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(Washington Post)   The main thrust of the GOP campaign against Obama is that Romney has better ideas on how to fix the economy. So, let's check the polls and see how that is working out..oh, dear. Um...okay, so what's Plan B?   (washingtonpost.com) divider line 162
    More: Interesting, President Obama, GOP, Dan Balz, financial future, Mitt Romney  
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3482 clicks; posted to Politics » on 22 May 2012 at 8:59 AM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-22 09:39:25 AM  

Cat Food Sandwiches: When half the households don't pay any federal income tax, and half the households receive a government check, do you think there's any way in hell a Conservative wins? I don't.


Yay this crap again!
 
2012-05-22 09:39:55 AM  

Cat Food Sandwiches: When half the households don't pay any federal income tax, and half the households receive a government check, do you think there's any way in hell a Conservative wins? I don't.


You're right. Generally people too poor to have to pay income taxes know that Republicans are only out to protect the rich at their expense. We currently have a whole shiat load of people that know their economic situation will not be helped by reducing taxes on the wealthy and slashing government services while increasing corporate welfare and wasteful defense spending.

There maybe a few holdouts in mouth breathing states like Arizona and Mississippi that are still convinced they're just one more capital gains tax cut away from moving out of the trailer park.
 
2012-05-22 09:40:27 AM  
Let's see... the expected liberal take on this will be...

"GOP ideas are just horrible! That's why!"

If you think the GOP/conservative ideas on economic growth are bad, that's perfectly fine but don't embrace the even more catastrophically bad DNC/liberal ideas on economic growth.

We can go with a choice "C" if you like, some combination of DNC/GOP ideas? Some brand new way? I'm listening, but so long as you're going to embrace proven failures just because you think its what's "right" or "fair" to everyone then you don't get to whine about anyone else doing the same just because they have different ideas about what's "right" or "fair".
 
2012-05-22 09:40:44 AM  

unlikely: To be fair, Romney would have far less difficulty doing what had to be done to fix the economy.

HE wouldn't be facing an opposition party sworn to keep the economy in the shiatter as an object lesson to the people who dared to vote him in.


No, but then again he'd be working with the party that crashed it to begin with. The only thing they want to improve is the economic conditions of about 3 million people.

I'd say his chance of fixing anything is very, very small.
 
2012-05-22 09:41:45 AM  
Mitt's Plan
(from Mitt Romney's website mittromney.com)

To repair the nation's tax code, marginal rates must be brought down to stimulate entrepreneurship, job creation, and investment, while still raising the revenue needed to fund a smaller, smarter, simpler government.

Make permanent, across-the-board 20 percent cut in marginal rates

Maintain current tax rates on interest, dividends, and capital gains

Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains

Eliminate the Death Tax

Repeal the Alternative Minimum Tax (AMT)

Cut the corporate rate to 25 percent

Strengthen and make permanent the R&D tax credit

Switch to a territorial tax system

Repeal the corporate Alternative Minimum Tax (AMT)

Set Honest Goals: Cap Spending At 20 Percent Of GDP

Mitt's goal will be to bring federal spending below 20 percent of GDP by the end of his first term:

Requires spending cuts of approximately $500 billion per year in 2016 assuming robust economic recovery with 4% annual growth

Send Congress a bill on Day One that cuts non-security discretionary spending by 5 percent across the board

Pass the House Republican Budget proposal

Repeal Obamacare
Privatize Amtrak
Reduce Subsidies For The National Endowments For The Arts And Humanities, The Corporation For Public Broadcasting, And The Legal Services Corporation
Eliminate Title X Family Planning Funding
Reduce Foreign Aid

The federal government made $125 billion in improper payments last year. Cutting that amount in half through stricter enforcement and harsher penalties yields returns many times over on the investment.

Align Federal Employee Compensation With The Private Sector - Savings: $47 Billion. Federal compensation exceeds private sector levels by as much as 30 to 40 percent when benefits are taken into account. This must be corrected.

Repeal The Davis-Bacon Act

Reduce The Federal Workforce By 10 Percent Via Attrition

Consolidate agencies and streamline processes

Eliminate Undue Economic Burdens

Repeal Dodd-Frank and replace with streamlined, modern regulatory framework

Amend Sarbanes-Oxley to relieve mid-size companies from onerous requirements

Initiate review and elimination of all Obama-era regulations that unduly burden the economy

Reform Environmental Regulation

Mitt Romney will eliminate the regulations and anti-carbon agenda.

Provide multi-year lead times before companies must come into compliance with environmental regulations

Adopt Structural Reforms

Imposing regulations, no matter what the social benefits, has a similar effect to raising taxes.

Impose a regulatory cap of zero dollars on all federal agencies

Require congressional approval of all new "major" regulations

Reform legal liability system to prevent spurious litigation

Eliminate redundancy in federal retraining programs by consolidating programs and funding streams, centering as much activity as possible in a single agency

Give states authority to manage retraining programs by block granting federal funds

Facilitate the creation of Personal Reemployment Accounts

Encourage greater private sector involvement in retraining programs

Raise visa caps for highly skilled workers

Grant permanent residency to eligible graduates with advanced degrees in math, science, and engineering

Appoint to the NLRB experienced individuals with respect for the rule of law
Amend NLRA to explicitly protect the right of business owners to allocate their capital as they see fit

Amend NLRA to guarantee the secret ballot in every union certification election

Amend NLRA to guarantee that all pre-election campaigns last at least one month

Support states in pursuing Right-to-Work laws

Prohibit the use for political purposes of funds automatically deducted from worker paychecks
 
2012-05-22 09:42:27 AM  

Dr Dreidel: Pro Zack: that political discourse broke down in 2004

Wait, you're serious? You better have been born in 1990.

The political discourse has been shiatty at least since 1998, and I remember '96 and '94 as not particularly well-argued either.

If you ask some old-timers, they'll tell you 1980 was no picnic, either.


I was a ten year old anarchist in 1980 - didn't pay much attention. Apparently I didn't pay much until I got on Fark.
 
2012-05-22 09:42:48 AM  

Dr Dreidel: Pro Zack: that political discourse broke down in 2004

Wait, you're serious? You better have been born in 1990.

The political discourse has been shiatty at least since 1998, and I remember '96 and '94 as not particularly well-argued either.

If you ask some old-timers, they'll tell you 1980 was no picnic, either.


Pretty sure 1804 sucked too
 
2012-05-22 09:44:15 AM  

randomjsa: Let's see... the expected liberal take on this will be...

"GOP ideas are just horrible! That's why!"

If you think the GOP/conservative ideas on economic growth are bad, that's perfectly fine but don't embrace the even more catastrophically bad DNC/liberal ideas on economic growth.

We can go with a choice "C" if you like, some combination of DNC/GOP ideas? Some brand new way? I'm listening, but so long as you're going to embrace proven failures just because you think its what's "right" or "fair" to everyone then you don't get to whine about anyone else doing the same just because they have different ideas about what's "right" or "fair".


Problem: you see failure where everyone else who isn't a partisan hack can see job growth, unemployment improvement, GDP growth and stock market growth as a non-failure.

So yeah, why don't you get your Mickey Mouse charts from Fox News to show us failure, and we'll pull up CBO reports that say you're full of shiat.
 
2012-05-22 09:44:37 AM  
The GOP should keep thrusting and thrusting against Obama's flacid economic policies. If they can keep it up, the American people will finally learn that Obama does not have a "big stick" and that the GOP is the party to shower the economy with life bringing juices and raise that economy like their own kin regardless of whether that new life was brought about by a raping.
 
2012-05-22 09:45:07 AM  

randomjsa: Let's see... the expected liberal take on this will be...

"GOP ideas are just horrible! That's why!"

If you think the GOP/conservative ideas on economic growth are bad, that's perfectly fine but don't embrace the even more catastrophically bad DNC/liberal ideas on economic growth.



You mean the ideas that actually have a proven track record of success? I can understand why dumbass Republicans are scared of economic policies that help more than just the already wealthy, but thankfully less and less Americans are falling for the GOP bullshiat.
 
2012-05-22 09:45:28 AM  

coeyagi: MyRandomName: shastacola: So his "tax poor, give rich" campaign isn't as popular as he thought it would be?

How come liberals can't argue actual policy and always resort.to strawmen? The only tax policy romney has stated is close loopholes and lower all tax bracket rates. Even Obama's debt commission came to that conclusion. Closing tax loopholes is one of two ways to raise tax revenue, and it is the one that removes government.favoritism.

Why can't you do a simple google search to prove yourself wrong?

Link


Because the google is a commie trick.
 
2012-05-22 09:46:54 AM  
The right's plan of cutting tax rates and reducing deductions may indeed stabilize the tax base (actually growing gov revenue as a % of GDP) and give us a more competitive economy, in the long term.

But in the short term, the loss of the Mortgage Interest deduction, Employer Health Care deduction, various tax credits for R&D, reversion to year 2008 payroll tax rates... all of those things will require major gear-shifting in the economy.

The do-nothing option favored by Obama- reversion to a lot of the pre-Bush tax rates- will not grow revenue by much. Debt will continue to be higher than many would like. In my opinion this leads to speculative bubbles and inflation, but many economists believe that it helps grow the economy and maintain employment.

However, if you don't solve the issues that make us uncompetitive in the first place, you will continue to use inflation as a tool to have fake competitiveness and thereby maintain a semblance of high employment. It turns what could be a temporary economic condition with a temporary, difficult treatment, into a chronic one requiring continuous treatment, with no guarantee that you won't hit the wall where the continuous treatment is no longer effective or available.
 
2012-05-22 09:47:58 AM  
So Mitt Romney's plan is more tax cuts for people like Mitt Romney.
 
2012-05-22 09:51:40 AM  
Anybody else notice that on of the author's names is Dan Balz?
 
2012-05-22 09:51:52 AM  

JRoo: Mitt's Plan
(from Mitt Romney's website mittromney.com)

To repair the nation's tax code, marginal rates must be brought down to stimulate entrepreneurship, job creation, and investment, while still raising the revenue needed to fund a smaller, smarter, simpler government.

Make permanent, across-the-board 20 percent cut in marginal rates

Maintain current tax rates on interest, dividends, and capital gains

Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains

Eliminate the Death Tax

Repeal the Alternative Minimum Tax (AMT)

Cut the corporate rate to 25 percent

Strengthen and make permanent the R&D tax credit

Switch to a territorial tax system

Repeal the corporate Alternative Minimum Tax (AMT)

Set Honest Goals: Cap Spending At 20 Percent Of GDP

Mitt's goal will be to bring federal spending below 20 percent of GDP by the end of his first term:

Requires spending cuts of approximately $500 billion per year in 2016 assuming robust economic recovery with 4% annual growth

Send Congress a bill on Day One that cuts non-security discretionary spending by 5 percent across the board

Pass the House Republican Budget proposal

Repeal Obamacare
Privatize Amtrak
Reduce Subsidies For The National Endowments For The Arts And Humanities, The Corporation For Public Broadcasting, And The Legal Services Corporation
Eliminate Title X Family Planning Funding
Reduce Foreign Aid

The federal government made $125 billion in improper payments last year. Cutting that amount in half through stricter enforcement and harsher penalties yields returns many times over on the investment.

Align Federal Employee Compensation With The Private Sector - Savings: $47 Billion. Federal compensation exceeds private sector levels by as much as 30 to 40 percent when benefits are taken into account. This must be corrected.

Repeal The Davis-Bacon Act

Reduce The Federal Workforce By 10 Percent Via Attrition

Consolidate agencies and streamline processes ...


What the farkkkkkkkk.
 
2012-05-22 09:52:10 AM  
 
2012-05-22 09:54:03 AM  

JRoo: Mitt's Plan
(from Mitt Romney's website mittromney.com)

* a lot of really crappy ideas*


So basically it's "make the rich richer and the poor poorer" on steroids.

Noice!

Anyone who votes for that man who makes less than 200K a year is a suicidal idiot.

Anyone who votes for him who makes more than that is a greedy idiot.
 
2012-05-22 09:54:49 AM  
Ax sluts for the healthy? No, that's not it...
 
2012-05-22 09:54:50 AM  

Fart_Machine: So Mitt Romney's plan is more tax cuts for people like Mitt Romney.


also; defund the EPA, CPB, and NEA, repeal national romneycare and prohibit union dues from being given to campaigns.
 
2012-05-22 09:55:01 AM  

GoodyearPimp: So if I understand -- we can talk about previous employment anything a Republican did, said, or stood for when it's in a good light, but not when it's not. What an asshole.


FTFY.
 
2012-05-22 09:55:02 AM  
Plan B? Obama is an out-of-touch, over-educated elite who wants to wants the government to come between you and your doctor, wants to give away free money to teacher's unions , and is too weak to go after America's swarthy, bearded enemies.

img.photobucket.com

img.photobucket.com

img.photobucket.com

img.photobucket.com
 
2012-05-22 09:55:19 AM  

JRoo: Reduce Subsidies For The National Endowments For The Arts And Humanities, The Corporation For Public Broadcasting, And The Legal Services Corporation
Eliminate Title X Family Planning Funding


fark yourself forever, Romney, you smarmy cockbag
 
2012-05-22 09:58:28 AM  

Fart_Machine: So Mitt Romney's plan is more tax cuts for people like Mitt Romney.


Someones got to create those jobs, what did you think poor and middle class people do that?

>LaughingBloneFemaleRepublicanTalkingHeadsOnFox.png
 
2012-05-22 09:58:44 AM  

Cat Food Sandwiches: When half the households don't pay any federal income tax, and half the households receive a government check, do you think there's any way in hell a Conservative wins? I don't.


Can someone put up the graphic of the Blue states paying for all of the red states? Want to know why they are blue and prosperous.....shoshalism.
 
2012-05-22 10:00:48 AM  
Plan B wants us to go on an urban safari and see some illegal migrants. Look there's a Chav!
 
2012-05-22 10:01:43 AM  
Cut taxes for the rich, privatize social services and shift the cost burden to the middle class, cut funding for NPR and planned parenthood, that should solve our economic problems.
 
2012-05-22 10:01:52 AM  

Raharu: Fart_Machine: So Mitt Romney's plan is more tax cuts for people like Mitt Romney.

Someones got to create those jobs, what did you think poor and middle class people do that?

>LaughingBloneFemaleRepublicanTalkingHeadsOnFox.png


I especially like how Mitt Romney's plan explicitly calls for middle-class layoffs and pay cuts.

Also, I liked these:

Imposing regulations, no matter what the social benefits, has a similar effect to raising taxes.

Impose a regulatory cap of zero dollars on all federal agencies

Require congressional approval of all new "major" regulations
 
2012-05-22 10:02:03 AM  
Romney's plan that was posted above mentions nothing about loopholes getting closed


Requires spending cuts of approximately $500 billion per year in 2016 assuming robust economic recovery with 4% annual growth

very interesting. does that mean that if the economic recovery does not produce 4% growth, then those cuts won't be implemented?
 
2012-05-22 10:07:18 AM  
Yes, it's going to come down to the economy. If it doesn't show some real and substantial improvement the voters will say it's time to let someone else try to fix it.

It's always worked that way.
 
2012-05-22 10:08:45 AM  

Cletus C.: Yes, it's going to come down to the economy. If it doesn't show some real and substantial improvement the voters will say it's time to let someone else try to fix it.

It's always worked that way.


Real and substantial since 2008: unemployment down, stock market up.
 
2012-05-22 10:09:52 AM  

qorkfiend: Also, I liked these:

Imposing regulations, no matter what the social benefits, has a similar effect to raising taxes.
Impose a regulatory cap of zero dollars on all federal agencies
Require congressional approval of all new "major" regulations


I like these three, because the last two directly contradict the first:


Encourage greater private sector involvement in retraining programs
Raise visa caps for highly skilled workers
Grant permanent residency to eligible graduates with advanced degrees in math, science, and engineering
 
2012-05-22 10:10:04 AM  

Pro Zack: 2000: Republicans: YAY we won.
Democrats: Shucks, we lost.
2004: Republicans: Ha ha, Albore lost the election!
Democrats: RAGEGAARBLE!!!
2008: Republicans: RAGEGAARBLE!!!!
Democrats: RACIST FEARMONGERS!!!
2012: Republicans: BLATHER BLATHER RAGEGAARBLE DERP!
Democrats: RACISM DERP FEAR WHARRGARBLE


Can we go back to 2000?


If this is how you remember 2000, you might want to go back and take some notes on the second round.
 
2012-05-22 10:11:15 AM  

unlikely: To be fair, Romney would have far less difficulty doing what had to be done to fix the economy.


You mean like lowering taxes on the top 1%, deregulating the industries that caused the economic collapse, and making more weapons to kill more brown people?
 
2012-05-22 10:11:59 AM  
reduce taxes on the job creators. pay for it by shutting down programs that benefit the poor.

then the JCs can use that money to create jobs in countries where slave labor really means something. Think how much money they'll rake in!

Of course they'll dodge any US tax liability on that money, but don't worry, it's completely legal now that they've bribed contributed to the campaigns of law makers who understand the needs of our JCs.

Just think, someday you might be a wealthy job creator. You wouldn't want to ruin your opportunity to do just as our current crop of JCs have done would you? of course not.

vote Republican
 
2012-05-22 10:13:00 AM  

qorkfiend: Cletus C.: Yes, it's going to come down to the economy. If it doesn't show some real and substantial improvement the voters will say it's time to let someone else try to fix it.

It's always worked that way.

Real and substantial since 2008: unemployment down, stock market up.


How insensitive can you be? Think of the millions of unemployed and underemployed struggling to get by in this economy. Maybe you've been padding your investment portfolio but far too many Americans are watching their homes fall into foreclosure, worry about putting food on their tables and fearing their 20-year-old cars will break down.

This has been a slow and soft recovery that continues to do huge damage to many, many Americans.

Or something like that.
 
2012-05-22 10:13:33 AM  

Lord_Baull: unlikely: To be fair, Romney would have far less difficulty doing what had to be done to fix the economy.

You mean like lowering taxes on the top 1%, deregulating the industries that caused the economic collapse, and making more weapons to kill more brown people?


Not to mention repealing the estate tax and the AMT and enacting the failed policy of austerity. Oh, and defeating the anti-carbon agenda, whatever that is.
 
2012-05-22 10:14:10 AM  

JRoo: Mitt's Plan
Cut, cut, cut, cut...


Basically he intends to run his administration like he did Bain Capital.
 
2012-05-22 10:15:02 AM  

JRoo: Make permanent, across-the-board 20 percent cut in marginal rates


So every rate gets knocked down 1/5? The top rate of 35% drops to 28, the bottom rate of 10% becomes 8%? Sounds goofy, but I guess one more shove to the left of the Laffer curve can't be the end of humanity, right? More tax cuts tilted in favor of the wealthy - if it hasn't worked in 30 years, it just means we're on the brink of it working!

Maintain current tax rates on interest, dividends, and capital gains

A bold plan. Truly, Mitt is a visionary.

Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains

I thought the problem was that people don't have "skin in the game"? And also - what? Eliminate cap gains and taxes on interest for AGI under $200,000? I guess that's not a bad idea, though I'd set that at $50k - median income.

Eliminate the Death Tax

Surely, this was the result of an impartial examination of the Estate Tax and its costs/benefits. *eyeroll* Tell me how that $100,000,000 tax-free trust for your kids is doing, Mittster.

Cut the corporate rate to 25 percent

When so many large companies are already not paying taxes, PLUS they get R&D credits, PLUS they get to write off expenses (which I, as a consumer, do not get to do, as a rule), I'd say what we need is a progressive tax structure for businesses. Instead of AGI, we'd use gross receipts. Tell you what - we'll put a 25% bracket in there for you.

Strengthen and make permanent the R&D tax credit

Qualified R&D? Sure. As long as it's not "consulting fees" paid to VC firms, or a defense-industry slush fund, I'm OK with that.

Switch to a territorial tax system

"Without regard for apportionment", Mitt. Unless I'm misunderstanding.

Set Honest Goals: Cap Spending At 20 Percent Of GDP; Mitt's goal will be to bring federal spending below 20 percent of GDP by the end of his first term

If you can get Congress to follow this rule, I'll eat Mitt's rain poncho.

Requires spending cuts of approximately $500 billion per year in 2016 assuming robust economic recovery with 4% annual growth

4% annual growth? Isn't 3% considered a good year? In a recovery, I guess 4% ain't too shabby, but $500B/year is a lot. I mean sure, NPR and Planned Parenthood, but where's the last $100B gonna come from? The bloated defense budget?

Send Congress a bill on Day One that cuts non-security discretionary spending by 5 percent across the board

Because states LOVE getting a 5% pay cut. Not like they're all strapped for cash. Not like Medicaid is bleeding like a stuck pig because the Feds have shorted them for years. Not like states are already in lots of pain because Federal austerity is killing their budgets...

Pass the House Republican Budget proposal

Gonna be tough to do without any GOP votes.

Repeal Obamacare

Gonna be tough to do that and survive reelection. Remember - by 2013, when hypothetical President Mitt takes office, (or by 2014, assuming they can't repeal PPACA within the first year) many of the ACA's provisions kicked in. People like lots of the new rules, but they hate "Obamacare". It's playing Russian Roulette with 3 rounds, Mitt - sure you've got the grapes?

Reduce Subsidies For The National Endowments For The Arts And Humanities, The Corporation For Public Broadcasting, And The Legal Services Corporation
Eliminate Title X Family Planning Funding


Contrary to the joke above, this saves tens of millions of dollars per year (a rounding error in the budget). It's basically the Romney family's tax bill for a year. Title X already can't cover abortion (thanks, Henry "Youthful Indiscretions" Hyde!), so WTF would eliminating it do for the GOP? Why does the GOP hate families?

Reduce Foreign Aid

This also saves precious few drops from hitting the bucket. It also reduces stability in parts of the world that are already dangerously close to instability. It's also a stupid idea, as the benefits of getting a bit of juice for a bit of coin far outweigh the marginal utility of another few wing panels for an F-35.

Mitt Romney - boldly following the GOP party line. To the letter. For freedom. And trees of acceptable height.
 
2012-05-22 10:15:18 AM  

randomjsa: Let's see... the expected liberal take on this will be...

"GOP ideas are just horrible! That's why!"

If you think the GOP/conservative ideas on economic growth are bad, that's perfectly fine but don't embrace the even more catastrophically bad DNC/liberal ideas on economic growth.

We can go with a choice "C" if you like, some combination of DNC/GOP ideas? Some brand new way? I'm listening, but so long as you're going to embrace proven failures just because you think its what's "right" or "fair" to everyone then you don't get to whine about anyone else doing the same just because they have different ideas about what's "right" or "fair".


"My idea of bipartisanship frankly going forward is to make sure we have such a Republican majority in the U.S. House, U.S. Senate and the White House that if there's going to be bipartisanship it's going to be Democrats coming our way," - Richard Mourdock (R-IN)

It's impossible to meet in the middle when half the players refuse to leave the bench.

/I'm all for compromise
//Sometimes I think I'm the only one left who is
 
2012-05-22 10:15:18 AM  

Cletus C.: qorkfiend: Cletus C.: Yes, it's going to come down to the economy. If it doesn't show some real and substantial improvement the voters will say it's time to let someone else try to fix it.

It's always worked that way.

Real and substantial since 2008: unemployment down, stock market up.

How insensitive can you be? Think of the millions of unemployed and underemployed struggling to get by in this economy. Maybe you've been padding your investment portfolio but far too many Americans are watching their homes fall into foreclosure, worry about putting food on their tables and fearing their 20-year-old cars will break down.

This has been a slow and soft recovery that continues to do huge damage to many, many Americans.

Or something like that.


Ah, ok. It's not that there haven't been real and substantial gains; the real and substantial gains aren't enough for you.
 
2012-05-22 10:16:42 AM  

Cletus C.: qorkfiend: Cletus C.: Yes, it's going to come down to the economy. If it doesn't show some real and substantial improvement the voters will say it's time to let someone else try to fix it.

It's always worked that way.

Real and substantial since 2008: unemployment down, stock market up.

How insensitive can you be? Think of the millions of unemployed and underemployed struggling to get by in this economy. Maybe you've been padding your investment portfolio but far too many Americans are watching their homes fall into foreclosure, worry about putting food on their tables and fearing their 20-year-old cars will break down.

This has been a slow and soft recovery that continues to do huge damage to many, many Americans.

Or something like that.


According to the Romney plan those people are slackers.
 
2012-05-22 10:17:54 AM  
You can expect those numbers to look even worse for Romney when people realize that his only idea is tax cuts.
 
2012-05-22 10:19:15 AM  

Wendy's Chili: You can expect those numbers to look even worse for Romney when people realize that his only idea is tax cuts.


That's totally unfair.

He also champions deregulation.
 
2012-05-22 10:19:16 AM  

qorkfiend: Lord_Baull: unlikely: To be fair, Romney would have far less difficulty doing what had to be done to fix the economy.

You mean like lowering taxes on the top 1%, deregulating the industries that caused the economic collapse, and making more weapons to kill more brown people?

Not to mention repealing the estate tax and the AMT and enacting the failed policy of austerity. Oh, and defeating the anti-carbon agenda, whatever that is.


All I'm saying is he wouldn't be faced with an entire House full of people trying to torpedo the economy on purpose.
 
2012-05-22 10:21:21 AM  

Dr Dreidel: JRoo: Make permanent, across-the-board 20 percent cut in marginal rates

So every rate gets knocked down 1/5? The top rate of 35% drops to 28, the bottom rate of 10% becomes 8%? Sounds goofy, but I guess one more shove to the left of the Laffer curve can't be the end of humanity, right? More tax cuts tilted in favor of the wealthy - if it hasn't worked in 30 years, it just means we're on the brink of it working!

Maintain current tax rates on interest, dividends, and capital gains

A bold plan. Truly, Mitt is a visionary.

Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains

I thought the problem was that people don't have "skin in the game"? And also - what? Eliminate cap gains and taxes on interest for AGI under $200,000? I guess that's not a bad idea, though I'd set that at $50k - median income.

Eliminate the Death Tax

Surely, this was the result of an impartial examination of the Estate Tax and its costs/benefits. *eyeroll* Tell me how that $100,000,000 tax-free trust for your kids is doing, Mittster.

Cut the corporate rate to 25 percent

When so many large companies are already not paying taxes, PLUS they get R&D credits, PLUS they get to write off expenses (which I, as a consumer, do not get to do, as a rule), I'd say what we need is a progressive tax structure for businesses. Instead of AGI, we'd use gross receipts. Tell you what - we'll put a 25% bracket in there for you.

Strengthen and make permanent the R&D tax credit

Qualified R&D? Sure. As long as it's not "consulting fees" paid to VC firms, or a defense-industry slush fund, I'm OK with that.

Switch to a territorial tax system

"Without regard for apportionment", Mitt. Unless I'm misunderstanding.

Set Honest Goals: Cap Spending At 20 Percent Of GDP; Mitt's goal will be to bring federal spending below 20 percent of GDP by the end of his first term

If you can get Congress to follow this rule, I'll eat Mitt's rain poncho.

Requires spending cuts of approxi ...


I like how not one of these points is a plan to pay down the current, existing debt. Under his plan the government would take in far less revenue, so even if it spent less it still wouldn't meet its current demands.

Oh and let's not forget what the GOP likes to do with the military when they're in charge. Yep, Iran. More unpaid billions in defense spending headed our way should Mitt win the election.
 
2012-05-22 10:22:01 AM  

soaboutthat: Pro Zack: 2000: Republicans: YAY we won.
Democrats: Shucks, we lost.
2004: Republicans: Ha ha, Albore lost the election!
Democrats: RAGEGAARBLE!!!
2008: Republicans: RAGEGAARBLE!!!!
Democrats: RACIST FEARMONGERS!!!
2012: Republicans: BLATHER BLATHER RAGEGAARBLE DERP!
Democrats: RACISM DERP FEAR WHARRGARBLE

Can we go back to 2000?

Wait. Al Gore lost in 2004?


John Forbes Kerry reminds him too much of Willard Mitt Romney, so down the memory hole he goes.
 
2012-05-22 10:22:19 AM  

unlikely: qorkfiend: Lord_Baull: unlikely: To be fair, Romney would have far less difficulty doing what had to be done to fix the economy.

You mean like lowering taxes on the top 1%, deregulating the industries that caused the economic collapse, and making more weapons to kill more brown people?

Not to mention repealing the estate tax and the AMT and enacting the failed policy of austerity. Oh, and defeating the anti-carbon agenda, whatever that is.

All I'm saying is he wouldn't be faced with an entire House full of people trying to torpedo the economy on purpose.


Well, maybe not deliberately...
 
2012-05-22 10:23:42 AM  
yea, ole' Romney is a fixer upper.

like all those companies he 'fixed' and gutted for a quick buck and then ran them into the ground.

the only thing Mitt "the sh*t" romney is going to 'fix' is furthering the foothold that big business and the wealthy have on our Government and trade agreements.

that'll 'fix' things up real nice.......if you're in the top 2%.
 
2012-05-22 10:24:55 AM  

Dear Jerk: Lower taxes. That's the entire plan.



for the rich and big business. simple, really.
 
2012-05-22 10:30:29 AM  

qorkfiend: Cletus C.: qorkfiend: Cletus C.: Yes, it's going to come down to the economy. If it doesn't show some real and substantial improvement the voters will say it's time to let someone else try to fix it.

It's always worked that way.

Real and substantial since 2008: unemployment down, stock market up.

How insensitive can you be? Think of the millions of unemployed and underemployed struggling to get by in this economy. Maybe you've been padding your investment portfolio but far too many Americans are watching their homes fall into foreclosure, worry about putting food on their tables and fearing their 20-year-old cars will break down.

This has been a slow and soft recovery that continues to do huge damage to many, many Americans.

Or something like that.

Ah, ok. It's not that there haven't been real and substantial gains; the real and substantial gains aren't enough for you.


No, I'm not seeing the substantial gains. Not at all. We're still mired in a very fragile economy. So, not enough for me. No.
 
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