Skip to comments.Romney’s Big Fat Wet Kiss to Keynesian Economics (RINO Mitt flops back to liberalism alert)
Posted on 05/26/2012 5:53:09 AM PDT by Zakeet
The real news in Mitt Romneys interview with Mark Halperin, as Charles Pierce points out, is that Romney openly repudiated the central argument his party has been making against President Obama for the last three years: that he spent too much money and therefore deepened the economic crisis. Indeed Romney himself had been making this very case as recently as a week ago (he bailed out the public sector, gave billions of dollars to the companies of his friends, and added almost as much debt as all the prior presidents combined. The consequence is that we are enduring the most tepid recovery in modern history.) But in his Halperin interview, Romney frankly admits that reducing the budget deficit in the midst of an economic crisis would be a horrible idea:
Halperin: You have a plan, as you said, over a number of years, to reduce spending dramatically. Why not in the first year, if youre elected why not in 2013, go all the way and propose the kind of budget with spending restraints, that youd like to see after four years in office? Why not do it more quickly?
Romney: Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5%. That is by definition throwing us into recession or depression. So Im not going to do that, of course.
Of course! Romney says this as if its completely obvious that reducing the deficit in the short term would throw the economy back into recession, even though he and his party have been arguing the opposite case with hysterical fervor.
(Excerpt) Read more at nymag.com ...
It didn't take the Rino long to abandon conservatism after his opposition dropped out of the race
This is shaping up to be 2008 all over again. The lesser of 2 evils. The sad part is if we had a conservative (not Newt) who can make the case and who’s quick enough to counter all the mud that AxelGrease and the DNC will throw at him, he’d be walking away with it.
As long as the powers that be believe this we are doomed. Keynesian 'solutions' have never been applied more enthusiastically than by FDR and Obama. They have resulted in the two worst economic records in the nation's history.
The 2012 GOP platform for conservatives: close your eyes, hold your nose, plug your ears, shut your mouth, and turn off your brain.
You misspelled Kenyan.
Romney is not endorsing Keynesian economics here. This is a hit job designed to discourage conservatives (who do not read what he said).
“Its the Economy, Stupid”
Surprise, surprise, surprise! A hit job. Who’da thunk it?
I will never vote for romney.
Some of us have seen through Mutt from the beginning. No significant economic change of the type we need will happen in a Romney presidency.
The lesser of two evils is still evil.
I’m glad you pointed this out. The article is deliberately misleading and is a hit job for people who read no further than the headline and first paragraph.
Government spending is false GDP.Real GDP comes only from the private sector.
You one of those post-before-reading FReepers?
After all the build up, the actual thing said by Mitt quite underwhelms our expectation that he is going to out himself at any moment as another huge tax and spend liberal. He wants to retire the deficit at a rate more slowly than 5% of GDP per year until the recession is over. And Mitt never says anything about Keynesian economics at all. My what an economic liberal Mitt is!
Romney is my 2nd-to-last choice for POTUS, followed only by Obama. However, this article is a cheap shot, and isn’t worthy of being posted.
Folks who cheer it are Obama-bots.
I think we need to embrace Myth and push him to the right.......
However, he also likes big government programs, which would seem to contradict his supply side talk. He sounds a lot like a guy places less importance on the philosophy behind a government program than in the person running the program.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.