I certainly don’t have much hope that he’ll make much difference.
Here is a quote from the guy who wrote the article, I guess he is an 0 supporter:
“I would be a Keynesian, but only if the framework was in place to stop speculation in markets and in housing. I oppose massive spending until there is more control of the banks, because with too much easy money at the top, they will inflate the cost of living for the rest of the people. I am against austerity because economic depressions don’t work.
My natural father was a CEO of a major New York corporation. I am adopted. That is strong motivation for my rejection of any attempt to attack these misdeeds of bankers through racial or ethnic profiling. That is a low road that leads to ethical ruin. I recommend checking out my articles below.”
“In 1962, George Romney was elected as governor. Despite of voters’ choice of sales tax increase, in 1963 George Romney proposed a state income tax in addition to the increased sales tax. A state income tax was enacted in 1967. That had a domino effect, causing Michigan cities to get “on board” and burden citizens with city income taxes. George Romney then expanded Michigan government.”
from...
http://www.mlive.com/opinion/jackson/index.ssf/2011/09/romney_shares_name_with_tax-ra.html
It seems that both George and Mitt were pioneers in states’ rights. /sarcasm
“Governour CEO” is gonna reinflate the bubble ping!
And so, we should embrace the failed Marxist bull of Barry’s daddy instead???
This amounts to an indictment on little evidence. Of course Romney will needs advisers with expertise in the housing market. It is one of the major challenges he faces. This does not say that he will adopt “buble” policies. Mitt knows business, advisors won’t be calling the shots.
This isn’t much of an article. His evidence of Romney’s intentions on this count is having hired two Bush advisors who supposedly were pro-bubble—but not bothering to share with us who those two advisors might be!
Obviously the bubble was created soley by the mortgage backed securities. These were around for years. The problem was lending practices gone nuts.... It makes no sense why folks who couldn’t pay loans were buying multiple houses.
Like most government responses to a problem - they hit will a sledgehammer and damage an entire industry rather than fix the problem. Because of that I’ll give Mitt the benefit of the doubt.
The scary thing is that once the economy comes back we get to deal with the god awful inflation the Fed will have given us during the past 4 years trying to stop deflation. They have pretty much just wound the spring and it has to unwind at some point. (We get a preview of it at the pumps)
Who are you trying to fool here ?
Business Insider is a Dem party run propaganda outfit !
The guy who created it is a Hard left wing Democrat !
Are you a Dem party troll ???
Business insider propaganda ?
Please spare us !
Business Insider is a lefty troll site.