Gallup: Voters trust Romney over Obama on economy

Over the last month or so, President Barack Obama’s campaign has been hammering Mitt Romney over his time at Bain Capital, making charges of outsourcing and carelessly throwing around potential illegal activity. But voters aren’t buying it. In fact, a new Gallup poll shows that voters trust Romney more on the economy than Obama and view his time at Bain Capital as a positive:

Despite concerted Democratic attacks on his business record, Republican challenger Mitt Romney scores a significant advantage over President Obama when it comes to managing the economy, reducing the federal budget deficit and creating jobs, a national USA TODAY/Gallup Poll finds.

By more than 2-1, 63%-29%, those surveyed say Romney’s background in business, including his tenure at the private equity firm Bain Capital, would cause him to make good decisions, not bad ones, in dealing with the nation’s economic problems over the next four years.

So Team Obama, including associated “super PACs” spent all that money on ads hitting Romney on Bain Capital, and they have little to so for it. Of course, Obama has his own problems of late, not just the weak resonance of ads meant to disparage his opponent. Since making his now infamous comments in Roanoke, Virginia, telling business owners that they “didn’t build that,” Obama has come under substantial criticism for being out of touch. Rasmussen shows that 72% of likely voters disagree with Obama.

In an effort to push back the criticism, Obama’s supporters are now hilariously arguing context. Even if you buy the context argument, the comments don’t really change anything. As James Antle explains, even taking the line out of the speech, that Obama “did portray a mindset about the American dream that is to the left of Bill Clinton’s vision of people who ‘work hard and play by the rules,’ and one that is likely to strike most voters as peculiar.”

Indeed, it does seem that President Obama doesn’t understand the basics of the economy. Ralph Benko explained this at Forbes yesterday, noting that Obama doesn’t quite grasp that the reason the economy can’t grow is because he’s smothering it.

And that’s probably a best case scenario. At worst, and I explained last week, the comments show the fundamental difference between those of us that believe in the free market and statists, the latter of whom seem to be following the “Book of Barack” these days.

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