Romney Admits He Has a ‘Limited Understanding of the Economy’
This exchange, from Mitt Romney’s chat with the editorial board of the Washington Examiner, seems like the sort of thing that might come back to haunt the former governor.
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. (Emphasis added.)



