The Romney aide says the campaign will argue that Obama has been “job-unfriendly” through regulations and “the negative influence when you do these stimulus grants. It sounds great when you go and promote a business by giving them a grant, but the unintended consequence is it hurt other companies that compete with them.”
A senior campaign aide said Romney will argue that Obama has actually subtracted jobs: “Were these investments the best return on tax dollars, or given for ideological reasons, to donors, for political reasons? He spent $800 billion of everybody’s money. How’d it work out?”
Mitt Romney is attacking President Obama's $800 billion economic stimulus package, saying that it actually killed jobs. A senior Romney campaign aide calls the spending the "mother of all earmarks."
[Says Alan Auerbach, Berkeley Economist, who co-authored two of the studies cited by the Romney campaign's study,] “To the extent that the Romney plan spurs a more rapid economic recovery from our current state of high unemployment, that could make a big difference in short-run growth estimates. These would basically be demand-side stimulus effects.” In other words, insofar as Romney’s tax cuts act as a Keynesian stimulus package, they could do more for the economy in the short-run than standard tax models would assume.
“The negative effect of the administration’s ‘stimulus’ policies has been documented in a number of empirical studies,” [Romney's campaign economists] write... The Romney campaign... names two studies.
"I say that because they remind us that this president is leading us towards Greece. And one reason we're going to get rid of him is so that we make sure that we don't continue to have the kind of deficits that lead to Greece. So I hope they keep up with their Greek chorus over there," he said [referring to a group of nearby pro-Obama protesters].
"You all know the story of [the Stone Arch bridge]; this [its preservation] is part of the president's stimulus plan. He went out and borrowed $787 billion and said that if we're allowing him as Congress allowed him to borrow that kind of money, that he would hold unemployment below 8%, and it hasn't been below 8% since," Romney said, criticizing the amount of stimulus money that was spent for each job created.
Romney said Obama has been feeding rather than putting out the fire. "He has spent more and borrowed more. The time has come for a president, a leader, who will lead. I will lead us out of this debt and spending inferno."
"President Obama started out with a near trillion-dollar stimulus package - was the biggest, most careless one-time expenditure by the federal government in history," Romney said. "And remember this: the stimulus wasn't just wasted - it was borrowed and wasted. We still owe the money, we're still paying interest on it, and it will be that way long after this president's out of office."
I think there is need for economic stimulus. Americans have lost about $11 trillion in net worth. That translates into about $400 billion a year less spending that they’ll be doing, and that’s net of additional government programs like Medicaid and unemployment insurance. And government can help make that up in a very difficult time. And that’s one of the reasons why I think a stimulus program is needed.