Mitt Romney’s Remarks to CPAC 2010

I’m afraid that after all the finger pointing is finished, it has become clear who is responsible for President Obama’s lost year, the 10% unemployment year—President Obama and his fellow Democrats. So when it comes to pinning blame, pin the tail on the donkeys.

There’s a good deal of conjecture about the cause of President Obama’s failures. As he frequently reminds us, he assumed the presidency at a difficult time. That’s the reason we argued during the campaign that these were not the times for on the job training. Had he or his advisors spent even a few years in the real economy, they would have learned that the number one cause of failure in the private sector is lack of focus, and that the first rule of turning around any troubled enterprise is focus, focus, focus. And so, when he assumed the presidency, his energy should have been focused on fixing the economy and creating jobs, and to succeeding in our fight against radical violent jihad in Iraq and Afghanistan. Instead, he applied his time and political capital to his ill-conceived healthcare takeover and to building his personal popularity in foreign countries. He failed to focus, and so he failed.

But there was an even bigger problem than lack of focus. Ronald Reagan used to say this about liberals: “It’s not that they’re ignorant, it’s that what they know is wrong.” Too often, when it came to what President Obama knew, he was wrong.

He correctly acknowledged that the government doesn’t create jobs, that only the private sector can do that. He said that the government can create the conditions, the environment, which leads the private sector to add employment. But consider not what he said, but what he did last year, and ask whether it helped or hurt the environment for investment, growth, and new jobs.

Announcing 2011 tax increases for individuals and businesses and for capital gains, hurt.

Passing cap and trade, hurt.

Giving trial lawyers a free pass, hurt.

Proposing card check to eliminate secret ballots in union elections, hurt.

Holding on to GM stock and insisting on calling the shots there, hurt.

Making a grab for healthcare, almost 1/5th of our economy, hurt.

Budgeting government deficits in the trillions, hurt.

And scapegoating and demonizing businesspeople, hurt.

President Obama instituted the most anti-growth, anti-investment, anti-jobs measures we’ve seen in our lifetimes. He called his agenda ambitious. I call it reckless. He scared employers, so jobs were scarce. His nearly trillion dollar stimulus created not one net new job in the private sector, but it saved and grew jobs in the government sector– the one place we should have shed jobs. And even today, because he has been unwilling or unable to define the road ahead, uncertainty and lack of predictability permeate the private economy, and prolongs its stall. America is not better off than it was 1.8 trillion dollars ago.