Romney’s Economic Model

[emperus]

Where are all the fans of Austerity now?

http://www.nytimes.com/2012/10/25/opinion/kristof-romneys-economic-plan.html?ref=opinion&_r=0

 

[Raghu]

"In the last few years, Germany and Britain, in particular, have implemented precisely the policies that Romney favors, and they have been richly praised by Republicans here as a result."

"The I.M.F. projects that Germany will grow less than 1 percent this year and next, while Britain’s economy is contracting this year."

So, spending doesnt work either?

 

[emperus]

"In the last few years, Germany and Britain, in particular, have implemented precisely the policies that Romney favors, and they have been richly praised by Republicans here as a result."

"The I.M.F. projects that Germany will grow less than 1 percent this year and next, while Britain’s economy is contracting this year."

So, spending doesnt work either?

The article speaks of spending cuts.

 

[Raghu]

They want to say that spending cuts dont work, right?

They pick examples of Germany and Britain that have increased spending. But then that doesnt seemed to have worked either - Germany isnt seeing any growth, Britain is into recession anyway.

 

[Jaskalas]

What... the article starts off by quoting Obama...telling us to look at Europe.

Romney is a Neocon, he's going to increase spending after moving a lot of big numbers around in a shell game. I have no belief that he'll enact austerity, especially when it comes to military spending.

Didn't Obama also say that Romney will add $7 trillion to the debt? That's not exactly compatible with his Europe statement. That's not austerity.

 

[Anarchist420]

Romney will increase revenue collections, spending, inflation, the minimum wage, protectionist globalism as well as all other regulations.

His "flat tax" will increase taxes like we've never seen before and the regulations will further boost GDP and make the deficit even lower. I don't give a fuck about the deficit, because it's not real. The spending is taxation and very real, but the deficit isn't.

 

[jman19]

They want to say that spending cuts dont work, right?

They pick examples of Germany and Britain that have increased spending. But then that doesnt seemed to have worked either - Germany isnt seeing any growth, Britain is into recession anyway.

Wrong.