Monday, October 10, 2011

Why this Democrat Might Vote for Mitt Romney

First of all, I don't think Mitt Romney and Barack Obama are that far a part ideoligicall speaking.  However, for a variety of reasons, I was pretty excited about an Obama presidency in 2008.  Reading this rather damning book about the Barack Obama's presidency drains the excitement I had for Obama coming into office. The book's primary point is that Obama lacked executive and management experience to effectively take on the massive undertaking of correcting the worse downturn since the Great Depression. Obama erred, as a result, by trusting too much in a different set of economic advisers than the ones that helped him get elected: Larry Summers, Timothy Geithner, Rahm Emmanuel, people who did too much to keep those on Wall Street whole, the very people who took massive bets with other people's money and were primarily responsible for the economic downturn.

These same people who got bailout after tax-payer funded bailout. Ironically enough, as Obama basically turned over the keys of the government to Goldman Sachs, et. al, these same bankers then turned on him and undermined everything Obama has tried to do to reign them in. On top of all of this, the tea party movement, a populist movement inspired by the bank bailouts, has turned hard against Obama and left Wall Street completely unchecked.

I've already gone into quite a bit of detail of what Obama could have done differently in his first term. Here are some reasons Mitt Romney stands apart from the other Republican candidates.  In addition, Mitt Romney has a much stronger executive background than Obama, although now Obama has his first term as a US president as experience, so he's better now than four years ago.  And having a Republican president would take the wind out of the sails of a Congress hell-bent on saying no. Perhaps Romney could institute some Wall Street regulation with teeth? And really tackle our tax code? And institute more stimulus?

It's a long shot, and there's a better chance Obama would be better in term two than in term one.  But he now has a much more hostile country and much more hostile Congress than he did coming in that will prevent him from doing many of things he really needs to do.  


Rachel said...

This has nothing to do with your post, obviously, but it reminded me of a past post, thought you'd enjoy it.

tempe turley said...

yes, thanks! I'm a little curious how my post reminded you of this one though :-).