Romney Vows to Avoid 'Outrageous' Deficits Unlike Bush, Obama

GOP presidential nominee explains to a questioner how he is unlike former president George W. Bush.
3:00 | 10/16/12

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Transcript for Romney Vows to Avoid 'Outrageous' Deficits Unlike Bush, Obama
-- a move us along here's Susan Katz. Who has a question governor its -- Governor Romney. I -- -- undecided voter because I'm disappointed. With the lack of progress I've seen in the last four years. However. I do attribute much of America's economic and international problems. To the failings and missteps. Of the Bush Administration. Since both you and President Bush -- Republicans. I fear a return to the policies of those years. Should you win this election. What is the biggest difference between you and George W. Bush. And how do you differentiate yourself from George W. Bush it. Thank you and I appreciate that question I I I just wanted to make sure that the gospels to get that last answer but I want to point out that. I'd I don't believe it's -- -- I don't. Believe lecturer -- -- -- -- -- or at that time the time keepers are all working on how -- that the last art. It's it's it's -- for the tulip you to talk to when another man isn't quite orders using but go ahead and use this two minutes anyway you like -- -- that -- on the I. I just note that I don't believe that bureaucrats in Washington should tell someone whether they can use contraceptives are not. And I don't believe employers should tell someone whether they could have contraceptive care not every woman America should have access to contraceptives. And at the and the president's statement -- my policy is completely and totally wrong governor let me come back and and and answer your question. That the President Bush and I are are different people and these are different times and that's why my five point plan is so different than what he would have done. If for instance we can now by virtue of new technology actually get all the energy we need. In North America without having to go to that the Arabs of the venezuelans or anyone else that wasn't true and this time that's why my policy starts. With a very robust policy to get all that energy in North America become energy to secure number two trade. I'll crack down on China President Bush did. I'm also -- dramatically expand trade in Latin America it's been going about 12% per year over Lumpur to time I want to add more free trade agreements so we have more trade. Number three. I'm gonna get us to balanced budget. President Bush didn't. Pres Obama was right he said that that was outrageous to have deficits as high as half a trillion dollars under the bush years he was right. But they put in place deficits twice that size for every one of his four years. And is forecast for the next four years is more deficits almost that -- So that's in Dexter had different than President Bush and then let's take the last -- championing small business. Our party has been focused on big business too long. I came through small business I understand how hard it is to start a small business that's why everything -- do. Is designed to help small businesses grow. And add jobs I want to keep their taxes down on small business I want regulators to see their job. As encouraging small enterprise not crushing it. And the thing I find most troubling about Obama care well it's a long list but one of the things -- but most troubling years. That when you go on and talk to small businesses and asked them what they think about it they tell -- it keeps them from hiring more people. My priority is jobs. I know how to make that happen. And President Bush had a very different path. For a very different time my path is designed in getting small businesses to grow and -- -- governor Mr. President. First of all I think it's important. Elliott that. We did come in during some tough times we're losing 800000 jobs a month when I start but. We had been digging our way out of policies. That were -- placed in focused on the top doing very well. And middle class folks not doing well. We've seen thirty consecutive 31 consecutive months -- opera. Five point two million new jobs created. And the plans that I talked about will create even more. When governor Romney says that he has very different economic plan. The centerpiece of his economic plan are tax cuts that's what took us from. Surplus to deficit. When he talks about getting tough on China. I keep in mind that governor Romney invested in companies that were pioneers of outsourcing. To China. And is currently investing in. Countries. In in companies that are building surveillance equipment for China to spy on its -- folks. That's governor here the last person is gonna get tough on China. And what we've done when it comes to trade. Is not only signed three trade deals to open up new markets we've also set up a task force for trade. That goes after anybody who is taking advantage of American workers or businesses not creating a level playing field we've brought twice as many cases. Against unfair trade practices -- the previous administration and we want every single one that's been the site. When I said. That we had to make sure that China was not flooding our domestic market with cheap tires. Governor -- -- being protectionists. That it wouldn't be helpful to American workers. On fact we -- a thousand jobs and that's the kind of tough. Trade actions that are required. But the last -- I wanna make of this. There are some things -- governor Romney is different from George Bush. George Bush been proposed turning Medicare into about her. George Bush embraced comprehensive immigration reform. He didn't call for self deportation. George Bush never suggested that we eliminate funding for Planned Parenthood. So there are differences between governor Romney and George Bush but they're not on economic policy. In some ways he's gone to a more extreme place when it comes to social policy and I think that's a mistake that's not how we're -- -- our economy for.

This transcript has been automatically generated and may not be 100% accurate.

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