Romney opens presidential bid with pledge to balance budget
Friday 03 June 2011
Mitt Romney, the wealthy financial tycoon, ex-governor and failed presidential runner, stood in a New Hampshire hay field yesterday and announced that he is going to shoot for the White House one more time.
Serving burgers and chilli, a beaming Mr Romney, 64, launched his 2012 campaign with a message focused on jobs and wallets: the US economy is failing, it is the fault of incumbent Barack Obama and he alone among Republican hopefuls is qualified to fix it.
"Barack Obama has failed America," Mr Romney told cheering supporters, pledging as a first priority to cut government spending and repeal the healthcare reforms introduced by the sitting President. "It breaks my heart to see what's happening to this great country," he said, cataloguing the country's obstinate problems of unemployment, spiralling budget deficits and home foreclosures.
"I will cap federal spending at 20 per cent or less of the GDP and finally, finally balance the budget," he said. "My generation will pass the torch to the next generation, not a bill." Mr Romney touted his economic savvy boasting that as chief executive of Massachusetts he "balanced the budget without raising taxes". His 20 per cent GDP pledge, however, will appeal to the Tea Party but draw guffaws from most mainstream economists.
It was an orthodox campaign launch by a candidate who for months has been in pole position of the Republican field. Mr Romney has lavished attention on New Hampshire which will hold the first primary election early next year. The rest of the field remains fluid. Those with hats in the ring already include Tim Pawlenty, an ex-governor of Minnesota, and Newt Gingrich, a former house speaker. Hovering at the edges are Sarah Palin and Rudy Giuliani.
The muddle in the race has given Mr Romney time to build up his army of supporters. Also benefiting from this protracted process is Mr Obama, who kicked off his re-election bid weeks ago and is furlongs ahead in terms of organising and fund-raising.
That does not mean that the right Republican could not beat him in 2012. No president since Franklin Roosevelt has won re-election when the unemployment rate has been above 7.2 per cent. In November 2012 it will almost certainly be higher than that.
Likely drags on Mr Romney will include questions from the conservative wing of the party about his record of passing a universal healthcare law for Massachusetts that is strikingly similar to the Obama health overhaul.
- 1 Strictly Come Dancing 2014: Gregg Wallace joins line-up as final celebrities revealed
- 3 Oil tanker with $100 million cargo goes missing off Texas coast
- 4 Saudi Arabia executes 19 in one half of August in 'disturbing surge of beheadings'
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
Oil tanker with $100 million cargo goes missing off Texas coast
George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
Brother and sister, Christopher Buckner and Timothy Savoy, arrested for 'committing incest after watching 'The Notebook''
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
- < Previous
- Next >
£40000 - £50000 per annum + Benefits + Bonus: Harrington Starr: C# .NET Web De...
Highly Competitive Salary: Austen Lloyd: HAMPSHIRE MARKET TOWN - A highly attr...
£35000 per annum: Harrington Starr: Network Engineer (CCNP, CCNA, Linux, OSPF,...
Highly Attractive Package: Austen Lloyd: A VERY HIGH QUALITY FIRM A high qual...