Romney Warns of Economic Consequences if Obama is Re-elected 11/2/12
November 2, 2012
WEST ALLIS - Mitt Romney's closing argument to voters includes a warning: if they re-elect Barack Obama, they'll face another government shutdown and a national default.
In a speech in Wisconsin that was billed as a summation of his presidential campaign, Romney said he's the only one who can work with Congress to keep that from happening.
He said Obama hasn't worked with lawmakers, but instead has "ignored," `'attacked" and "blamed" them. He said the issue of the government's debt ceiling will again come up, and that "shutdown and default will be threatened, chilling the economy."
Whoever is elected president will immediately face the so-called "fiscal cliff" -- a combination of tax increases and spending cuts that would take effect unless Congress and the White House agree on a plan to stop it.
Romney told hundreds of supporters at a warehouse that the election boils down to a simple question: "Do you want more of the same or do you want real change?"
Romney's speech followed the release of the Labor Department's final jobs report before the election. It showed that U.S. employers added 171,000 jobs in October, but the unemployment rate inched up to 7.9 percent because more people started looking for work.
Romney called it a "sad reminder that the economy is at a virtual standstill."