Romney: Spending cuts slow economic growth

Well, this about wraps it up for Mitt Romney:

http://firstread.msnbc.msn.com/_news/2012/02/21/10469786-romney-spending-cuts-slow-economic-growth

This guy just can't stay on message to save his life. I wonder if Santorum and Gingrich are going to hit him on this at tomorrow night's debate.

 

Romney's a Democrat moron in disguise and won't get the nomination so what's your point?

 

He's the establishment's candidate. If Romney goes down in flames, the entire GOP ticket in 2012 goes with him.

 

He just lost the nomination.

 

hes a sellout.

 

He is saying that if you cut spending, you need to implement tax policy that essentially serves as a discretionary stabilizer. He is actually spot on in his statements. From a Keynesian perspective, spending cuts are a contractionary fiscal policy. They are usually utilized during an expansion. The problem is that we are in an economic downturn. Keynes recommends that you implement expansionary fiscal policy to close a recessionary gap/alleviate an economic downturn. A "pro-growth tax policy" obviously implies tax cuts. Depending on the effect and scope of the tax cuts Romney wants to implement, they can completely counteract the detrimental effects of the spending cuts, or yield a positive result in alleviating the current economic hardship. All this shows is that Romney looks at conservative economic policies from a Keynesian perspective, even if he doesn't know it.

 

Obama should fire Biden and pick up Romney for his VP.

 

..but...but...but I thought he was severely Conservative?

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Four weeks from now, no one will remember the Maine caucuses. I'm guessing though that people will remember a phrase from Romney's speech to CPAC on Friday, in which he described himself as a "severely conservative" governor of Massachusetts.

That phrase provides the Obama campaign with the second half of a potentially powerful negative ad. The first half is contained in this video clip from Romney's 2002 campaign for governor. (clip at link)

In the 2002 clip, Romney tells a reporter:

"I think people recognize that I'm not a partisan Republican, that I'm someone who is moderate, and my views are progressive."

http://www.cnn.com/2012/02/13/opinion/frum-romney-moves/index.html

 

Hey, Romney may not increase taxes or spending, but he will have the Keynesian economic perspective that Obama (incorrectly) forwards.

 

This is why so many republicans have been looking for anyone other than Romney.

 

He might as well...

 

Romney's statement, outside of possible undesirable moral intent is rather harmless.

 

I doubt that, but keep believing it if it makes you feel better.

 

Omg if newt and Santorum don't run with this they are just saving it for Obama to do lol

 

The thing is Romney's statement is economically legitimate. He is simply taking a Keynesian perspective on the Conservative method of economic growth. I do not see anything wrong with his assessment. It is the liberal media, the far right, and the President that will have a field day with this comment morally speaking. However, this is not a gaffe nor a logical fallacy, it is simply Mitt Romney riding the intellectual slope that neither side of the political spectrum prefers. He is the elitist, and that is gradually giving him a bad reputation.

 

Agree but it's a big contradiction from his past position and his party's position

 

When has Mitt Romney not contradicted himself? Furthermore, when has a politician not contradicted himself/herself? It is inevitable. Even Ron Paul has contradicted a previous position before. He did a complete one-eighty on the death penalty a couple years ago, and has stuck with that position ever since. Humans are flawed, and politicians are inherently two-faced or multi-faced.

 

It's his first left sounding flip flop of the campaign...and I figured that wouldn't start until he got the nomination

 

Not a big surprise from my perspective. Mitt Romney should not be scrutinized for an intellectually legitimate statement. However, like I said, the liberal media, the far right, and the President will be able to have a field day with this statement.

 

Except his party's position is intellectually illigetimate....

 

Hey, I have no problem with what Mitt is saying.

His conservative base on the other hand.....

 

Of course you have no problem spending more then we have...... What could possible go wrong?

< Hint.... Look at Greece>

 

Yeah, that's why ever major western government in the world is embracing austerity with open arms except us.

Because our position is "intellectually illegitimate."

Doesn't seem that the EU agrees with you, after all they are performing coups on socialist Governments and appointing people to ensure Austerity goes through despite riots and every other social consequence.

 

Lol tell it to Romney, your nominee doesn't know RW economics 101

 

Economics is not a science.

There is no single correct answer to most economic questions the way there is if you ask at what temp does pure water freeze.

I disagree with Romney because in the long run these huge budget deficits are going hurt our economy.

But in the short run balancing the budget may slow the economy some.