Mitt Romney: Stimulate the economy, not government

Stimulate the economy, not government
by Mitt Romney
special to CNN

(CNN) -- These are extraordinary times, and like a lot of Republicans I believe that a well-crafted stimulus plan is needed to put people back to work. But the Obama spending bill would stimulate the government, not the economy

We're on an economic tightrope. The package that passed the House is a huge increase in the amount of government borrowing. And we've borrowed so much already that if we add too much more debt, or spend foolishly, we could invite an even bigger crisis.

Businesses aren't stupid. They're not going to invest in equipment and new hires for a one-time, short-term blip. What's needed are permanent rate cuts on individuals and businesses.

In the final analysis, we know that only the private sector -- entrepreneurs and businesses large and small -- can create the millions of jobs our country needs. The invisible hand of the market always moves faster and better than the heavy hand of government.

The opinions expressed in this commentary are solely those of Mitt Romney.
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