Under the Mountain Bunker

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    MITT ROMNEY does have a lengthy economic plan, but it amounts to the same thing Republicans always advocate (there’s no ‘special insight’ from all Mitt’s ‘business’ experience): tax cuts, particularly on the wealthy; spending cuts in domestic programs; eliminating regulations; free trade; undermining labor unions, and so on. The closest thing to an innovative idea is the creation of a “Reagan Economic Zone,” which presumably will create wealth through the repeated incantation of the great one’s name. Which is just the point: if Mitt Romney’s experience in private equity gives him such unique understanding of the economy, why is what he proposes exactly what you’d hear from any Republican who spent his working life in government? It’s partly because Romney is a Republican, and things like tax cuts and reductions in regulation are just what Republicans believe. But maybe it’s also because when it comes to the things government can do to affect the economy, being a businessman doesn’t give you such special insight after all. — Paul Waldman, Prospect.org

    MITT ROMNEY does have a lengthy economic plan, but it amounts to the same thing Republicans always advocate (there’s no ‘special insight’ from all Mitt’s ‘business’ experience): tax cuts, particularly on the wealthy; spending cuts in domestic programs; eliminating regulations; free trade; undermining labor unions, and so on. The closest thing to an innovative idea is the creation of a “Reagan Economic Zone,” which presumably will create wealth through the repeated incantation of the great one’s name. Which is just the point: if Mitt Romney’s experience in private equity gives him such unique understanding of the economy, why is what he proposes exactly what you’d hear from any Republican who spent his working life in government? It’s partly because Romney is a Republican, and things like tax cuts and reductions in regulation are just what Republicans believe. But maybe it’s also because when it comes to the things government can do to affect the economy, being a businessman doesn’t give you such special insight after all. — Paul Waldman, Prospect.org

    — 1 year ago with 2 notes
    #news  #politics  #mitt romney  #economic plan  #repubicans  #gop  #same old thing  #no new 'insight' from the king of bain  #king of bain  #plutocracy  #class war  #tax cuts for the wealthy  #austerity for the rest of us 
    1. underthemountainbunker posted this