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The plan itself is a good read.
I don't agree with him on eliminating the death tax though. And of course this is a bit vague, but better than nothing.
Wall Street Journal editorial page has criticized the plan
LOL
Glenn Hubbard, dean of Columbia Business School and frequent Daily Ticker guest, and economist N. Gregory Mankiw
Just shoot me now. This country is so fucked. The system is not going to be able to reform itself. The bullshit is too deep, and too many people are snowed by it.
I don't agree with him on eliminating the death tax though
LOL, I do. Though it's not a "death tax", it's an estate tax. Calling the etate tax a "Death tax" is part of the bullshit.
Romney's plan is nothing more than a repeat of the same failed policies we have had all along. All told, they would add about $6 trillion to the deficit according to the Center for American Progress.
Hubbard's foreward: "To bring the unemployment rate back to its prefinancial-crisis level by the end of the next president’s first term"
ah, nothing like a Party economist. Clowns, all of them.
Romney's experience with "job creation"?
Running an investment company and encouraging layoffs off to maximize profits.
I will never understand how people rationalize that.
If finance people squick the middle class hard enough, the unicorn will appear and it farts jobs along with the rainbow. Or something.
More money for weapon and aircraft companies?
http://thinkprogress.org/security/2012/05/10/481764/romney-military-spending-2-trillion/
>Romney's plan is nothing more than a repeat of the same failed policies we have had all along. All told, they would add about $6 trillion to the deficit according to the Center for American Progress.
Wow!
Romney's plan: Exactly the same plan that every Republican has been pushing for the last 30 years.
Cut taxes, pretend to cut spending, deregulate industries with a proven track record of fucking things up when they aren't regulated.
He's pushing the myth that the U.S. is capable of 5%+ annual GDP growth.
Oh, and I *love* the outright lie on Romney's site:
"However, the reality is that before President Obama exploded the size of the federal government, our existing tax rates were more or less adequate to pay for the government we needed."
No deficits before Obama. You heard it from Romney.
A while back Forbes had this to say:
http://www.forbes.com/sites/johntamny/2011/11/06/about-mitt-romney-the-republicans-cant-be-serious/
Romney seems to want an "aggressive reduction in the income/capital gains tax burden."
to eliminate the tax for Corporations bringing their money back from overseas?
http://finance.yahoo.com/blogs/daniel-gross/romney-economic-plan-00s-show-134627074.html
http://www.forbes.com/sites/johntamny/2011/11/06/about-mitt-romney-the-republicans-cant-be-serious/
Start your engines...
#politics