Clearly, the failed policies of the present are causing widespread suffering. Moreover, and contrary to campaign rhetoric, there is a striking resemblance between Obama's core economic agenda of Wall Street bailouts, reckless spending, and weak dollar monetary policy and Bush's failed second term agenda.
Add to this toxic mix an enormous tax hike looming at the end of this year - a tax hike Obama has already promised to use his veto pen to ensure takes effect - and it's clear that an Obama second term means unacceptable economic suffering and a near certain return to official recession.
A Romney victory promises something very different. Congress would almost certainly cancel all the tax hikes. If Obama is intransigent enough to veto a deal before he leaves office, Romney would sign it into effect retroactively early next year, guaranteeing that no one faces a tax hike with the economy reeling.
Romney promises to unlock America's energy resources, including offshore drilling in the Outer Continental Shelf. When Congress lifted the offshore ban on October 1, 2008, prices at the pump collapsed to under two dollars in just three months - and that could happen again.
Romney promises a regulatory overhaul that would focus on ending the uncertainty of ill-designed scattershot rules to micromanage businesses and replacing it with clear rules of the road that protect consumers and otherwise allow markets to function efficiently. That will bring capital off the sidelines and get companies hiring again, with the benefit of being able to project their labor costs. Romney even promises to radically reduce his own presidential power by signing legislation that would require Congress to approve new regulations before they could take effect - a welcome step toward accountability and regulatory sanity.
The bottom line is Obama's economy isn't creating enough jobs or enough economic growth, and his tax hikes will tip us back into recession. The only chance for a real recovery is to elect Mitt Romney.
Phil Kerpen is president of American Commitment, a columnist on Fox News Opinion, chairman of the Internet Freedom Coalition, and author of the 2011 book Democracy Denied.
American Commitment is dedicated to restoring and protecting America’s core commitment to free markets, economic growth, Constitutionally-limited government, property rights, and individual freedom.
Washingtonian magazine named Mr. Kerpen to their "Guest List" in 2008 and The Hill newspaper named Mr. Kerpen a "Top Grassroots Lobbyist" in 2011.
Mr. Kerpen's op-eds have run in newspapers across the country and he is a frequent radio and television commentator on economic growth issues.
Prior to joining American Commitment, Mr. Kerpen served as vice president for policy at Americans for Prosperity. Mr. Kerpen has also previously worked as an analyst and researcher for the Free Enterprise Fund, the Club for Growth, and the Cato Institute.
A native of Brooklyn, N.Y., Mr. Kerpen currently resides in Washington, D.C. with his wife Joanna and their daughter Lilly.
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