Romney: Fed should steer clear of new stimulus
Mitt Romney campaigns at McCandless Trucking in North Las Vegas, Nev., Friday, Aug. 3. / AP Photo/Charles Dharapak
(AP) WASHINGTON - Mitt Romney says the Federal Reserve shouldn't use new stimulus measures to boost the still-sluggish economy.
The Republican presidential hopeful says he doesn't think another round of stimulus would help the economy, arguing that previous measures didn't work.
Romney tells CNN's "State of the Union" in an interview scheduled to air Sunday morning that business incentives are preferable to more government intervention.
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The Fed held off last week on taking further action to boost economic growth, but indicated those measures could be announced in the near future. The Fed also opted to keep interest rates near zero in an attempt to keep borrowing costs low.
Romney also doubled down on his vow to create 12 million new jobs during his first term, calling that goal realistic and achievable.
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"Go to the Romney website. Everthing is explained or linked there in the minutest of detail".
LOL! There is nothing by willard romney that is explained in detail!
Fact is, romney said repeatedly this past week that his economic policies would create 12 million jobs in his first term. Pushed to explain HOW, romney said in the interview, "That's what happens in a normal process." "When you come out the kind of recession we've had you should see this kind of job creation," he said.
What an ignorant politician willard romney actually is, since NONE of the post-WWII recessions were even remotely like this one!
In every other post-WWII recession, construction/housing led the recovery, but obviously, with record foreclosures and millions of homeowners underwater in their mortgages, construction is DEAD!
Even a 5th grader can easily understand why willard romney is clueless and an absolute moron when it comes to our economy, and proposing more of the same failed GOP economic policies that we saw in the past decade under bush, will only grow the deficits and debt without creating any private-sector jobs he promises!
The former Massachusetts governor so far has been slow to release specifics for his economic plans. He repeated his opposition to Obama's tax plan that would preserve tax cuts passed in the George W. Bush era for all Americans but those who earn more than $250,000.
Romney would preserve the tax cuts for everyone, although he has not detailed how he would pay for the plan.
Again -- nothing SPECIFIC or DETAILED for anything, and I certainly like this from willard:
"I can absolutely make the case that now is the time for something dramatic, but I don't know WHAT".
Of course you don't know WHAT about anything! Absolute MORON!
"The most broken promises were made by Barack Obama who hasd not carried through on a single significant promise of his first campaign"
YOU LIE!
Obama's main platform in 2008, which was supported by the vast majority of Americans, was health care reform, which was passed by Congress, signed by the President, and decided by the right-wing SCOTUS as Constitutional, despite the whining by every single republican -- even those without health care or decent health care!
"Go to the Romney website. Everthing is explained or linked there in the minutest of detail".
7_luckyseven August 5, 2012 3:58 PM EDT
"It is from a policy paper jointly authored by economists from Harvard, Stanford, Columbia and the Enterprise institute".
No it's not, since willard romney has absolutely no details or specifics on anything, much less how he's going to create 12 million jobs in a first term (that's 250,000 jobs per month for 48 months), or exactly WHERE those jobs would be created.
This outrageous claim actually came from an op-ed in the WSJ written by a willard romney adviser,
From the op-ed:
"When bolstered by sound trade, education, energy and monetary policy, the romney reform program is expected by the governor's economic advisers to increase GDP growth by between 0.5% and 1% per year over the next decade. It should also speed up the current recovery, enabling the private sector to create 200,000 to 300,000 jobs per month, or about 12 million new jobs in a romney first term, and millions more after that due to the plan's long-run growth effects".
LOL! This is just as amazing as the mormon cultist's golden plates that joseph smith translated and wrote into his book for morons!
And it's just as detail-free as everything else that comes from mitt!
It's no different in the least, except maybe even more skewed towards the wealthiest Americans according the TPC analysis, and that same republican economic policy gave us an average economic growth rate of a mere 1.7% and a net-zero, private-sector job creation rate!
This is even more political B.S. than hiding his taxes from Americans!
We know how well that worked, and not only did it give us an average economic growth rate of a mere 1.7%, and a net-zero private-sector job creation rate, but gave us the Great Recession after the housing boom burst! LOL!
Case in point, the Senate republicans blocked the "Bring Jobs Home" Senate Bill 3364 just last week!
"Yes! He did say he would create those jobs here in the U.S."
No, willard NEVER stipulated WHERE those jobs would be created!
Better yet, just to get to 12 million in the first term, romney would have to create 250,000 jobs each and every single one of his 48 months in office. He says he's going to do that by cutting regulations and by cutting taxes, but that's just more of the same the republicans gave us under bush -- which gave us an average 1.7% economic growth rate and a net-zero private-sector job creation rate!
Besides, the United States has never had even 12-straight months where job creation was above a quarter million a month, let alone 48-straight months! NEVER! And now, in this global economy, nobody has a magic wand (maybe some magic panties) to create that many jobs!