“The liberating power of the free enterprise system”

Mitt Romney gave a speech today on the benefits of free enterprise. This was not just a bit of boilerplate but the real thing. I cannot get a copy of the full text of the speech but these are excerpts from the speech provided by John Hinderaker at Powerline:

[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, it has become clear that this President simply doesn’t understand or appreciate these fundamental truths of our system. Over the last three and a half years, record numbers of Americans have lost their jobs or simply disappeared from the work force. Record numbers of Americans are living in poverty today – over 46 million of our fellow Americans are living below the poverty line.

This is not just a failure of policy; it is a moral failure of tragic proportions. Our government has an absolute moral commitment to help every American help themselves and today, that fundamental commitment has been broken.

This is someone who understands our economic system from the inside and understand not just its technical superiority but its moral superiority. Romney then goes into the disastrous overreach of government and of the need to roll it back:

Today, 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.

One must ask whether we will still be a free enterprise nation and whether we will still have economic freedom. 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. There is nothing fair about a government that favors political connections over honest competition and takes away your right to earn your own success. And there is nothing morally right about trying to turn government dependence into a substitute for the dignity of work.

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.

It’s a world of federal mandates and waivers, tax credits and subsidies, federal grants and loan guarantees. It’s an economy where a company’s lobbyists will be more important than its engineers, and federal compliance lawyers will outnumber patent lawyers.

This is game on. The divisions between Obama and Romney are as clear as could be. You have one or the other. This election really is a defining moment in American history and for much else as well.

Update: The full speech is here.

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21 Responses to “The liberating power of the free enterprise system”

  1. The Hunted Mind

    How did Romney go from being the wet blanket of the primaries to being this impressive guy? He can’t have changed this quickly so if he was always like this why did he hide it for so long?

  2. Poor Old Rafe

    This would have been drafted before the Wisconsin result but that looks like a straw in the wind to demonstrate that there is a possibility of grassroots support for sensible policies despite the best efforts of the political classes. Both of these things should energise the Tea Party troops.

    A big question is how many traditional Dem voters are prepared to break ranks and do the right thing. Hint – they won’t be picked up in face to face polls! (see the Bradley effect).

  3. Winston SMITH

    Steve, you’re right. This speech is a game changer.
    Shit, I want to go out and vote now!
    If I were on welfare, this would be the point at which I got behind Romney.
    All he has to do is push this line for all its worth.

  4. val majkus

    Can we import him?

  5. can Romney be the new Reagan? He will get 2 terms, no doubt about it.

    Socialism is a dead end for dead ends.

  6. Token

    How did Romney go from being the wet blanket of the primaries to being this impressive guy?

    Don’t get too cheery about it. Throughout his career, Mitt Romney has an extraordinary ability to change his message to suit his audience.

    Romney must have the best speech writers in the US employed now and they should be creating speeches like this to excite the base.

    To some extent, it is said he does not have a burning ideology driving him.

    Given that, it does give him the ability to re-calibrate and adjust his message to ensure he is able to implement his strategy.

    Tactically it seems the pragmatic Romney is a very effective counter to the inexerienced composite Obama.

  7. John Comnenus

    I hope he wins, I knew he was the best qualified candidate to fix the US economy, but I still worry that he won’t get the chance. Although I am getting more confident that he can win. He has an excellent track record of taking broken economic entities and fixing it with sound business practice. He is the world’s best hope – especially for the Europeans.

  8. Token

    Compare this experience to what the “community organiser” was doing at the same time:

    From 1986 to 1994, he presided over the Boston Stake, which included more than a dozen wards in eastern Massachusetts with about 4,000 church members altogether.[66][93][94] He organized a team to handle financial and management issues, sought to counter anti-Mormon sentiments, and tried to solve social problems among poor Southeast Asian converts.[87][92] An unpaid position, his local church leadership often took 30 or more hours a week of his time,[93] and he became known for his tireless energy in the role.[66] He generally refrained from overnight business travel owing to his church responsibilities

  9. Aqualung

    Quite a refreshing read on a chilly morning. Went well with a cup of tea.

  10. papachango

    A fine speech – I’ve never heard Tony Abbott or Joe Hockey say such things…

  11. Zatara

    So much for those supposed “Obama ahead by 7-10%” exit polls in Wisconsin.

    New Romney vs Obama Poll In Wisconsin

  12. Poor Old Rafe

    I thought the “community organizer” might have been working with local groups to encourage self-help, working bees for maintenance and repairs, cooperative child minding and the like, but it was political agitation. Groan.

  13. Token

    So much for those supposed “Obama ahead by 7-10%” exit polls in Wisconsin.

    New Romney vs Obama Poll In Wisconsin

    Upcoming headline in the usual places:

    Upsurge in WWWRRRRAAACCCIIISSSMMM in Wisconsin (plus poll latest poll)

  14. Zatara

    Slight mistake on my part. I linked to the Michigan Poll by mistake.

    But that makes the point even MORE clearly… Michigan for gawds sake! Home of GM, Chrysler and the UAW!

  15. Alfonso

    At Centrebet Rom shortens from $2.55 to $2.30 in the blink of an eye. See you in Nov boys.

    Oby may have no choice but to be a war time President and attack Iran……because nothing else will save this community organiser.

    A President who is an associate of Ayres, I still can’t believe it. Shows how p*ssed off the US was with business as usual government by lobbyists. Ooops, nothing chnaged.

  16. Infidel Tiger

    A fine speech – I’ve never heard Tony Abbott or Joe Hockey say such things…

    Hockey believes these things but is too keen on becoming a jovial neighbourhood butcher to write such a speech. Abbott would be aghast at free people engaging in free enterprise.

  17. Fisky

    The Left is on track for the most crushing defeat since 1989.

  18. Tony Abbott’s speech today about social cohesion is pretty good too

  19. Peter Patton

    How did Romney go from being the wet blanket of the primaries to being this impressive guy?

    Did you see the Soporific Clown Posse he was performing with?

  20. Oh come on

    You (almost) got to feel sorry for dim bulbs like Les and various other clueless leftist agitators who, for some reason, seldom dare show their faces ’round these parts anymore.

    I mean, all this borderline-defamatory stuff they’ve spouted about Romney – he’s a fool, a blockhead, afflicted with a severe mental disorder, the works. What I want to know is if you believe that to be true, then I don’t see how you can compute that with Romney’s campaign tactics, and his overall strategy – which have been pretty much flawless since he stopped focussing on the primaries and started going after Obama. I mean, the guy hasn’t put a foot wrong in the ongoing joust against the hapless fools managing the President’s campaign. And he’s honed in on EXACTLY the right distinction to draw between himself and Obama (as illustrated by this post), and is hammering it relentlessly. And there is no funding disparity this time – Obama has nowhere to hide.

    It’s possible that some great event might take place in the USA between now and November that cause the public to rally ’round the President. If not, Obama is done.

    Don’t feel too sorry for him, though – I’m sure he’ll make Bill Clinton and Tony Blair look like rank amateurs on the lecture circuit in terms of earnings capacity. For a bit. Until people realise why he was a one-term President and become less willing to shell out $100 to hear his stock speech, containing the wisdom of someone who might concede that they stood on the shoulders of giants, but were also simultaneously the giants whose shoulders were being stood upon. Painful gymnastics of the ego.

    Still, that gives him a good year or two to high-class whore himself around the lecture circuit. He’ll be fine. Might even get another book out of him, which several ‘right-thinking’ people will buy but inexplicably not get around to reading.

    People like Les, and the left in general, need to wise up. Underestimating your opponent is never a good idea. Happily for us, it’s a central tenet of the leftist religion. And they forget easily. If they had’ve taken GWB a bit more seriously as an opponent, perhaps he wouldn’t have been a two term President. But the left were too busy laughing at how stupid he was.

    Now we have the allegedly Asperger’s-afflicted Romney, running rings around the incumbent President.

    “History never repeats” I tell myself before I go to sleep…?

  21. Peter Patton

    Abbott’s speech is a cliche. Once more, airheaded Big Government Conservatism. The dude should take Steve K’s class on Sir John Mills! 😉

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