Anarchist420
Diamond Member
http://useconomy.about.com/od/fiscalpolicy/p/Mitt_Romney.htm
The link above includes the long list of failures we can expect from a Romney Administration.
First of all, his trade policy is disastrous. He wants a managed trade agreement, then tariffs on China made imports which are probably better than things made in the U.S. They'd be a helluva lot cheaper too, if we let them devalue their currency.
Second of all, it seems like he wants to reduce tax rates solely for more government revenue, which is why you shouldn't want to reduce tax rates. He proposes reducing the corporate tax by 10 percentage points which is not more than 30% less than what it is now.
Third, he wants a weak currency. If China doesn't stengthen theirs, then he'll keep interest rates low to reduce the strength of the dollar. He's already said he doesn't mind Bernanke, and even if there is a move for a gold standard during his presidency, he'll just reinstate the phony gold exchange standard.
Fourth, he supports the Federal war on drugs. That's anti-market. Think about how many real green jobs ending the war on drugs would create.
Fifth, he raiesed taxes and expenditures as Governor of Massachusetts. I know he doesn't consider "user fees" to be taxes, but they are whether he wants to call them taxes or not. That's a good indicator of how he'll perform as President IMO.
6th, he doesn't want to reduce military spending, nor does he propose abolition of any departments.
Isn't this reason for concern since he's not any more pro-market than Obama (or at least not enough to make any tangible difference)?
I think he hates the market and he's trying to get it blamed for socialism's failures. If he's not trying to get the market blamed, then he truly knows nothing about economics.
The link above includes the long list of failures we can expect from a Romney Administration.
First of all, his trade policy is disastrous. He wants a managed trade agreement, then tariffs on China made imports which are probably better than things made in the U.S. They'd be a helluva lot cheaper too, if we let them devalue their currency.
Second of all, it seems like he wants to reduce tax rates solely for more government revenue, which is why you shouldn't want to reduce tax rates. He proposes reducing the corporate tax by 10 percentage points which is not more than 30% less than what it is now.
Third, he wants a weak currency. If China doesn't stengthen theirs, then he'll keep interest rates low to reduce the strength of the dollar. He's already said he doesn't mind Bernanke, and even if there is a move for a gold standard during his presidency, he'll just reinstate the phony gold exchange standard.
Fourth, he supports the Federal war on drugs. That's anti-market. Think about how many real green jobs ending the war on drugs would create.
Fifth, he raiesed taxes and expenditures as Governor of Massachusetts. I know he doesn't consider "user fees" to be taxes, but they are whether he wants to call them taxes or not. That's a good indicator of how he'll perform as President IMO.
6th, he doesn't want to reduce military spending, nor does he propose abolition of any departments.
Isn't this reason for concern since he's not any more pro-market than Obama (or at least not enough to make any tangible difference)?
I think he hates the market and he's trying to get it blamed for socialism's failures. If he's not trying to get the market blamed, then he truly knows nothing about economics.
