Mitt Romney: Economic Superhero

We are on the edge of recession or we're already in a recession or we are headed for a slowdown but will avoid a recession.  No matter who you want to believe, the economy is on the minds of a lot of people.

Luckily, the Old Media has a savior for us.  Mitt the Millionaire Mormon to the rescue.

You see, Mitt's worth about $250 million dollars.  This makes him an expert on the national economy.

Hell, why not?

Being a prisoner of war 40 years ago makes McCain the go-to guy on war strategy ("Don't get captured" would be high on my military strategy list).  Rudy happened to be mayor of New York on September 11th so he's an expert on terrorism (maybe the mob connections help in that area as well).  Huckabee is friends with Chuck Norris so that makes him a black belt in Tae Kwon Do (and maybe he can speak fluent Korean too).

Mitt is a successful business man so he must know everything about money.  Shall we examine this a little more closely or let the Old Media continue unchecked with their brainwashing?

Yeah, let's examine. 

One of the biggest, if not the absolute biggest, problems with our government is that it's owned by corporations.  The Federal Reserve is a group of private banks that decides the supply of money in our country and the interest rate for that money.  Lobbyists and special interests and anyone else with enough money to buy a politician (I think I'll put Politician on my Amazon.com wishlist for Christmas this year) control all the decision that our government makes.  It's no surprise that those decisions seem to favor corporations more than citizens.

If Mitt became president, it would be more of the same.  He's not going to do what's best for the people.  He's going to do what's best for businesses at the expense of people.  He'll go from being a multimillionaire to being a billionaire while the middle class winks out of existence.

His plan to stimulate the economy is just like all the other NeoCons, cut taxes and especially cut corporate taxes.  If he's such a super genius, why doesn't his plan sound better than Rudy's?  After all, Rudy's specialty is Terrorism, not Economics.  The two plans sounds exactly the same (on the flip side, Mitt probably knows as little about Terrorism as Rudy does).

And what about the logic behind cutting corporate taxes?  If you give businesses a 10% break, they will use the money to hire more people and that will raise us out of the recession. 

I'm not a multimillionaire expert on the subject so I'll let you decide.  If you got a 10% tax break and you knew there was a hellacious recession coming, would you rush out and spend all that money?  Or would you hold that money back, pay off some debts, put some in savings, invest in software or hardware to replace your most costly expense (people), and keep some on hand to weather the rough times?

One of the reasons that the propaganda machine is refusing to say "recession" is because as soon as people believe it's true, spending drops both on a personal level and on a business level.  Businesses that know a recession is coming probably aren't going to be looking at this as a time to use that 10% to expand.  They are going to cut expenses where they can in addition to taking the tax cut so they can try to ride the recession out and still be in business on the other side.

Now, if Mitt were to actually run the country like a business, that would be a completely different thing.  He isn't talking like that will be the case though.  He would be talking about cutting government spending and about cutting government spending and also about cutting government spending.  No one remains in charge of a company by going a trillion dollars in debt each year.  Only the President of the United States can get away with that and keep his job.  Any other CEO would be shown the door after the first year and would have to learn the key phrase, "Would you like to Biggie size that?"

So no, Mitt isn't any kind of economic whiz kid.  He's a business man who seems to have a dichotomous view of how a successful business runs and how a successful country should run.  Just like the other NeoCons hellbent on conquering the Middle East, financially he'll keep running this country into the ground if he were to be elected President.

Comments

[CV Rick]

Well, there is the side-effect of cutting taxes, cutting revenue, increasing the debt, and driving this country's borrower status down, raising international interest rates, and subsequently bankrupting the economy.

Then . . . .

Republicans can get their way, because all entitlements will be dropped, no choice of ours - it was the mean international bankers who made us do it. No more medicare, no more social security, no more food for the poor, no more school lunches, no more anything, except a military.

I really don't think they're as dumb as they want to appear.

[successwarrior]

Yes, I'm sure there's a plan behind the visible ineptness and it's not for our benefit. These people obviously must have consultants that know the truth behind their plans.

It's something that I've been trying to puzzle out for a few months now. What is the Fed trying to get out of financially destroying our country?