Steve Kates has reported an extract from Romney's recent speech. India needs this vision more than any other nation on earth.
[A]long with the genius of our Declaration of Independence, our Constitution, and our Bill of Rights, is the equal genius of our economic system. Our Founding Fathers endeavored to create a moral and just society like no other in history, and out of that grew a moral and just economic system the likes of which the world had never seen. Our freedom, what it means to be an American, has been defined and sustained by the liberating power of the free enterprise system.
That same system has helped lift more people out of poverty across the globe than any government program or competing economic system. The success of America’s free enterprise system has been a bright beacon of freedom for the world. It has signaled to oppressed people to rise up against their oppressors, and given hope to the once hopeless.
It is called the Free Enterprise System because we are both free to engage in enterprises and through those enterprises we ensure our freedom.
But sadly, ... government at all levels consumes 37 percent of the total economy or G.D.P. If Obamacare is allowed to stand, government will reach half of the American economy. And through the increasing controls government has imposed on industries like energy, financial services and automobiles, it will soon effectively control the majority of our economic activity.
America is on the cusp of having a government-run economy. President Obama is transforming America into something very different than the land of the free and the land of opportunity.
We know where that transformation leads. There are other nations that have chosen that path. It leads to chronic high unemployment, crushing debt, and stagnant wages.
I don’t want to transform America; I want to restore the values of economic freedom.
In a free-enterprise system, we don’t measure our success in equal outcomes, but instead in how well we preserve and promote the equality of opportunity. And this system has resulted in unrivaled prosperity and made America the greatest nation in history.
President Obama’s vision is very different – and deeply flawed. Where my vision believes in the ingenuity of the American people, his vision trusts the wisdom of political appointees and boards, commissions and czars. It’s one in which ordinary Americans must get permission from people in Washington before they can buy, build, invest or hire.
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