Here you’ll find briefs, ahem, of the blog posts I write out. On every post, I’ll add a link at the top so you can view a quick, summarized version of my very-longgg posts that may just be TLDR (too long… didn’t read).
So enjoy your spoon-fed easy-breezy hate all in the shape of a lovely small box.
Cry Baby Romney (10/23/12)
Cry Baby Romney
Mitt Romney had a very lackluster debate performance last night.
My favorite line: “”You seem to want to import the foreign policies of the 1980s … the social policies of the 1950s and economic policies of the 1920s.” Directed at Romney, Obama succinctly described the policies of Romney’s that a true American historian can agree with. If Republicans still think that things like trickle-down, monopolistic-style, minimized government will STILL fix the United States, and frankly the current state of Washington D.C., I beg to differ.
Let’s tackle the Mitt Romney Five Points. I encourage you to read the entire plan (6 pages in length to make 5 points. Not bad!). But here’s the one-page summary:
Yes, these are his debate talking points, his stump speech, whatever. I’ll give you some facts from the full read and lets see what you think about those “facts” listed here:
- “Our economy usually recovers quickly from recessions, and the more severe the recession, the faster the subsequent catch-up growth.”
False: Although Obama’s projections of robust growth in jobs, GDP rate of growth, and long-run economical theory, his stance is quite insightful. Jobs have been created, and the rate of losing jobs is steadily decreasing. Hell, Mitt Romney imitated Obama in last night’s debate in most policies, achieving the same method of achieving of job growth. Obama on the other hand, knows thatchange over time allows growth. So jobs are created, GDP still rises at a steady rate, and ultimately, we have a balanced economic approach to help all of American industry/consumption, supply/demand, level out. Check out some good reads, here:Rates of growth decreased from 2007-2008/2009 (we had a slight bump due to QE1 in 2010). Obama turned our trajectory towards an upswing.
- This brings me to my next direct quote: Romney “will also [foster] sustainable growth in the long run. The Romney taxreform plan will increase GDP growth by between 0.5 percent and 1 percent per year over thenext decade. These long-run gains from tax and budget reform have been the subject of significant study by economists. [ ] We view these estimates as conservative as they fail to capture important, but hard-to-model, output gains from improved regulation, more certainty about the path of policy, and the aggressive agenda that Governor Romney has put forward with respect to energy, trade, education, human capital, and labor policy. Combined, and bolstered by sound monetary policy, we estimate that the Romney economic program will enable the private sector to create an additional 7 million net new jobs over the next decade beyond the improvement in employment from a more robust cyclical recovery in the short-term as a consequence of the Romney economic program.” – Whoa. So Romney said 7 million net jobs will be created over the next decade. How is he creating 12 millions jobs within his first term? The government, being as minimized under his administration, will fail to improve the public sector of job growth. You cannot create jobs in a failing bureaucracy where, ahem, stamp prices are rising due to lack of the US Postal Service subsidies, for example (The public sector gas price; Heheh). Check this out regarding the USPS: 574,000 jobs cut and $70.6 billion operating expenses were made in 2011. Obama has created jobs within the public sector, and still gets criticized that jobs are being lost in the private sector ultimately stagnating job growth. Private sector jobs are being manipulated by corporations themselves. However, Obama achieved one of the greatest stunts in the Midwest revival of the auto-industry. Wow, a whole private sector industry that has created 263,000 jobs since 2009. A consequence as he describes above, is the cyclical recovery in his first term. George W. Bush performed similar subsidizing and tax reform to garner a cyclical short term recovery. Too much debt arose, and spending on the wrong things prevented our country from producing a healthy cycle of growth. Romney says he is aggressive about those very important topics of energy, trade, education, human capital, and labor policy, however he offers no plan to regulate them!! If we focused on those areas of concern, we could build the country from inside. Subsidize our homeland securities. And I’m not referring to anti-terror in the USA with this, but our securities of energy, education, export trade, human capital, and labor policy.
- Several more points are made in the full post, click here to see them.
This is my first glance at Romney’s plan, so I will study up on it more. I suggest you read the rest of Romney’s plan, seriously considering the points that interest you. Glance at it at least! Do it with Obama’s, as well: Forward
My next political post will be after Election Day. Go vote. Be informed.