Wednesday, May 16, 2012

Romney spouting BS

Mitt-RomneyThe mantra for this upcoming election is don’t believe anything Romney says. We already know that he will say anything to anyone just to get them to vote for him. Now most politicians will skew facts to their favor but Romney has brought that practice to a new level.

Case in point is his latest speech (propaganda?) given in Des Moines, Iowa. AP’s Tom Raum posted in the Huffington Post a good critique of some of the facts that Romney got wrong. Here’s one -

“ROMNEY: "I will lead us out of this debt and spending inferno. We will stop borrowing unfathomable sums of money we can't even imagine, from foreign countries we'll never even visit. I will bring us together to put out the fire."

THE FACTS: Romney's tax and spending plans don't support his vow to dampen the debt fire. He proposes to cut taxes and expand the armed forces, putting yet more stress on the budget, and his promise to slash domestic spending isn't backed by the big specifics. Romney's tax plan would cut the top income tax rate to 28 percent from 35 percent and other rates by 20 percent each. He says he'd broaden the tax base and eliminate many deductions in the process, but details are missing.”

A study by the nonpartisan Committee for a Responsible Federal Budget concluded earlier this year that Romney's plans would not make a dent in deficits, and could worsen them considerably. That study was done before Romney upped his tax cuts, inviting even deeper debt.

Romney has been saying that he understands the economy (like none of us dummies don’t know a thing) and he can fix it. Gee we must be such dunces! Now to be fair Romney has some knowledge of the economy, namely how to get the most money into his pockets by squeezing the crap out of companies that Bain Capital bought and then dumping. His job creation was to employ more CPAs to keep track of his assets.

Romney continues to play towards his fat cat wealthy friends, ignoring the reality of the economy and spouts simplistic plans that won’t work. The reality of a Romney Presidency is that he will do more harm than good.

Raum also said – “A study by the nonpartisan Committee for a Responsible Federal Budget concluded earlier this year that Romney's plans would not make a dent in deficits, and could worsen them considerably. That study was done before Romney upped his tax cuts, inviting even deeper debt.”

All his talking demonstrates that he doesn’t have any understanding of the American economy. It’s easy to say things that sounds nice, but doing it is another story. Please think about it.

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