Perhaps stinging from President Barack Obama’s criticism of Bain Capital, Mitt Romney and his supporters are firing back with a new attack: the stimulus plan did not work.
Upcoming campaign events by Romney, along with videos from his campaign and from Romney-supporting political group American Crossroads, will attack the stimulus plan on several fronts. They will claim that the plan did not create jobs as advertised and was actually meant as earmarks for political and ideological reasons. Ultimately, Romney will argue the U.S. economy would have been better off without the stimulus.
Obama supporters, confronted with Romney’s charges, both credit the president with rescuing the economy from another Great Depression and say that Romney would have let Detroit’s automakers go bankrupt, failed to invest in clean energy, and done nothing to regulate Wall Street.
For more information, check out this blog post from Politico. For a preview of what Romney plans to say during his campaign events this week, check out this campaign video below.
— Benjamin Nanamaker, InvestorPlace Money & Politics Editor
The opinions contained in this column are solely those of the writer.
Want to share your own views on money, politics and the 2012 elections? Drop us a line at firstname.lastname@example.org and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.