rssHere Comes Mitt Romney
Thursday, January 15, 2009 at 10:32 am
- 12 Comments
Here at the Republican Working Committee on Economic Recovery hearing, Rep. Eric Cantor (R-Va.) pushes bipartisanship again: “President[-elect Barack] Obama recognized last week that the monopoly on ideas does not belong to one party.” He introduces former Massachusetts Gov. Mitt Romney (R), whose statement I am reading through.
Research by Christina Romer, the President-elect’s Chairwoman for the Council of Economic Advisors, shows that tax cuts have a substantially greater multiplier effect than does spending on infrastructure projects.
This is an oft-repeated misreading of Romer’s thinking. Romney weighs in against the idea of one-time tax cuts.
The best medicine for a sick economy is permanent tax relief. A rebate check would be a welcome sight to every businessman. But a rebate check isn’t going to incentivize businesses to expand, to invest for greater productivity, or to hire more people. It’s lower tax rates that do that.
The question is, as always, why haven’t yearly tax cuts signed by President Bush done this?
I would like to see a significant portion of new spending to be devoted to the maintenance, repair, replacement and modernization of our military equipment and armament. Since the 1990′s dismantling of our military …
This continues as you’d expect.
Republicans should commit to vote “no” on any stimulus bill with earmarks that have not been voted upon by the entire body.
This probably isn’t going to happen.
As a governor who welcomed the help you provided to us in the last recession, I won’t prescribe zero help for the states. But I do believe that it is critical for cities and states to use this time to finally align spending with revenues.
There are probably better times to balance budgets than during economic recessions. Any other time, for example.
Card check is a very bad idea under any circumstances. In these circumstances, it would be calamitous.
Conclusion: Romney is running for president in 2012.
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12 Comments
Comment posted January 16, 2009 @ 9:47 am
GO ROMNEY GO! The presidential match-up for 2012: Romney vs. Obama!
Pingback posted January 16, 2009 @ 12:17 pm
[...] In closing, David Weigel weighs in again, [...]
Comment posted January 16, 2009 @ 3:32 pm
David -Your question posed about why Bush's tax cuts have not done “this” is a dumb one. The Bush tax cuts were not permanent. The democrats insisted that they expire. Temporariness of tax cuts removes most enduring incentives for growth. They need to be permanent and if you watched the entire hearing you would have heard both Romney and Whitman emphasize why one-time credits and rebates and short-term reductions are not the answer.
You opinion about cities balancing budgets only in good times is silly. Drastic measures are needed and there should be no excuse for spending beyond ones means. A gradual alignment of revenue and spending that ultimately balances the budget in a certain timeframe could help any municipality. They need to take this opportunity to begin the process.
Comment posted January 20, 2009 @ 11:10 am
Conclusion: David Weigel is terribly uninformed about how to improve low economic conditions and spur the free market. Romney was the only presidential candidate in 2008 that knew what he was doing. Let's talk in four years David once Obama's policies have failed. I don't see how re-introducing the Clinton clan is “Change that We Can Believe In”. Should Romney choose to run in 2012, he will have my vote.
Comment posted January 21, 2009 @ 12:11 am
Wow honestly I feel that Mitt ROmney will be a great Presidential NOminee against Obama in 2012, and I feel that Romney would certainly win the Presidency. It would be great to have him in office as our 45 President, you never know what the future holds but in my opinion if Romney would have won the Primary and nominee for the Republicans in 2008 then he would have had it made against Obama!
Being a Romney fan my self I think it was insane that the Republicans picked Mc cain for the pick against Obama he didn;t have a chance.
Anyway I hope to see Romney in 2012.
Romney would certainly fix the economy and keep us on track.
A match between Romney and Obama in 2012 would be awesome!
Comment posted January 26, 2009 @ 7:17 pm
This is an interesting commentary on the statements from the only qualified major candidate of the 2008 election. (Yes, I am also excluding His Excellency Obama). He took a state in total socialist ruin (Massachusetts) and turned deficits into surpluses without raising taxes. He took the Olympics in Salt Lake City out of utter chaos and produced profit and stability, saving our country from third-world style humiliation.
I read the entire address that you weakly summarized, and your excerpts do not give the slightest bit of credit to the real views of Mitt Romney. Of course, the current PC view is that any politician with any ambitions at all is too smart to be a Republican. And your pitiful commentary reflects that short-sighted, liberal, yet politically correct view. But I wax redundant.
Comment posted February 7, 2009 @ 4:44 pm
I knew the Romney family -as i grew up in the Boston area. I would trust him completely and I know him to be a man of complete integrity! He is the man for 2012!
Comment posted February 8, 2009 @ 12:44 am
I knew the Romney family -as i grew up in the Boston area. I would trust him completely and I know him to be a man of complete integrity! He is the man for 2012!
Comment posted January 11, 2010 @ 2:15 pm
Already got my Romney yard sign and bumper stickers ready
Comment posted January 11, 2010 @ 7:15 pm
Already got my Romney yard sign and bumper stickers ready
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