In the last day before the Election Day, Mitt Romney warned a crowd in Sanford, Florida that reelecting President Obama may cause another recession:
Throughout the campaign, using every argument he can think of, President Obama has tried to convince you that the last four years have been a success. And so his plan for the next four years is take all the ideas from his first four years. You know, the stimulus, the tax increase, the borrowing, obama care, and do them all over again. He calls this plan forward. I call it forewarned. That same path means $20 trillion in debt. It means continuing crippling unemployment. It means depressed home values. Stagnant take home pay. And a devastated military. Unless we change course, we may be looking at another recession as well. In his closing argument, did you hear this just the other day? President Obama asked his supporters to vote for revenge. For revenge. Instead I ask the American people to vote for love of country.
(Emphasis added.)
A broad swath of mainstream economists believe the U.S. economy is rebounding and set to improve regardless of which candidate wins on Tuesday.
Romney added that if Obama is reelected, “there’ll be threats of shutdown and default again” — presumably from House Republicans who have a bitter relationship with the president.
