Besides the flawed and mistaken comments he made about the "47%", y'know the entitled moochers who take and don't make, his completely hopeless position on mid-east peace - nevermind the Peace Treaty Jimmy Carter arranged with Israel and Egypt, or the Peace Treaty President Clinton arranged between Arafat and Perez - there is one thing in his little screed that actually was fully and completely true.
If Romney were to Win the Election, the GOP Congress and the Butt-Hurt "Job Creators" would finally release their Death Grip on the Economic Emergency Brake.
They'll probably be looking at what the polls are saying. If it looks like I'm going to win, the markets will be happy. If it looks like the president's going to win, the markets should not be terribly happy. It depends of course which markets you're talking about, which types of commodities and so forth, but my own view is that if we win on November 6th, there will be a great deal of optimism about the future of this country. We'll see capital come back and we'll see—without actually doing anything—we'll actually get a boost in the economy. If the president gets reelected, I don't know what will happen. I can—I can never predict what the markets will do. Sometimes it does the exact opposite of what I would have expected. But my own view is that if we get a "Taxageddon," as they call it, January 1st, with this president, and with a Congress that can't work together, it's—it really is frightening.
Yeah, he has a point. If Romney wins - the
Great Gates of Suck will be thrown wide open.
Mitch McConnell: What can Americans expect from Republicans? Some people have said that it was indelicate of me to suggest that our top political priority over the next two years would should be to deny President Obama a second term. But the fact is if our primary legislative goals are to repeal and replace the Health Spending Bill, to End the Bailouts, Cut Spending and shrink the size and scope of government the only way do all of these things is to put someone in the Whitehouse who won't Veto any of these things
Sharpton: The Night of the inauguration there was a group of Republicans, you among them, that was committed to the defeat of President Obama.
...
The plan was to show unyielding opposition to the President economic policies.
Gingrich: It was an important meeting and I was glad and honored to be part of it.
Limbaugh: Or course I want Barack Obama to Fail.
They made the decision to
Sabotage the Country in order to torpedo this Presidency. That was the Mission. That was the Goal. That was the Plan.
And it wasn't just Republicans in Congress.
U.S. Corporations have been massively profitable during the last 4 years.
http://hope.journ.wwu.edu/...
Corporate taxes as a percentage of the U.S. Gross Domestic Product decreased from 7.2% in 1945 to 1.3% in 2010 -- while profits increased from nearly nothing in 1945 to $1.8 trillion in 2010. At the same time individuals paid a 42.3% share of tax revenue in 2010 while corporation paid 7.2% -- source, Seattle Times, Feb. 23, 2012.
Wells Fargo, At&T, Verizon, General Electric, IBM, Exxon Mobile and Boeing together got tax breaks totaling just under $70 billion between 2008 and 2010, the Seattle Times reported on Feb. 23, 2012.
Some superwealthy lashed out at protests against the greed of the richest 1% -- saying the protesters were imbeciles and calling rules that require companies to disclose the ratio of pay between CEOs and employees "insane," according to the Dec. 21, 2011 Seattle Times, which noted that average U.S. household income increased 62% between 1969 and 2007 -- but income for the top 1% rose more than 300%.
Compensation in fiscal year 2010 for American CEOs increased by a median 27%, according to the Los Angeles Times. CEOs from the S&P 500 took a median 36.5% increase in compensation, the Times said, citing the ninth annual report from the research group GMI.
Paul Krugman noted in November 2011 that all American redistribution of income away from the bottom 80% has gone to the highest-income 1% -- and that a report looking only through 2005 found that almost two-thirds of the rising share of top 1% income went to the top 0.1% (the richests one-thousandth), who saw their income rise more than 400% from 1979 to 2005.
Krugman added that the top 0.1% is not heroic entrepreneurs -- instead, corporate executives, executives in nonfinancial companies (Wall Street executives), lawyers and real estate kings.
These corporations are sitting on over $4.5 Trillion in cash
as if it were going to hatch. They
aren't doing anything with all that money. It's just
parked. Waiting.
If Romney were to win Congress would finally begin to get in gear and get something done. All of that parked money would be unleashed and begin to flow back into the economy.
The problem though is that it would all be Going The Wrong Direction. It would be deployed to further increase the wealth of the already wealthy, not to re-invigorate the middle class. Not to help students get a great education. Not to help individuals in need of jobs, food, housing or health care to get it.
Romney is correct to admit he doesn't know what might happen if President Obama is re-elected. He doesn't know if the Republicans will finally end their frantic temper tantrum and start working toward helping the country, rather than helping their party. He doesn't know if the "job creators" will actually start create some bloody jobs.
I don't know either, but I'll tell you one thing - I rather take the chance and find out than let Republicans disembowel, fold, spindle and mutilate the safety net for the 47%. I rather take the chance than see Social Security and Medicare gutted and privatized, Food and Housing subsidies decimated while CEO and Hedge fund managers get bigger and bigger tax breaks with no public or social benefit and the deficit explodes like a super caldera.
It's worth the risk.
Vyan