Mitt Romney’s top policy aide says the Fed’s major new monetary stimulus policy confirms that President Obama’s economic policies have failed.
“The Federal Reserve’s announcement of a third round of quantitative easing is further confirmation that President Obama’s policies have not worked,” said Lanhee Chen, Romney’s Policy Director. “After four years of stagnant growth, falling incomes, rising costs, and persistently high unemployment, the American economy doesn’t need more artificial and ineffective measures. We should be creating wealth, not printing dollars. As president, Mitt Romney will enact bold, pro-growth policies that lead to robust job creation, higher take-home pay, and a true economic recovery.”
Though Romney disagrees with the Fed’s step, he argues the only reason the Fed feels the need to do anything is that Obama hasn’t fixed the economy. Other Republicans have inconsistently claimed that the policy won’t work, and that it’s being done to boost Obama’s re-election chances.
