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Mitt Romney Admits Limited Understand of the World Economy

Thursday, December 08, 2011

Mittens met with the right-wing Washington Examiner editorial board, and amongst the topics that came up was the world economy, vis-a-vis the European debt crisis. Romney admitted that he has a very little understanding of the world economy.

TIM CARNEY: The European Union might be on the verge of an economic meltdown and the U.S. is already getting involved at least indirectly. They opened the Fed window. The IMF, which we heavily fund, is sending money their way. Do you support this Fed and these IMF measures and, if this were still going on when you were inaugurated, what steps -- what US aid -- would you be willing to provide to Europe? ROMNEY: Not much, because Europe is capable of solving Europe's problems. I actually think that -- I mean, I'm not an economist by training, but what limited understanding of the economy I have suggests it's very difficult to cobble together Greece, Ireland, Italy and Germany with the same monetary policy and highly disparate fiscal policies. I don’t know how they hold it together.
H/T to AMERICAblog Elections



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