Grim Economy

Aug 22, 2012 3:29pm

Grim Report on Economy Gives Mitt Romney an Opening to Shift Back to Economic Message

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ABC News

BETTENDORF, Iowa – Mitt Romney bounded into the battleground state of Iowa today, aided by a new, non-partisan government report that painted a grim picture of the state of the economy, using the new data to return his campaign’s narrative to his favorite catch phrase: the Obama economy isn’t working.
For Romney, it’s just the topic he’d hoped to return to following days that have been focused on contentious comments by Rep. Todd Akin, R-Mo., about abortion that have forced Romney and his running mate, Paul Ryan, to step into the fray and comment on the controversy.
The government report, released today by the Congressional Budget Office, estimated a $1.1 trillion deficit for 2012, and said that if the tax and spending cuts go through as planned in January that “such fiscal tightening will lead to economic conditions in 2013 that will probably be considered a recession.”