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Mitt Romney Spells Out His Economic Agenda

Washington, DC
Wednesday, June 13, 2012

"My job is to bring jobs back to America," Mitt Romney told an audience of business executives during his speech at the Business Roundtable in Washington, DC. The presumptive GOP presidential candidate said the role of government is to be "the partner, not the enemy, of private enterprise."

The former governor of Massachusetts called the upcoming presidential election a "watershed moment," and blamed President Obama's policies for deepening the current economic slowdown.

"I just don't think the President understands how private enterprise works."

Romney then itemized his agenda if elected president, much of which included reversing policies set in place by President Obama.

On the list of items to eliminate, a President Romney would cancel the health care reform package he called "Obamacare," the Dodd-Frank financial regulatory act, and all "Obama-era regulations."

On the positive side, Romney would make low cost energy available by immediately building the Keystone pipeline and opening government lands for drilling. He would open up trade with Latin America by creating a "Reagan Economic Zone" promoting free trade between the northern and southern hemispheres.

The presidential candidate also said he would lower corporate and individual tax rates and he would balance the federal budget.

If allowed to enact his agenda, Romney promised that Americans would see "a resurgence of our economic vitality."

During his speech, Mitt Romney frequently mentioned that President Obama would soon defend his handling of the economy. The President is scheduled to make an economic policy speech tomorrow in Cleveland, Ohio.

Updated: Wednesday, June 13, 2012 at 1:24pm (ET)

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