Tuesday, September 4, 2012

Meet the new boss, same as the old

[So on August 30th, 2012, with unemployment at 8.3 percent and with a serious long-term unemployment problem, Mitt Romney gives the RNC acceptance speech. He outlines a plan to create 12 million jobs in the next four years. As Jared Bernstein pointed out, that’s what Moody’s says will be created anyway. But forget that. How will Mitt Romney do this? He has a five point plan (numbers in [brackets] here and in the rest of the post are added by me)....

So his plan focuses on domestic energy production, school choice, trade agreements, cutting spending, and reducing taxes and regulations. This must be a set of priorities reflecting our terrifying moment of mass unemployment, right?

Let’s flash back to September 4th, 2008, at the RNC where John McCain is giving his speech accepting the 2008 Republican presidential nomination. Unemployment is 6.1 percent, though the Great Moderation is coming to an end; within a year it’ll be close to 10 percent. Two weeks later, as Lehman Brothers was collapsing, McCain would say ”the fundamentals of our economy are strong.” What were his recommendations for the economy in that nomination speech?...

It’s the same exact agenda. Specifically, the Romney agenda for job creation in 2012 is stuff that John McCain wanted to do anyway in 2008.]
http://www.salon.com/2012/09/02/new_gop_plan_same_as_old_gop_plan/

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