Romney puts in his two cents
Mitt Romney is on Capitol Hill this morning, testifying about Barack Obama's economic recovery plan.
The former Massachusetts governor, seen as one of the Republican party's leading lights on the economy, was invited by new House Republican Whip Eric Cantor of Virginia, who says the hearing is in response to Obama's outreach for GOP input. (Click here for a link to live streaming video.)
"The best medicine for a sick economy is permanent tax relief," Romney said.
He said any spending should only go to urgently needed projects, such as military modernization.
Obama is proposing that about 40 percent of the stimulus package -- pegged at $775 billion or more -- go to individual and business tax cuts. He also wants spending on infrastructure, but also on projects that support his longer-term goals on education, healthcare, and the environment.
Of course, if the election had gone differently -- and especially if John McCain had picked him as his running mate -- Romney's say in the stimulus package would be much louder.
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how many stimulus packages have we had? let the free markets take over. making government bigger is not the solution...
Let me get this straight - Romney's answer for this crisis is tax cuts and additional military spending??? Isn't that a big part of the reason we're in this mess in the first place? What an idiot. Meanwhile, our infrastructure is crumbling, the crooks on Wall Street are walking away with many more Billions and Joe Six Pack gets nothing. Brilliant at usual Mitt. You suck.
....Mitt......Miss you as our Governor.....just look at this dunce the Moon-Bats elected as our 'Leader'......just a sorry-lame-FOOL..... riding around in his very expensive Cadillac grinning like a King....this guy has NO solutions to govern.....just raise taxes and fees is all he knows......woe be it , to us until he exits to join up with his bosom buddy...the Messiah.....two jerks laughing all the way to the bank!!!!
Mitt is the ONLY one of the leaders with real life business experience. This is what we need. Someone who actually build something and not just another empty head-no experience-lawyer turned politician. Mitt and Palin 2012.
Haven't we had enough of this guy yet? Please, send him back to Utah.
With all due respect, which I have for Mitt Romney in terms of his business acumen, my stimulus package would be focused on the building of nuclear power, gas and oil drilling domestically and yes, tax relief for business and individuals.
"permanent tax relief" is what Romney said, but what he left out is only for businesses and people who make over $250,000.00 a year. Any one under that should pay through the nose.
I am very happy this clown left our state and pray he just leaves this country.
Llets just take a basic economic idea. If 5000 people but 1 dollar worth of goods and one person buys 1 dollar of goods which has more economic impact? There are far more middle class Americans who need a tax break more than business do. The middle class drives the economy and we the wealth are taxed more than the middle class the economy thrives. When the middle class pays more than the wealthy the economy goes into recession.
If you dropped taxes to ZERO you would revive the economy and end gov't which would be the greatest thing ever. Of course asking the gov't to go away is treason nowadays.....so we're all pretty much doomed.
Who had enough of Mitt Romney ENJOY your PATRICK!!!!!!!
If Mitt would do what this clown is doing This Baker will scream LOWD!
I'm against all the bailouts, didn't we learn 30 years ago that trickle down economics doesn't work? Give money to the big banks and you help NO ONE!!!!
If you want to fix this economy in one week, divide that 800 billion by the number of taxpayers making less then 250K. What ever the amount give it to the people. Since 70+ % of our economy is based on consumer spending this is the ONLY option that makes sense. People will go out and buy new cars, houses, pay down there debts, I mean am I the only person who sees this?
Wake up people, politians are not the answer. Government doesn't solve problems it creates them. Obama will bankrupt this country, Osama bin Laden will get what he always wanted, a defeated US, but we won't be defeated militarily, we will just go bankrupt like the Soviets.
Guess ryan wants to be unemployed and there be The Great Depression Part 2, Revenge of the Hoover, with the free market taking over.
Here's a stimulus package that will save us gazillions -
abolish the Federal Government.
Real life business experience is what got us into this fix GB
Let free markets take over, you mean like Wall Street? Give me a break, our infrastructure is a joke compared to Asia and Europe. We need government investment into our infrastructure. You conservative principled thugs have no problem spending money on your war machnes, but put some money where tax payers actually bennefit, and you hate it. FYI, you got your socks rocked in the last election, we want you to shut up now, please.
I'm sorry to say this, but it is fair to judge the acumen of anyone who falls for Mormonism, of all religions.
Run Mitt Run!
military modernization? how is that an urgent need? we can kick everyone's a$$ 100 times over. Why do we need a fighter jet that costs 400 billion dollars to develop that's only slightly better than the jets we have now? We are, by far, the strongest, most technologically advanced military in the world. I think "urgent need" is a bit overstated don't you think? Our roads are crumbling, we rely on foreign oil far too much, our schools are woefully underfunded, the list goes on and on. Thank goodness this joker isn't in the white house. Mitt / Palin 2012. hilarious.
Its funny because all you people out there bashing Mitt got that right from our military and the fact that we are free. He has proven to be a successful businessman, I really do not see how you can freak out because he generalized his approach. Oh wait maybe its because obama has done everything so well in the past, Illinois the most currupt state, the most in debt state, more deaths that in iraq....yeah I would never question any of his plans.
Mitt is for anything that helps Mitt. Mitt's positions flip flop on a weekly basis. Lying hypocrite doesn't begin to decribe him. I have to laugh very loudly when I see people from outside MA saying that they're in favor of Mitt because he's "a conservative".
The Republican party really should do a bit of digging. They must have better thatn Mitt and Palin. At least they'd better hope so.
Tristan,
Where's your tolerance that the Libs love to preach? I'd rather trust someone of the Mormon faith than a believer in "global warming or climate change"!!
If they're picking Mitt Romney, failed governor, failed candidate, as their spokesman, the GOP is in worse trouble than I thought.
I say we listen to Romney. He knows the economy and he knows allowing Americans to keep more of their income is the answer. Romney in 2012!
Tristan, your anti-Mormon comment is shameful. I'm a conservative evangelical, but I have no problem partnering with someone with religious views I oppose in order to serve our fellow citizens (through political involvement).
Run Mitt Run!
All fluff and no stuff that's the mittster for ya - What a bozo...
Want to guess that on top of a tax cut for the rich ('read' for him and his buds at Bain) that he probably wants the okay for the return of his illegal alien yard workers too...
He was a hack when he was our governor - And still is - Mark him return to sender, tie him on top of a station wagon (self quote: "he'll like it") and send him back to Utah...
Obama isn't proposing tax cuts, he is proposing using the tax system to distribute welfare to individuals who do not pay taxes.
This is unethical, and it will not have any efficiacy.
8 hundred billion divided by the number of people who make less than 250K comes out to roughly $3,000 / person. Is that going to solve anything in your household? You could give everybody $20,000 and it isn't going to be anything other than a band-aid on a much bigger problem. The big question is, how much of every dollar that is spent in this country ends up in the pocket of a foreigner? We buy products from everywhere in the world, but fewer and fewer are buying products made here in the USA. There are a number of reasons for this, but as long as we are going to continue to grow as a service economy and lose manufacturing jobs and companies to other countries, we will continue to see a weakening in our economy.
This can only end in war with whomever is buying up all this debt we'll never be able to pay back.
Tristan - You can judge him all you want. But he is not pushing to the government to build a giant Brigham Young statue, he is arguing for the longterm stability of the country.
Ah, yes, good old Mitt - a fine representative of the swindler wealthy class, and here are his right-wing minions - like Mitt, they whine that the wealthy should have no taxes, even though they themselves will never be that wealthy. Like lemmings, they continue to rail against those that actually have some interest in improving everyone's lot and, utterly stupidly, continue to support those who have spent the past quarter century sticking it to them. There's a reason that conservatism is utterly anti-intellectual. The only way they can achieve power and wealth is through support of the the know-nothings. Ultimately, Mitt is just another fortunate son who will never measure up to his father. Just like that right-wing idol Bush.
Mitt did nothing positive in MA. He just drove us deeper into financial turmoil while he was off running for president.
What a biased and shortsighted remark Tristan, especially in light of the positive diversity and creative abrasion that has sparked from freedoms we do enjoy, like freedom of religion (since you brought that up) - making the great nation we have today.
Love to know what credentials you hold or standards you have to judge acumen.
"Free markets" means deregulation. Deregulation is what led to the mortgage crisis which, in turn, caused the collapse of the banks. So, that's as stupid a suggestion as it was back in the days of the Hoover presidency. And why is "military modernization" a greater moral priority than keeping families in their homes, insuring that Americans have jobs, educating our children, and stimulating green industries that will protect our environment and reduce our dependence on foreign oil and domestic war profiteers (i.e., domestic oil companies)? The country rejected Romney because he is an opportunistic, unprincipled politician who simply does not have a single good or new idea. Good riddance, Mitt.
Tax relief is trickle down if managed on the Republican side. in 1980, we had years of stagflation that required some tough medicine (high interest rates) to break. We had a supply side crisis in that businesses didn't want to invest.
We are in a very different place, now. Businesses would invest if people were buying. Businesses are cutting back, laying off, eliminating raises, bonuses and retirement contributions because of lack of demand. We need a good, old fashioned Keynesian stimulus. We have an opportunity to spend it on long term projects such as energy indepenedence based on renewable sources. It has the side benefit of potentially being decentralized and less susceptable to terrorists or world events. Local is greener. It is strategic, and puts people to work locally--better than a tax cut to get people to buy a big screen TV built in Asia.
Tax relief is trickle down if managed on the Republican side. in 1980, we had years of stagflation that required some tough medicine (high interest rates) to break. We had a supply side crisis in that businesses didn't want to invest.
We are in a very different place, now. Businesses would invest if people were buying. Businesses are cutting back, laying off, eliminating raises, bonuses and retirement contributions because of lack of demand. We need a good, old fashioned Keynesian stimulus. We have an opportunity to spend it on long term projects such as energy indepenedence based on renewable sources. It has the side benefit of potentially being decentralized and less susceptable to terrorists or world events. Local is greener. It is strategic, and puts people to work locally--better than a tax cut to get people to buy a big screen TV built in Asia.
John B - deregulation is not what caused this financial melt-down. This is the direct result of the government and folks like President-elect Obama, as an attorney threatening lawsuits against banks, who forced private banks to extend loans to people who had no ability to pay them back - all in the name of redistributing the wealth and putting poor folks and minorities into homes. So, under pressure, banks went along, then they securitized these toxic loans to spread the risk.... and it spread so far, we all get to pay to put those poor folks in their houses. And it will get worse under upcoming legislation making it easier for these folks who could never afford their houses in the first place to go to a bankruptcy judge and have that judge force a reduction in the amount they owe on the house. Then, those losses will filter through the banking system over the next couple of years, further delaying the extension of credit to those of us who have made good, hard, disciplined choices… and none of us being able to get a reduced mortgage, or government hand-out. This is socialism using government to force painful wealth redistribution through the private financial sector. Brilliant, but unjust, and devastating to us all.
to ONTHE LEFT,
When you're on the left you seem to limit your views to a narrow point of view. Try the facts and liberate your narrow tunnel vision. What you say about Mitt is shear self blindness via the left version. Mitt's record certainly is not what you've studied.
Keep it real simple. Just get the facts, just the unadulterated facts then you can comment intelligently. Mitt didn't get where he is at because of his dad. Lot's of people go to Harvard or BYU with help from their parents. What they do with their
time while there and after is the proof. Mitt's money didn't come from his dad. By the time Gov George Romney passed away, Mitt was worth tens of millions and
gave every penny of his inheritance to charity. This is old news.... where have you been?
Why don't you figure out some key words like "Mitt Romneys Harvard grades" , "Mitt Romneys salary as MA Governor," or olympics salary. Why don't you look up "the
Bain Way". Here's one....for the 13 years Mitt Romney was CEO of Bain
capital...true or false(?): His average return on investment per year was 113%. Can you find the accurate answer?
What else don't you want to know? How about his simultaneous degrees at Harvard, what were they? Was he one of the top acheivers while there? Was he a Baker scholar?
time in collegeis
It seems to me all the negative comments about Romneys suggestion for the sake of the nations economy moving forward are from people with little or no knowledge how economy works.They comment with darkness in their mind because of their love fest and emotional feelings for Obama but other than that it's an empty suitcase they're carrying.See how lunatics react to the truth even when the truth is spoken clearly by people with the right knowledge and understanding of how the United States economy works since its birth as a nation.I hope all these lunnies are not brainwashed by the superficial but not beneficial stimulus package they hear and read about in the media.The Romneynomics will work for the united States situation and not the fakenomic from outer darkness.
Tristan, I've got a hundred bucks that says you don't know a single thing about Mormonism other than the trash you read on the blogs. Your should be embarrassed.
Run Mitt Run 2012!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Good ol' Mitt! A guy with real business experience! Congress spends too much, and what they do spend is often wasted by the bureaucracy.
Mitt, can you reunited all the different Republican factions from the Ron Paul Libertarains to the Mike Huckabee Evangelicals like what Reagan did?
A need for military modernization? A must during a time of war! Romney/Steele 2012 (Michael Steele). Enjoy your four years in office Obama.