Romney compares California's economy to Greece [View all]
Source: AP
DES MOINES, Iowa (AP) — Republican presidential candidate Mitt Romney took a potshot at California's bedraggled economy, comparing it to the crisis in Greece, as he warned voters on Wednesday that Barack Obama is leading the nation down a similar path of huge debt.
"Entrepreneurs and business people around the world and here at home think that at some point America is going to become like Greece or like Spain or Italy, or like California — just kidding about that one, in some ways," he added, to laughter from his audience in Iowa.
The remark seemed likely to bruise egos in a state wrestling with the prospect of tax increases and painful budget cuts. But Romney may have little to lose there — polls show Obama with a comfortable lead in California, where Democrats control the governorship and the Statehouse.
A spokesman for California Gov. Jerry Brown, a Democrat, disputed Romney's assessment. Gil Duran said the state's credit rating has improved under Brown and that borrowing costs, a major issue facing Italy and other financially struggling European nations, have dropped by hundreds of millions of dollars.
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