You Won't Believe These Suez Canal Conspiracies
3 years ago
Following issues and politics in St. Louis area from the retired "Steelworker" view. Politics will be the main theme, but news of the group and Steelworkers will also be followed.
Mitt Romney is optimistic about optimism. In fact, it's pretty much all he's got. And that fact should make you very pessimistic about his chances of leading an economic recovery. As many people have noticed, Romney's five-point "economic plan" is very nearly substance-free. It vaguely suggests that he will pursue the same goals Republicans always pursue — weaker environmental protection, lower taxes on the wealthy. But it offers neither specifics nor any indication why returning to George W. Bush's policies would cure a slump that began on Bush's watch. In his meeting with donors in Boca Raton, Fla., however, Romney revealed his real plan, which is to rely on magic. "My own view is," he declared, "if we win on Nov. 6, 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." Are you feeling reassured? In fairness to Romney, his assertion that electing him would spontaneously spark an economic boom is consistent with his party's current economic dogma. Republican leaders have long insisted that the main thing holding the economy back is the "uncertainty" created by President Barack Obama's statements — roughly speaking, that businesspeople aren't investing because Obama has hurt their feelings. If you believe that, it makes sense to argue that changing presidents would, all by itself, cause an economic revival. |
Paul: You are arguing that the government sector is struggling. Are you arguing that there are fewer government employees under Obama than they were under Bush?Krugman: That's a fact.(Crosstalk)PAUL: No, the size of both...of government is enormous under President Obama.Krugman: If government employment had grown as fast under Obama as it did under Bush, we would have a million-and-a-half more people employed right now, directly.