Romney book a 2012 trial balloon


There’s not a lot of personal information in the book (we do learn Romney’s favorite TV show as a child was “Davy Crockett”). And he does use a few anecdotes about his wife and children to illustrate his ideas on healthcare and education.

As for the major domestic issues:

He defends President George W. Bush and former Treasury Secretary Henry Paulson on the bailout, writing “it wasn’t to bail out Wall Street but rather to attempt to keep the entire financial system from failing.” He adds: “It did in fact keep our economy from total meltdown.” He also praised then presidential candidate John McCain for voting in favor of the bailout.

After the praise, however, comes the criticism. Romney writes that the TARP “as administered by Secretary Timothy Geithner was as poorly explained, poorly understood, poorly structured and poorly implemented as any legislation in recent history.”

He notes: “Secretary Paulson’s TARP prevented a systemic collapse of the national financial system, Secretary Geithner’s TARP became an opaque, heavy-handed, expensive slush-fund.”

Of the healthcare debate he writes: “The real tragedy was that it wasn’t the sort of bipartisan and genuine search for solutions that I experienced in Massachusetts in 2006 and 2007. Our reforms in Massachusetts didn’t produce a perfect system, just one that was much better than what had been there before.”

Romney is also critical of the campaign finance system: “In the post McCain-Feingold world of campaign finance, union CEOs have become the 800-pound gorillas. … No other type of organization I know of is allowed to collect political funs in the way that unions do.”

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