When people ask me how the Romney economic program works, I focus on three points.
First, the American economy is in bad shape. Persistently high unemployment and slow economic growth are causing pain for many Americans. Economic growth so far this year has averaged only 1.7 percent, which is even lower than the paltry 2 percent last year and the 2.4 percent the year before that. Median household income is declining sharply and the federal debt, which burdens both current and future generations, is exploding.
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