mitt Romney experienced incredible success running Bain Capital, a private equity firm based in Boston. During his time there, Romney brought the company back from a financial decline, and by the time he left, Bain Capital was one of the top private equity firms in the country. Having gained enormous wealth, Romney has donated something around 30 million of his income to charity over the past 20 years. In addition he was put in charge of revitalizing the 2002 Winter Olympics in Salt Lake City, Utah. He did so successfully, turning around what originally seemed like a massive failure.
After four years with Obama in office, the national debt has reached over $16 trillion (only $10 trillion when he entered office). Small business growth has remained stagnant, and many large companies have relocated their company headquarters to countries with lower taxes. If Obama is reelected, he will only raise tax rates and maintain excessive regulations, hurting small businesses and pushing even more large corporations overseas. Governor Romney’s plan would cut back on the build-up of regulations and regulatory costs that have built up over time. In addition, Romney will reduce the corporate tax rate from 35%, one of the highest in the world, to 25%. The combination of cutting back regulations and reducing corporate tax rates will incentivize large corporations to begin paying taxes here in the U.S. For anybody who believes that the debt cannot be reduced without raising the tax burden of the middle class, here is your solution. Reduce tax rates and companies will start investing back in the United States. More people will be able to pay their income tax. (Only 50% pay it right now) Goods and services thus become affordable, stimulating the economy, and reducing the debt.
Romney plans to work to repeal Obamacare immediately after he enters office. According to some analysts, Obamacare will add trillions to the national debt, put a tax burden of over $52 billion on American businesses and further hurt the job market. Less people will invest their time and money in medicine, meaning less doctors and less quality research from the United States. Private insurance companies will fail. People will stop coming to the U.S. for treatment. Romney would defer healthcare to the states, who can customize the system to their own needs and make it more efficient.
Obama’s foreign policy has had both its successes and failures. However, overall he has created a weaker United States. Some say Obama’s excessive military cuts have left the U.S. with outdated weapons and resources, risking the safety and lives of our soldiers fighting overseas. Governor Romney will eliminate ineffective defense spending, and make our military more efficient. As the strongest country in the world, the U.S. must maintain its position as the strongest military power in the world. At the rate the President is taking us, this will not be possible. In addition, Obama’s reelection would be devastating for Israel. Obama is the only U.S. president not to have visited Israel, and recently he chose to go on ABC’s “The View” and meet with Jay-Z rather than briefly meet with Israeli Prime Minister Benjamin Netanyahu to discuss the threat of Iran.
On that note, Obama has greatly failed in dealing with Iran. Iran is closer than ever to acquiring weapons-grade uranium, yet Obama has done little more than talk in order to stop this threat. Romney will increase the number and severity of sanctions against Iran, support opposition within and around the country, and will keep open the option of necessary military action. Under Obama the Middle East has experienced several revolutions, unrest is widespread, Syria is experiencing civil war, and most recently, the U.S. embassy in Libya was invaded and an American diplomat was brutally murdered. Recent reports indicate that the Obama administration actually knew about a possible terrorist threat, yet did almost nothing. Some administration officials have also claimed that these attacks were not acts of terror despite significant evidence and possible Al-Qaeda ties. Mitt Romney will aim to ensure that these democratic revolutions occur peacefully and will build strong pro-American relationships with these people. He will keep Israel, a key ally in the region, close, and will support them as best as possible.
Clearly, the obvious choice for president is Romney. His experience and success is undeniable. His economic policy will revitalize the job market and small businesses and his foreign policy will strengthen the international position of the U.S. Our country cannot afford four more years with Barack Obama. Romney for President 2012.
By Same Rubenstein ’14, Staff Writer