Romney’s Economic Model

nytimes.com — Mitt Romney’s best argument on the campaign trail has been simple: Under President Obama, the American economy has remained excruciatingly weak, far underperforming the White House’s own projections. That’s a fair criticism. But Obama’s best response could be this: If you want to see how Romney’s economic policies would work out, take a look at Europe. And weep. In the last few years, Germany and Britain, in particular, have implemented precisely the policies that Romney favors, and they have been richly praised by Republicans here as a result. Yet these days those economies seem, to use a German technical term, kaput.

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