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This is an FBI investigation document from the Epstein Files collection (FBI VOL00009). Text has been machine-extracted from the original PDF file. Search more documents →

FBI VOL00009

EFTA01113863

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EDS /Aug des times 
Endorsement 
October 21, 2012 
Obama for president 
The nation has been well served by President Obama's steady leadership. And Mitt Romney has 
demonstrated clearly that he's the wrong choice. 
President Barack Obama is seen delivering a speech to a joint session of Congress at the Capitol in Washington D.C. 
(September 8, 2011) 
When he was elected president in 2008, Barack Obama was untried and untested. Just four years out of 
the Illinois state Senate, he had not yet proved himself as either a manager or a leader. He had emerged 
from relative obscurity as the result of a single convention speech and was voted into office only a few 
years later on a tidal wave of hope, breezing past several opponents with far more experience and far 
clearer claims on the job. 
Today, Obama is a very different candidate. He has confronted two inherited wars and the deepest 
recession since the Great Depression. He brought America's misguided adventure in Iraq to an end and 
arrested the economic downturn (though he did not fully reverse it) with the 2009 fiscal stimulus and a 
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high-risk strategy to save the U.S. automobile industry. He secured passage of a historic healthcare 
reform law — the most important social legislation since Medicare. 
Just as important, Obama brought a certain levelheadedness to the White House that had been in short 
supply during the previous eight years. While his opponents assailed him as a socialist and a Muslim and 
repeatedly challenged the location of his birthplace in an effort to call into question his legitimacy as 
president, he showed himself to be an adult, less an ideologue than a pragmatist, more cautious than 
cocky. Despite Republicans' persistent obstructionism, he pushed for — and enacted — stronger 
safeguards against another Wall Street meltdown and abusive financial industry practices. He cut the 
cost of student loans, persuaded auto manufacturers to take an almost unimaginable leap in fuel 
efficiency by 2025 and offered a temporary reprieve from deportation to young immigrants brought into 
the country illegally by their parents. He ended the morally bankrupt "don't ask, don't tell" policy that 
had institutionalized discrimination against gays in the military. 
The nation has been well served by President Obama's steady leadership. He deserves a second term. 
His record is by no means perfect. His expansive use of executive power is troubling, as is his 
continuation of some of the indefensible national security policies of the George W. Bush 
administration. This page has faulted him for not pushing harder for a comprehensive overhaul of 
immigration laws. Obama swept into office as a transformative figure, but the expectations built up by 
the long campaign thudded back to earth amid an unexpectedly steep recession and hyperbolic 
opposition from the right. That the GOP has sought to block his agenda wherever possible is undeniable, 
but truly great leaders find ways to bring opposing factions together when the times demand it; Obama 
has not yet been able to do so. 
Republicans have sought to make the presidential election an up-or-down vote on Obama, hoping that 
voters will hold him accountable for the country's stubbornly high unemployment and sluggish 
economy. But this election isn't a referendum on one candidate, it's a choice between two. And 
unfortunately for the GOP, its candidate, former Massachusetts Gov. Mitt Romney, has demonstrated 
clearly that he's the wrong choice. He's wrong on the issues, from immigration to tax policy to the use of 
American power to gay rights and beyond. And his shifting positions and willingness to pander have 
raised questions about who he is and what he stands for. 
On economic issues, the race between Obama and Romney presents a stark choice. Romney wants to 
cut taxes, spending and regulations in the hope that the mix of stimulus and austerity will spark growth 
and reduce the federal deficit. Obama wants to trim spending but raise taxes on high-income Americans, 
shrinking the deficit without sacrificing investments in the country's productive capacity or curtailing 
Washington's role in protecting the vulnerable. 
The centerpiece of Romney's campaign is his plan to cut tax rates 20% below the Bush-era cuts while 
eliminating enough tax breaks to make up for the loss in revenue, after factoring in economic growth. 
But the plan lacks credibility, in no small part because Romney has declined to specify how he'd make 
the numbers work. The risk is that his tax reform will drive up costs for the very middle-income 
Americans he says he wants to protect, who are the biggest beneficiaries of those tax breaks. 
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In fact, it's irresponsible to seek a deep, permanent tax cut when the government is deeply in the red. 
And Romney would exacerbate the situation by spending extravagantly on defense even as the last of 
the Bush-era wars ends. His main proposal for reducing the deficit is to cap federal spending at 20% of 
the economy. With Social Security and Medicare commitments growing in tandem with the rising 
population of retirees, however, such a cap would inevitably force draconian cuts in federal programs 
that are vital to productivity, such as higher education, transportation and research. 
It's hard to analyze the effect of Romney's plans because he's left so many blanks to be filled in after the 
election. For example, he wants to replace the healthcare and financial regulatory reforms enacted in 
2010, but he won't say with what exactly. He's also advocated rolling back the clock on clean energy, 
overturning Roe v. Wade and leaving women's reproductive rights at the mercy of state legislators and 
abandoning efforts to help distressed borrowers keep their homes. And he has sounded bellicose on 
foreign policy, particularly in regard to the complex challenges posed by Iran, Russia and China, with 
which he appears determined to start a trade war. 
The most troubling aspect of Romney's candidacy is that we still don't know what his principles are. Is he 
the relatively moderate Republican who was governor of Massachusetts, the "severely conservative" 
one on display in the GOP primaries or the more reasonable-sounding fellow who reappeared at the 
presidential debates? His modulating positions on his own tax plan, healthcare reform, financial 
regulation, Medicare, immigration and the national safety net add to the impression that the only thing 
he really stands for is his own election. 
Voters face a momentous choice in November between two candidates offering sharply different 
prescriptions for what ails the country. Obama's recalls the successful formula of the 1990s, when the 
government raised taxes and slowed spending to close the deficit. The alternative offered by Romney 
would neglect the country's infrastructure and human resources for the sake of yet another tax cut and 
a larger defense budget than even the Pentagon is seeking. The Times urges voters to reelect Obama. 
Copyright O 2012, Los Angeles Times 
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