This is hardly a conservative rag.
[W]hile the nation’s economy is still sputtering nearly four years after Obama took office, the federal government is more than $5 trillion deeper in debt. It just racked up its fourth straight 13-figure shortfall.
We have little confidence that Obama would be more successful managing the economy and the budget in the next four years. For that reason, though we endorsed him in 2008, we are recommending Romney in this race.
Obama’s defenders would argue that he inherited the worst economy since the Great Depression, and would have made more progress if not for obstruction from Republicans in Congress. But Democrats held strong majorities in the House and Senate during his first two years.
Other presidents have succeeded even with the other party controlling Capitol Hill. Democrat Bill Clinton presided over an economic boom and balanced the budget working with Republicans. Leaders find a way.
… The next president is likely to be dealing with a Congress where at least one, if not both, chambers are controlled by Republicans. It verges on magical thinking to expect Obama to get different results in the next four years.
Two years ago, a bipartisan panel the president appointed recommended a 10-year, $4 trillion deficit-reduction plan. Rather than embrace it and sell it to the American people, Obama took his own, less ambitious plan to Congress, where it was largely ignored by both parties.
Now the president and his supporters are attacking Romney because his long-term budget blueprint calls for money-saving reforms to Medicare, Medicaid and Social Security, three of the biggest drivers of deficit spending. Obama would be more credible in critiquing the proposal if he had a serious alternative for bringing entitlement spending under control. He doesn’t.