Marathon Pundit: NH Union-Leader: For the economy, it's Gingrich, not Romney

Thursday, January 05, 2012

NH Union-Leader: For the economy, it's Gingrich, not Romney

Newt with Marathon Pundit

The New Hampshire Union-Leader, which has already endorsed Newt Gingrich, prefers the economic policies of the former House Speaker over those of fellow New Englander, Mitt Romney.

Romney's plan is, like the candidate, cautious and reserved. It does not go far enough to reduce federal tax and regulatory burdens, or to reform Washington. Economist Paul Hoffmeister, writing in Forbes magazine this week, reached this conclusion about Romney's plan: "his economic platform reflects a man who is devoutly Keynesian, and who, as president, would not be able to reinvigorate the U.S. economy."

By contrast, Newt Gingrich's plan is remarkably bold and reform-oriented. Not only would Gingrich be more aggressive than Romney in cutting taxes that harm business and job growth, he would be more aggressive in rethinking Washington's entire regulatory culture. It's a major reason why he was endorsed by economist Art Laffer, the father of supply-side economics, and famed conservative economist Thomas Sowell. If you want a president who will actually do what's necessary to spark a swift and broad recovery, it's not Romney; it's Gingrich.