Romney's Economic Model compared to austerity in Europe

I am glad we are able to agree that a democrat was able to reduce the debt for a multitude of reasons.

Obama does not view corporations as the enemy. Someone who gives massive loans to allow companies to stay out of bankruptcy is not against companies. Romney would let these american companies fall. Someone who supports Unions and workers is not against companies(where would the money come from). What he is against is the financial companies that brought the USA to their knees as you have already pointed out.
Clinton had larger taxes than Obama on rich folks and companies and that is what led to a better United States. You want to talk about how great Clinton is then lets do that. Lets go back to the Clinton era when taxes where larger on companies and rich people. The government took in larger revenue from taxes to pay down the debt. This worked! Clinton era had a better economy than both reagan and Obama because he increased the revenue to pay down the debt.

Bill Clinton's unemployment rate was at 7.3% when he started the job.
Heck, Even Bush 1 didn't have a 5% unemployment rate and he had the lowest unemployment out of the three. Both Bush's had a sharp increase in unemployment at the end of their era.

Yea, Ronald Reagan was at 7.5% when he started the job. .2% higher. not much. Both men inherited it from the previous era. However, Clinton did what needed to be done to bring it down(raised taxes on the rich). It took Ronald 2 years before it came down after reaching 10.8%!


Clinton manages to bring it back down and has an economy that created 22 million. This remains to be the record by any president that is held by a democrat.