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    Romney argues big spending cuts would cause ‘Depression,’ contrary to Tea Party activists – While rival schools of economic thought have never agreed on each other’s fundamental principles, over the past several decades, the notion that more government spending helps during a recession had gained broad acceptance. But it has been rejected by Tea Party members of Congress and conservative interest groups like the Club for Growth, who have bemoaned Obama’s stimulus package and other efforts to boost the economy as job-killing government spending. Club for Growth declined to comment for this article. The rhetorical thrust of a sharp distinction between the Tea Party’s demand for big cuts and Obama’s supposed propensity to spend has been a central tenet of the GOP’s political messaging over the past two years. And Romney has run afoul of budget-cut purists before, recently over comments he made during a campaign stop in Michigan. “If you just cut, if all you’re thinking about doing is cutting spending, as you cut spending you’ll slow down the economy,” Romney said, according to MSNBC. That comment prompted this response from Club for Growth lobbyist Andy Roth: “It’s hogwash. It confirms yet again that Romney is not a limited government conservative.” — HuffPo
And so it naturally follows: DC Republicans reinvent themselves as Keynesians to warn of the impending harm to the U.S. economy of cuttinggovernment spending. — TPM

    Romney argues big spending cuts would cause ‘Depression,’ contrary to Tea Party activists – While rival schools of economic thought have never agreed on each other’s fundamental principles, over the past several decades, the notion that more government spending helps during a recession had gained broad acceptance. But it has been rejected by Tea Party members of Congress and conservative interest groups like the Club for Growth, who have bemoaned Obama’s stimulus package and other efforts to boost the economy as job-killing government spending. Club for Growth declined to comment for this article. The rhetorical thrust of a sharp distinction between the Tea Party’s demand for big cuts and Obama’s supposed propensity to spend has been a central tenet of the GOP’s political messaging over the past two years. And Romney has run afoul of budget-cut purists before, recently over comments he made during a campaign stop in Michigan. “If you just cut, if all you’re thinking about doing is cutting spending, as you cut spending you’ll slow down the economy,” Romney said, according to MSNBC. That comment prompted this response from Club for Growth lobbyist Andy Roth: “It’s hogwash. It confirms yet again that Romney is not a limited government conservative.” — HuffPo

    • And so it naturally follows: DC Republicans reinvent themselves as Keynesians to warn of the impending harm to the U.S. economy of cuttinggovernment spending. — TPM
    — 2 years ago with 7 notes
    #news  #politics  #mitt romney  #we're all keynesians now  #gop  #republicans  #democrats  #lol  #spending cuts  #stimulus  #depression