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  1. #1 Romney’s Economic Closet 
    Senior Member Arroyo_Doble's Avatar
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    Romney’s Economic Closet



    By PAUL KRUGMAN
    Published: February 23, 2012


    According to Michael Kinsley, a gaffe is when a politician accidently tells the truth. That’s certainly what happened to Mitt Romney on Tuesday, when in a rare moment of candor — and, in his case, such moments are really, really rare — he gave away the game.

    Speaking in Michigan, Mr. Romney was asked about deficit reduction, and he absent-mindedly said something completely reasonable: “If you just cut, if all you’re thinking about doing is cutting spending, as you cut spending you’ll slow down the economy.” A-ha. So he believes that cutting government spending hurts growth, other things equal.

    The right’s ideology police were, predictably, aghast; the Club for Growth quickly denounced the statement as showing that Mr. Romney is “not a limited-government conservative.” On the contrary, insisted the club, “If we balanced the budget tomorrow on spending cuts alone, it would be fantastic for the economy.” And a Romney spokesman tried to walk back the remark, claiming, “The governor’s point was that simply slashing the budget, with no affirmative pro-growth policies, is insufficient to get the economy turned around.”

    But that’s not what the candidate said, and it’s very unlikely that it’s what he meant. Almost surely, he is, in fact, a closet Keynesian.

    How do we know this? Well, for one thing, Mr. Romney is not a stupid man. And while his grasp of world affairs does sometimes seem shaky, he has to be aware of the havoc austerity policies are wreaking in Greece, Ireland and elsewhere.
     

  2. #2  
    PORCUS MAXIMUS Rockntractor's Avatar
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    Quote Originally Posted by Arroyo_Doble View Post
    Romney’s Economic Closet



    By PAUL KRUGMAN
    Published: February 23, 2012


    According to Michael Kinsley, a gaffe is when a politician accidently tells the truth. That’s certainly what happened to Mitt Romney on Tuesday, when in a rare moment of candor — and, in his case, such moments are really, really rare — he gave away the game.

    Speaking in Michigan, Mr. Romney was asked about deficit reduction, and he absent-mindedly said something completely reasonable: “If you just cut, if all you’re thinking about doing is cutting spending, as you cut spending you’ll slow down the economy.” A-ha. So he believes that cutting government spending hurts growth, other things equal.

    The right’s ideology police were, predictably, aghast; the Club for Growth quickly denounced the statement as showing that Mr. Romney is “not a limited-government conservative.” On the contrary, insisted the club, “If we balanced the budget tomorrow on spending cuts alone, it would be fantastic for the economy.” And a Romney spokesman tried to walk back the remark, claiming, “The governor’s point was that simply slashing the budget, with no affirmative pro-growth policies, is insufficient to get the economy turned around.”

    But that’s not what the candidate said, and it’s very unlikely that it’s what he meant. Almost surely, he is, in fact, a closet Keynesian.

    How do we know this? Well, for one thing, Mr. Romney is not a stupid man. And while his grasp of world affairs does sometimes seem shaky, he has to be aware of the havoc austerity policies are wreaking in Greece, Ireland and elsewhere.
    I'm about half tempted to put this in liberal tricks where it belongs but we'll wait a bit.
    The difference between pigs and people is that when they tell you you're cured it isn't a good thing.
    http://i.imgur.com/FHvkMSE.jpg
     

  3. #3  
    Senior Member Arroyo_Doble's Avatar
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    Quote Originally Posted by Rockntractor View Post
    I'm about half tempted to put this in liberal tricks where it belongs but we'll wait a bit.
    Calling Romney a closet Keynesian is a liberal trick.

    That is funny.
     

  4. #4  
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    Closet Keynesian, who really cares? He's not Obama and he won't be guided by Valarie Jarrette and a bunch of inexperienced theorists. He's a Republican, and I think we can look forward to a staff made of people who have succeeded in business, which is the stuff that makes America what it is.

    This shows the author's failure to grasp the situation:
    .......be aware of the havoc austerity policies are wreaking in Greece, Ireland......: Austerity policies have not caused the problem. Spending did. Greece's dept is 160% of GDP; ours is 110%.
     

  5. #5  
    Senior Member Arroyo_Doble's Avatar
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    Quote Originally Posted by Starbuck View Post
    Closet Keynesian, who really cares? He's not Obama and he won't be guided by Valarie Jarrette and a bunch of inexperienced theorists. He's a Republican, and I think we can look forward to a staff made of people who have succeeded in business, which is the stuff that makes America what it is.
    Norquist thinks Romney just needs to sign the bills into law and leave the country-leading to the real conservatives in the Legislative Branch.

    This shows the author's failure to grasp the situation:
    .......be aware of the havoc austerity policies are wreaking in Greece, Ireland......: Austerity policies have not caused the problem. Spending did. Greece's dept is 160% of GDP; ours is 110%.
    The UK is having problems too.

    They are all doing the opposite of Keynes; they are cutting spending and raising taxes. It's no wonder Europe is sliding into recession.

    As far as our deficit and debt, even the messianic Paul Ryan adds to it in his plan.
     

  6. #6  
    LTC Member Odysseus's Avatar
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    Quote Originally Posted by Arroyo_Doble View Post
    Romney’s Economic Closet



    By PAUL KRUGMAN
    Published: February 23, 2012


    According to Michael Kinsley, a gaffe is when a politician accidently tells the truth. That’s certainly what happened to Mitt Romney on Tuesday, when in a rare moment of candor — and, in his case, such moments are really, really rare — he gave away the game.

    Speaking in Michigan, Mr. Romney was asked about deficit reduction, and he absent-mindedly said something completely reasonable: “If you just cut, if all you’re thinking about doing is cutting spending, as you cut spending you’ll slow down the economy.” A-ha. So he believes that cutting government spending hurts growth, other things equal.

    The right’s ideology police were, predictably, aghast; the Club for Growth quickly denounced the statement as showing that Mr. Romney is “not a limited-government conservative.” On the contrary, insisted the club, “If we balanced the budget tomorrow on spending cuts alone, it would be fantastic for the economy.” And a Romney spokesman tried to walk back the remark, claiming, “The governor’s point was that simply slashing the budget, with no affirmative pro-growth policies, is insufficient to get the economy turned around.”

    But that’s not what the candidate said, and it’s very unlikely that it’s what he meant. Almost surely, he is, in fact, a closet Keynesian.

    How do we know this? Well, for one thing, Mr. Romney is not a stupid man. And while his grasp of world affairs does sometimes seem shaky, he has to be aware of the havoc austerity policies are wreaking in Greece, Ireland and elsewhere.
    You call Thomas Sowell a propagandist, and then quote Paul Krugman with a straight face? Seriously?
    --Odysseus
    Sic Hacer Pace, Para Bellum.

    Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
     

  7. #7  
    Senior Member MrsSmith's Avatar
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    Not even Romney could do as badly as Obama.
    -
    -
    -

    In actual dollars, President Obama’s $4.4 trillion in deficit spending in just three years is 37 percent higher than the previous record of $3.2 trillion (held by President George W. Bush) in deficit spending for an entire presidency. It’s no small feat to demolish an 8-year record in just 3 years.

    Under Obama’s own projections, interest payments on the debt are on course to triple from 2010 (his first budgetary year) to 2018, climbing from $196 billion to $685 billion annually.
     

  8. #8  
    PORCUS MAXIMUS Rockntractor's Avatar
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    Quote Originally Posted by Arroyo_Doble View Post
    Calling Romney a closet Keynesian is a liberal trick.

    That is funny.
    This would be funnier!
    The difference between pigs and people is that when they tell you you're cured it isn't a good thing.
    http://i.imgur.com/FHvkMSE.jpg
     

  9. #9  
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    Quote Originally Posted by Arroyo_Doble View Post
    .......They are all doing the opposite of Keynes; they are cutting spending and raising taxes. It's no wonder Europe is sliding into recession......................
    When your Debt exceeds your GDP by 60%, can you possibly spend your way out? We're not talking about government income, we're talking GDP - what everything in the country is WORTH!

    What else can you do but cut spending, raise taxes, and wait many years? You speak as if there is an alternative.
     

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