What 'Dramatic' Something Will Mitt Romney Use To Save The Economy? Tax? Cuts?
Mitt Romney will fix the economy. Okay. How. Well, now, let's just hold on a minute and take things one step at a time. Thefirst step is to say that he "can absolutely make the case that now is the time for something dramatic." Once he has furthered the case that he can absolutely make the case for something, then we'll move on to step two: he will make the case that he can make the case that he will make the case for something. Now hold your horses, this won't happen overnight. When it does happen, he will make the case that a case will be made for something. And then the case will be made for more tax cuts, which will spur further pushes for tax cuts and the profits for the small business jobs and such and money.
Mitt Romney said yesterday that he opposes further fiscal spending or monetary stimulus, which we had some indication he might say since that is his well-known position. What he will do, however, is save the economy by doing something.
Mitt Romney is calling for "something dramatic" to help the economy recover, but he's not saying exactly what.
The Republican presidential candidate says he opposes another federal stimulus package and new government programs. He also says that if the Federal Reserve were to undertake another "massive" program of buying government bonds and mortgage-backed securities, with the goal of driving long-term interest rates even lower, it wouldn't help the recovery.
"I can absolutely make the case that now is the time for something dramatic and it is not the time to grow government. It's the time to create the incentives and the opportunities for entrepreneurs and businesses big and small to hire more people and that's going to happen," Romney said an interview aired Sunday on CNN's "State of the Union."
A senior source familiar with Romney's thinking who does not exist and requested anonymity for fear of endangering his nothing tells Wonkette that Romney's weighing the following dramatic ideas for economy-saving.
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A handsome list of policy proposals. But the crux of all of Romney's budgetary and macroeconomic plans, of course, is his plan for 20 percent marginal tax rate cuts across the board while maintaining revenue-neutrality by closing upper-income loopholes and deductions. As has been obvious from the instant he announced this at one desperate point or another during his primary campaign, and as confirmed more sciencey-like last week by the Tax Policy Center, he would only be able to maintain revenue-neutrality for such sweeping rate cuts by going after the biggest middle-class deductions. Shorter version: His plan would raise taxes on all but the very rich. Shorterer version: The thing, the fucking thing. And it would have a dramatic effect on the economy.