Wednesday, October 3, 2012
Why Mitt Romney won the First Debate
I just finished watching the first debate on economic issues between President Obama and Mitt Romney.
If this had been a heavyweight prize fight it would have looked somewhat like the Buster Douglas - Mike Tyson fight from long ago.
In short, Mitt Romney knocked out Barack Obama.
For those of you who are new to my blog I must first let you know that I am a registered Libertarian and rarely vote for Republicans who are running for president.
You should also know that I have been sharply critical of Mitt Romney in public speeches, lectures to my students and on this blog. He is no Ronald Reagan. He has flaws in his persepective on health care, energy and trade with China.
Yet, tonight he illustrated why President Obama's presidency was a wonderfully impossible fulfillment of what America could be if we looked at a man without race in mind but ended up a dismal failure by any measure.
Mr. Romney was masterful in pointing out what should be painfully obvious to any American who has even an inkling of common sense. That is that under President Obama we have seen the economy remain stagnant, government debt explode and the promise of achieving the American Dream die for millions of young people.
Mr. Romney clearly illustrated that he understands the fundamental principles that create economic growth - leaving people and their wallets largely alone so they can chart the course of their own lives - while government largely remains on the sidelines.
He was not perfect and as I said, I have some serious concerns about some of his economics. But...I have been an economist for 24 years now. In those 24 years I have watched as George H.W. Bush and George W. Bush took us on a path that violated the principles of free markets and limited government. I have watch President Obama make things even worse by arrogantly claiming that business people - of which I am one - did not create our businesses and that "Obamacare" (a phrase he loves) must be imposed on unwillingly emancipated adult human beings.
Mitt Romney gave a performance tonight that reminded me of what I felt when I watched the Reagan-Carter debates in 1980. I was only a kid then but I knew Reagan was on to something. So is Mitt Romney, if he can keep it up.