The New York Daily News Endorses Mitt Romney For President

The New York Daily News is not known as a Republican leaning newspaper, but they have endorsed Mitt Romney.

Here are some excerpts from the endorsement:

Paychecks are shrunken after more than a decade in which the workplace has asked more of wage earners and rewarded them less. The decline has knocked someone at the midpoint of the salary scale back to where he or she would have been in 1996.

Then, the subway fare, still paid by token, was $1.50, gasoline was $1.23 a gallon and the median rent for a stabilized apartment was $600 a month. Today, the base MetroCard subway fare is $2.25, gasoline is in the $3.90 range and the median stabilized rent is $1,050, with all the increases outpacing wage growth.

…Four years ago, the Daily News endorsed Obama, seeing a historic figure whose intelligence, political skills and empathy with common folk positioned him to build on the small practical experience he would bring to the world’s toughest job. We valued Obama’s pledge to govern with bold pragmatism and bipartisanship.

The hopes of those days went unfulfilled.

…First came emergency economic stimulus. Because Obama gave free rein to House and Senate Democrats in deciding how to spend $800 billion, the legislation was heavily designed to satisfy the party’s constituencies and hunger for social programs, and inadequately weighted toward job-multiplier projects like building and repairing bridges and railroads — including subways.

After originally projecting that the program would produce 4 million more jobs than the country now has, along with a 5% jobless rate, Obama pleads that he saved Americans from more dire straits.

Next came Obamacare. While the country bled jobs, the President battled to establish universal health insurance — without first restraining soaring medical bills. Then he pushed one of the largest social programs in U.S. history through a Democratic-controlled Congress without a single Republican vote.

R.I.P. and never to be resurrected — Obama’s promised bipartisanship.

…Romney’s approach is the stronger.

Critically, he has tailored his policies to create jobs, jobs, jobs.

The centerpieces of Romney’s plan call for spending restraint and rewriting the Internal Revenue code to lower rates by 20%. He would make up much of the lost revenue by eliminating deductions and loopholes that have made the tax system a thicket of strangling complexities. On its own, paring the personal and corporate rules to the basics would catalyze business and consumer spending.

The endorsement concludes:

Offering a rosy vision of a country already on the rise, Obama argues that he would lead a resurgence by staying the course. He posits that spending in areas such as education and clean energy would be beneficial, and he sees raising taxes on high-income earners as key to “balanced” deficit reduction. Each on its own is attractive, but the whole comes up short.

The presidential imperative of the times is to energize the economy and get deficits under control to empower the working and middle classes to again enjoy the fruits of an ascendant America.

So The News is compelled to stand with Romney.

This is a newspaper that four years ago endorsed President Obama.

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