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.
Today is Tuesday and time for this week’s episode of the, Disposition Matrix, Adam. Yes the MIC will continue their economic vacuuming of all US resources needed for the general welfare of the PEOPLE of this country. Glad you are so happy about $.47 cents of every dollar going there in the great economic plan you tout. Helps us make a lot of friends world-wide too, doesn’t it?
http://www.commondreams.org/headline/2012/10/24-11
http://rt.com/usa/news/disposition-matrix-kill-obama-146/
http://www.motherjones.com/kevin-drum/2012/10/disposition-matrix
Whatever public resources might get past the MIC will get sucked up by multinational corporations running rip shod over US environmental and labor laws with the secret treaty to tear down what’s left of the US democratic republic to continue forcing a tailspin into third world status, oh, except for the oligarchs.
dog save us.
https://www.eff.org/issues/tpp
http://www.salon.com/2012/10/23/everything_you_wanted_to_know_about_the_trans_pacific_partnership/
http://www.citizen.org/more-about-trans-pacific-partnership-agreement
Were you just removing your foot or getting ready to fit it in there. A little too cold to be catching flies though, heh? Might want to close it and do a little reading before you vote next time.
When did I ever say I was happy with where the economy was? I am not at all. But considering the obstacles that were put in his way, I think he did a good job. Also considering the majority of economists agree with Obama’s plan over Romney’s, your foot is in your mouth.
Either way, the President was just reelected…so I’m going to stop typing now.
Morning Adam,
Glad to hear you don’t think that the job of repairing our democratic republic is done. Looks like we are going to be severely challenged very quickly starting at the state level again, right away. But somehow my simple relaying of further facts apparently missed in your previous personal reading is somehow grounds to criticize me.
Considering all those, “obstacles, put in his way,” which ones exactly? His appointment of Geithner (and the ensuing $4.3 Trillion WStreet bailout provided by the middle class taxpayer), or Rahm (privatize everything) Emanuel throwing progressives and Howard Dean immediately under the bus after providing the organization to elect him, his tacit approval and proceeding with Keystone XL, collusion in covering up the Gulf oil spill, guaranteeing insurance providers a legally mandated, under penalty of prosecution, an expanded health insurance policy market while spewing single-payer lies for a month after the fact, appointing Holder to refuse to prosecute one single wall street fraud action, still. How about refusing to use a Democratic majority in Congress for almost two years to pass one single progressive action promised in his campaign, those obstacles? Harry Reid failing to call the Republican filibuster bluffing even once and never a word from the White House to even try to do so? I’ll stop for now, work to do, today besides this work of taking the blinders of hopefully some of the electorate.
So I’ve given you a hint for a few more “obstacles,” to be considering that have been actually put before us by Obama. The ones that I am guessing you would cite as those he had to overcome, are the ones that were nothing more to Obama than road signs to follow in continuing the Bush Doctrine full tilt, boogie. I hope this information helps you figure that out and figure out what still needs to be fixed.