Ahh, I'll put back the the word you've naughtily left out. For "America". By which I mean not for Americans individually but for national wealth only. I think the country would have been in a better financial position in four years time but the majority of Americans would have been worse off. My personal viewpoint is that America is too right wing but that right wing policies in general are more likely to bring about speedier recovery, albeit at the expense of the majority of individuals.
Under Obama, I still think you'll be better off in four years (than you are now) but I also think individuals will be better off. I know that sounds like a win-win and nobody would ever argue the alternative but a two party system always acts with one party as an engine and the other a rudder. Without that, you either go nowhere or you go too far in one direction.
Oh, ok. I thought you meant he would be good economically in general, and I was like "Girl, what the fuck are you on about?"
I really doubt he would've been good for America financially, though. He wanted to reinstate the Bush tax cuts as well as creating new ones (which would reduce federal revenue by about $240 billion MORE than the Bush tax cuts). He also wanted to significantly increase military spending, which is already an absurdly huge part of the budget.
Oh. God no. Tax cuts do tend to stimulate economies by giving people more disposable income. That's the theory, at least. It was tried here and I doubt anyone would call it a success.
You could also argue that military spending stimulates an economy because it's an increase in production and labour. However, when it's being spent on something that just sits around until there's a war (as opposed to being a link in the chain or circle of production), I think that point is moot.
Tax cuts on the rich don't really stimulate the economy though. From what I've read, Romney subscribes to Reaganomics, despite the fact that the world works differently from that.
Is it normal I feel really bad for Mitt Romney?
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How do you figure Romney might've been good financially?
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dappled
10 years ago
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Ahh, I'll put back the the word you've naughtily left out. For "America". By which I mean not for Americans individually but for national wealth only. I think the country would have been in a better financial position in four years time but the majority of Americans would have been worse off. My personal viewpoint is that America is too right wing but that right wing policies in general are more likely to bring about speedier recovery, albeit at the expense of the majority of individuals.
Under Obama, I still think you'll be better off in four years (than you are now) but I also think individuals will be better off. I know that sounds like a win-win and nobody would ever argue the alternative but a two party system always acts with one party as an engine and the other a rudder. Without that, you either go nowhere or you go too far in one direction.
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bunnygirl
10 years ago
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VioletTrees
10 years ago
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I think you have a really great view on politics! Run for president lol
Oh, ok. I thought you meant he would be good economically in general, and I was like "Girl, what the fuck are you on about?"
I really doubt he would've been good for America financially, though. He wanted to reinstate the Bush tax cuts as well as creating new ones (which would reduce federal revenue by about $240 billion MORE than the Bush tax cuts). He also wanted to significantly increase military spending, which is already an absurdly huge part of the budget.
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dappled
10 years ago
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Oh. God no. Tax cuts do tend to stimulate economies by giving people more disposable income. That's the theory, at least. It was tried here and I doubt anyone would call it a success.
You could also argue that military spending stimulates an economy because it's an increase in production and labour. However, when it's being spent on something that just sits around until there's a war (as opposed to being a link in the chain or circle of production), I think that point is moot.
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VioletTrees
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Tax cuts on the rich don't really stimulate the economy though. From what I've read, Romney subscribes to Reaganomics, despite the fact that the world works differently from that.