Romney against quantitative easing

Aug. 5, 2012 at 9:07 AM
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EVANSVILLE, Ind., Aug. 5 (UPI) -- Presumptive Republican presidential nominee Mitt Romney said he does not support a new Federal Reserve stimulus program to boost the economy.

He told CNN he is against the program called quantitative easing in which the government would buy financial assets to increase money in financial institutions.

"It is the time to create the incentives and the opportunities for entrepreneurs -- businesses big and small -- to hire more people and that is going to happen," Romney said. "You are going to see that happen in this country but not under this president. His answer is always, 'Can't we grow government some more?' and the problem with growing government, among other things, is that it stays long after these little stimulus years ... and it becomes a burden on the real job creators, which are small businesses in this country."

In a campaign speech in Evansville, Ind., Saturday, Romney called for less regulation and taxation of small businesses as a way to boost the economy, not more government spending.

"You can't keep spending massively more than you take in," he said. "The treasurer knows that. A governor knows that. It seems that everybody in America knows that in their households. Businesses know it. Families know it."

"There's only place in America that doesn't seem to understand that you can't keep spending massively more than you take in every year, and that's Washington," he added.

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