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Posted: October 16, 2012

Readers respond: I’m voting for the pie-enlarger

There's only one candidate prepared to do that

Greg Stetson

(Editor's note: This is one of an occasional series of columns from readers about their perspective on which candidate, President Barack Obama or Gov. Mitt Romney, would be better for business.)

Should President Barack Obama be cut some slack regarding our economic malaise because he inherited the problem he campaigned against?  In 2009, we threw $1 trillion to stem an admittedly serious problem as the housing bubble, put on steroids by President Bill Clinton and continued by President George Bush, exploded.  Now consider the two years afterward.

Team Obama trumpets job growth after the recession ended in 2009, but it’s roughly matched eligible workforce growth.  Job shedding stopped, but we've flatlined:  23 million Americans are out of work or underemployed.  Unemployment stats improve only when frustrated people abandon their job search.

Widely viewed manufacturing indices reflect contraction of that sector, with its good-paying jobs. Sidelined investment money awaits leadership and some degree of economic certainty. Glimmers of housing sector improvement are too feeble to declare victory.

The latest Obama spin is that he’s responsible for just 10 percent of our exploding debt.  His own budget, for which no Democrat would vote, projects a decade of trillion-dollar deficits. The out-of-control spending problem buck stops at the President’s desk.  Adequate tax revenue would increase with a growing economy.

We’ve seen zero leadership on impending Social Security and Medicare bankruptcies, compounded by the greater financial Ponzi scheme of the Obamacare medical disaster.

Tax reform ideas for world competitiveness are dead-on-arrival at this White House, where tax reform means pure class warfare absent economic benefit.

International trade agreements from this Administration were inherited from the Bush Administration, without a thank you.

If administration policies are so consistently anti-business while they try desperately for re-election, think what a lame duck term could hold.  See clues in what’s already set to ensnarl business after the election from the EPA, NLRB, Obamacare and Dodd-Frankenstein.

Economic headlines over recent months, excluding major media Obama cheerleaders, scream 20-to-1 that Obama is over his head and needs to go.

Recovery summer?  We’ve already had three and our trajectory looks more like that of Greece than one to improve our children's world.

An enormously successful Mitt Romney in far more demanding positions than the incumbent occupied previously is smart, dedicated, honest and humble to a fault.  See the love exhibited by his family. Look at what he’s done, especially working with people away from the spotlight. 

Inheritance from his wealthy parents was all donated to charity, plus much more money and time.  His leadership after co-founding Bain Capital scored phenomenal success despite the risky businesses needing private equity funding.  Turning the Utah Olympics from scandal to profit was a huge accomplishment.  As governor of Massachusetts, he demonstrated reaching across the aisle to better his state instead of throwing partisan salt on wounds.  This is a good man who deserves our votes.

Want a pie-slicer programmed to redistribute a pie shrinking by punishing success and government overreach, or a pie-enlarger expanding opportunities for everyone?  Rational business people know the answer: enlarge the pie, and vote Romney.

Greg Stetson has 38 years' experience in senior financial positions with manufacturing and distribution companies. He holds an MBA and BSIE degrees and has had a keen interest in politics dating back to the Kennedy-Nixon race.

Enjoy this article? Sign up to get ColoradoBiz Exclusives. The opinions expressed in this article are solely that of the author and do not represent ColoradoBiz magazine. Comments on articles will be removed if they include personal attacks.

Readers Respond

Thank you for your observations. David, customers are AWOL because they're scared. Businesses are waiting for the next regulatory knife to their back, and individuals are either out of work or scared of it and are cutting debt. Michele, I acknowledged that housing is showing some glimmers, but 1.3% economic growth, which is worse than last year, which was worse than the prior year, is NOT a recipe for any housing boom. Your stats are comparing blah to being on life support. I, too, believe in America. By Greg Stetson on 2012 10 16
Like a 4-year old dressed up as a ghost, this fails to adequately scare me. It is cute though, thanks. You believe supply-side economics is the answer, but here: Money is essentially FREE to borrow, there are millions of investors, but businesses aren't growing. Why? Because there aren't enough customers. Why? Because 80% of the wealth is held by 10% of the people. And the 90% of us who are poor shop at Walmart, from where goods are made in other countries. What is the solution for that? I'm afraid the GOP solution is to start another war because hey, wars spur economic growth, right? By David on 2012 10 16
TWO WORDS: Thank you! ...On Nov 7 2008 I told my blue dog dem sibling...watch how this new president systematically dismantles our economy and brings people to their knees with their hand-out. Fast forward to Oct 2012 - He's almost done - he just needs four more years. Thank you for being a voice of reason in a culture that demonizes any ascent to Obamateur the divider in chief. Vote Romney! 2012! By YesInTheSprings on 2012 10 16
As a real estate agent, I'd like to point out the fallacy of your first paragraph. My industry is coming back! Here are statistics directly from Metrolist: Residential Highlights • 20.6% increase in closed sales for September year-over-year (3,147) • 9.4% increase in average price (sold) ($306,633) • 35.4% decrease in average days on market (64) • 17.8% increase in number of closed sales TYD (28,218 While there are still pockets where the market is down, overall this is a nation wide trend. I suspect much of your other "data" is just as faulty. By Michele Jones on 2012 10 16
Perhaps the biggest concern to me over the last four years has been the dumbing down of America, this notion that we just have to accept lower expectations. Screw that. With three children coming to young adulthood, I see a large part of my purpose in life as encouraging them to keep their expectations high. Since when can Americans not make the pie bigger? I believe in America, and I’m voting for Romney. By Matthew Lewis on 2012 10 16
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