I’d like to be the first to congratulate Republican Congressional candidate Dan Sebring on his loss to Democratic Rep. Gwen Moore. Though unsurprising, confirmation of Sebring’s loss brought a smile to my face, and I look forward to seeing him run (and lose) again in 2014.
And why do I care about Linda McMahon
losing her second consecutive U.S. Senate race in Connecticut?
Because she’s blown through $100 million of her own money on her way to two consecutive losses.
Former World Wresting Entertainment CEO Linda McMahon (R) is projected to fall short in her Senate run against Rep. Chris Murphy (D), the Associated Press reported on Tuesday evening.
Wasting $100 million of your personal fortune to lose two U.S. Senate races? Yeah, that’s the very definition of lunacy.
Thompson joked while talking to workers at the La Crosse steel fabricator that he got a deer even before the season opener. Actually it was one of his campaign cars; he said he was riding in the bus behind it when the crash happened early Sunday near Shawano.
“Nobody was hurt,” he said. “It did a lot of damage. I think the deer was named Tammy Baldwin, but I’m not sure.”
When it comes to my decision on who to vote for, it’s fairly simple to me. It’s all about what the experts are saying, what the data says and the progress that has been made.
While it’s true Mitt Romney made himself a rich man running Bain Capitol, this does not necessarily qualify him to be an expert on creating jobs. In fact, quite the opposite. He cut American jobs and shipped thousands of jobs to China. Mitt Romney was a profit creator not a job creator.
So while Mitt Romney may have been a successful business man, when it comes to Romney’s Tax Plan, almost all economists choose Obama over Romney.
Here is what the experts say:
- The Rasmussen Reports stated “Romney’s jobs plan numbers don’t compute”
- Ex-Reagan Adviser Bruce Bartlett stated “Romney’s Tax Plan Will Not Revive the Economy.”
- The National Journal stated “Romney’s Tax Plan Details Favor the Wealthy”.
- Fact Check.org’s article titled “Romney’s Impossible Tax Promise” stated “Experts say he can’t cut rates without losing revenue or favoring the wealthy.”
- The Christian Science Monitor stated “Mitt Romney’s tax plan doesn’t add up”.
- The Tax Policy Center stated that “All taxpayers making less than $200,000 would see there taxes go up on an average of $2041.
- The Economists polled hundreds of professional academic and business economists and they stated “By a large margin, they rate Obama’s overall economic plan more highly than Mr. Romney’s and credit him with a better grasp of economics, and think him more likely to appoint a good economic team.”
- The Economist also endorsed Obama stating, “Mr Romney has an economic plan that works only if you don’t believe most of what he says.”
Then besides that, right now, unemployment is at the lowest it has been in 44 months and manufacturing is the highest it’s been since 1997.
A report was just released on October 26th from The Commerce Department which stated that the U.S. GDP is growing at a quickening pace when it came to both government and consumer spending. Basically stating that economy is seriously picking up.
As for the deficit, the data does not support the concept that Obama is to blame for it. The fact of the matter is, The Bush Tax Cuts that gives huge tax breaks to the wealthy is a good majority of the deficit. Of course, there were also two wars as well as the Medicare D program which were all started under Republicans.
You look at any graph regarding the deficit, it will show how much republicans are responsible for and how much Obama is responsible. If you don’t believe me, Google it.
The simple fact is if President Obama didn’t sign the Stimulus Package, we would have gone into another Great Depression. The Stimulus Package had to happen. In fact, economists at the time said, it needed to be bigger. Obama wanted it bigger as he and economists knew that it would have increased job growth quicker, but unfortunately republicans opposed this concept, so the newly elected President, compromised with Republicans on a smaller Stimulus Package.
I, as well as most economists, believe that we would have been in a much better place right now, if republicans stopped playing politics and instead listened to the experts and agreed to a bigger Stimulus.
The fact of the matter is President Obama has cut the deficit by 22 percent as of right now. It is projected to be cut by 35 percent by the end of 2013.
Also, President Obama has actually the lowest spending rate of any President since 1982. So spending is not out of control when it comes to President Obama.
Just to put things into perspective, The Bush deficit is over five times larger than Obama’s and the government now has 273,000 fewer employees than it did under Reagan.
So let’s sum up.
- President Obama has economists on his side for having a better plan than Mitt Romney’s.
- There has been significant improvement in job creation and the US GDP.
- Efforts made by Republicans (intentionally or unintentionally) only helped slow down economic progress.
- President Obama saved the automobile industry, which was not popular at the time, but proved to be the right move.
- President Obama kept us from going off the cliff and heading into another Great Depression.
- President Obama has done all of this, while at the same time, cutting the deficit by 22%.
I actually find President Obama’s economic record pretty remarkable considering all the obstacles he had to overcome and how big of a mess he was given to fix only 4 years ago. You should be thanking him today by casting your vote for President Barack Obama.