Quote:
Originally Posted by Lord Ben
Not for me, I'm quite enthused to vote for him. They'll get the economy and government under control again, reign in oppressive regulations, move us towards balancing the budget (though with the 1+ Trillion disaster Obama leaves with it'll be hard/impossible to do in 4/8 years), stop the disaster known as Obamacare, and also stop whatever 2nd term agenda is coming in the pipes.
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So tell me then Lord Ben, how _does_ his economic plan work exactly, besides some completely unproven and dogmatic faith in income tax cuts magically resulting in massive economic growth; something made all the more ludicrous given the objective failure of the Bush tax cuts, and the lack of any decisive empirical evidence in support of this assertion.
Even growth during the Reagan period can be explained by declining interest rates according to the CBO and one of his own economic advisors at the time (Michael Mussa); with regards to assumed revenue growth:
Forbes reported IGM survey results. It's also interesting to note that the CBO is not allowed to use assumed revenue growth from taxation decreases when projecting budgets, as it's considered an irresponsible and non-objective practice.
When you're done explaining that, I'd also like to know which oppressive regulations he specifically means to out.
Further, how exactly does Obamacare _destroy_ US health care? Facts? Sourcing? That said it's hard for me to imagine it getting any worse.
I honestly love all this talk about how Romney will save the economy, create jobs, deliver some miraculous silver bullet of policy all without increasing real or effective tax burden on the middle class, or the debt/deficit, and yet not one person in support I've met/spoken to can explain how it'll happen excepting bogus, unproven supply side 'voodoo economics' where the tax cuts will ultimately result in some fantastic recovery. I suppose that's to be expected, because even Romney admitted its reliance on such.
When Nobel laureates of economics like Krugman, Harvard economist Larry Summers, and non-partisan commentators such as chief Moody's economist Mark Zandi, the IGM and the Tax Policy Centre all soundly refute the basic rationale of your plan, it probably isn't much of one at all.
EDIT: As a semi-aside, also found this kind of funny:
http://www.romneytaxplan.com/