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Romney: Fed easing won't help the economy

“Another round of monetary stimulus from the Federal Reserve is not the way to grow the economy, Mitt Romney said in an interview that aired Sunday,” the Boston Globe writes. “Instead, the presumptive Republican presidential nominee said on CNN’s ‘State of the Union,’ ‘it is the time to create the incentives and the opportunities for entrepreneurs -- businesses big and small -- to hire more people, and that is going to happen. You are going to see that happen in this country but not under this president.’”

More from Romney: “I think the Fed’s first action in quantitative easing was effective, to a certain degree. But I believe that QE2, the second round of easing -- I don’t think it had the impact they were hoping for,” Romney said of a $600 billion stimulus between November 2010 and June 2011. … I am sure the Fed is watching and will try to encourage the economy,” Romney added. “But I don’t think a massive new QE3 is going to help this economy.”

“When Democrats announced that their 2012 platform would include a historic first — gay marriage written in as a plank — the reaction from mainstream Republicans was near silence,” Politico writes, adding that the “quiet from party leaders would have been unimaginable even four years ago, when public opinion hadn’t yet shifted so rapidly on a signature social issue. And it marks a dramatic change among some of the top Republican donors and opinion-makers, who are supporting same-sex marriage in state-based gay legislative and legal fights, even as the official GOP platform will remain centered on traditional marriage.”

“Mitt Romney skipped Italy on his swing through Europe. That was probably prudent,” Bloomberg writes. “That’s because Bain Capital, under Romney as chief executive officer, made about $1 billion in a leveraged buyout 12 years ago that remains controversial in Italy to this day. Bain was part of a group that bought a telephone-directory company from the Italian government and then sold it about two years later, at the peak of the technology bubble, for about 25 times what it paid.”