What makes you think Romney would be good for McCain on economics?

Question

All analysis reveals a weak comparative economic performance of the state over the Romney years, one of the worst in the country.

On all key labor market measures, the state not only lagged behind the country as a whole, but often ranked at or near the bottom of the state distribution. Formal payroll employment in the state in 2006 was still 16,000 or 0.5 percent below its average level in 2002, the year immediately prior to the start of the Romney administration. Massachusetts ranked third lowest on this key job generation measure and would have ranked second lowest if Hurricane Katrina had not devastated the Louisiana economy. Manufacturing payroll employment throughout the nation declined by nearly 1.1 million or 7 percent between 2002 and 2006, but in Massachusetts it declined by more than 14 percent, the third worst record in the country.

http://www.boston.com/news/globe/editorial_opinion/oped/articles/2007/07/29/romneys_economic_record/

Answer 1

What could Mitt Romney contribute to the Republican ticket? Before serving as governor of Massachusetts, Romney was chief executive of Bain & Company and co-founder of spin-off private equity firm Bain Capital where, over his 14-year stint at the helm, the company enjoyed great success.

When you talk about Romney's weakness in Massachusetts and the state's decline... remember who he had to work with in his state's legislature. Massachusetts has the most liberal rating for state legislatures & liberal policies bring about decline in employment rates because of high taxes. Mitt Romney was able to get a lot done for the liberal state.

A McCain-Romney ticket makes sense for both men. McCain gets a boost on economic issues and Romney gets a seat next to McCain in the White House—assuming they manage a victory in November. The increased exposure would serve Romney well should he choose to seek the presidential nomination in the future. Considering John McCain’s age, Romney’s chance could come as soon as 2012 if a victorious McCain decided to only serve one term.

Answer 2

Romney was a corporate raider. It will be interesting to see, if he indeed becomes McBush's VP choice, which one of them will be  the bigger flip flopper.  

Answer 3

Ahhh you mean he didn't let labor unions break Massachusetts back...to bad.

Edit: Also, Romney had to raise taxes to get the state out of a 3 billion dollar deficit.  By the time he was done they had a 700 million dollar surplus

Answer 4

He has actually ran a business in the past. He was a governor so he had to manage budgets. Senators do not have to budget as they can just get more loans for the government projects.

Obama wants to raise taxes on everybody making over $45,000.00 which will mean less income to spend money. The country is a consumer based economy. Obama wants to take away oil companies profits. These costs will just be passed along to the consumer. This would also hurt everyone who has a 401K as most of them are invested in the oil companies. Obama wants to build a bigger government with over 1 trillion dollars in new programs, which means higher taxes. To see how well raising taxes in an economic slowdown works just look at the state of Michigan. Where over 10,000 people leave the start every month. The state's unemployment is over 9%.  

Answer 5

I still trust Romney and would have preferred him for president, so 2nd place still works for me.  

Answer 6

How's the south side of Chicago doing ? gotta ya.

Answer 7

I've seen Romney get huge backing by people because he was a CEO. I didn't see this backing for Bush, but that's probably because he ran all his businesses, even his lemonade stand, into the ground.

Answer 8

He's rich, has even more money than McCain. That's good enough economic sense for the campaign.  

Answer 9

Many people think being rich means a person is an expert in economics.

Fundamentally, personal wealth is a matter of finance which is primarily a subject of microeconomics.  It doesn't follow that a financial wizard (whether or not Romney is one) would understand macroeconomics (the domain of national policy makers).

Only fallacious reasoning could lead a person to believe Romney is good for America economically.  Unfortunately, we are discussing the perspective of the Republican electorate.  Those are the people that elected Dubya twice and still believe Reaganomics is viable.