The left-leaning Des Moines Register, Iowa’s largest and most influential newspaper, endorses Mitt Romney over President Obama- the first time they have endorsed a Republican for president since Richard Nixon in 1972. The paper backed Obama in 2008.
The editorial focuses primarily on the two candidates’ competing economic visions. It criticized Obama’s desire for more federal spending, and voices disappointment for his failure to put forth an honest effort to work with Republicans.
Excerpt from endorsement:
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.
The president’s prescription upon entering office was a dose of government stimulus, which was the right call because it put cash in the pockets of consumers, made investments in vital infrastructure and kept millions of teachers and police officers on the job.
That stimulus was necessary to bridge the nation from recession to recovery, but the time is past for more government stimulus.
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.
US Debt Clock
The endorsement asks readers to give Romney “a chance to correct the nation’s fiscal course and to implode the partisan gridlock that has shackled Washington and the rest of America.”
The paper concludes that Romney’s plan provides the best strategy for job growth:
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.
The White House was at the center of a controversy when they would only agree to make Obama available for an interview with the editorial board, which makes the endorsement decision, off the record. A blog post by the paper’s news editor slamming the White House for its media handling forced the Obama campaign to release the transcript of the conversation earlier this week.
The transcript reveals that Obama continues to say that he will use the “war savings to put people back to work on infrastructure — roads, bridges,” as well as use it to reduce the deficit. This is simply not true. As Obama himself has pointed out repeatedly, the wars were paid for with borrowed money-since the money was borrowed, where is the savings going to come from? There is no savings, simply reduced borrowing. The statement presumes that there is a supply of money that was used to cover the cost that now will be available for other things-not true.
Full Endorsement Here
Of President Obama the editorial board wrote: “Barack Obama rocketed to the presidency from relative obscurity with a theme of hope and change. A different reality has marked his presidency. His record on the economy the past four years does not suggest he would lead in the direction the nation must go in the next four years.”
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