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The 1% has done super the last few years. It would indeed be impressive if Romney could have done even more for them. That would be setting the bar pretty high.
The blind partisans will never learn. They will keep pressing the buttons next to the D or R.
ObamaCare waivers that Romney promised would alone have made a huge difference. 77% of jobs created this year are part time. Only 43.6 percent of 18-29 year olds have full time jobs.
Willard likely would've been a disaster ... possibly even an epic disaster like our latest businessman prez, GWB...
Well, during most years that George Bush was president, the economy was doing considerably better than it has during the last 5 years (since 2008). The unemployment rate was lower, GDP growth was higher, the stock market was going higher and the national debt was lower (but growing too rapidly nonetheless). So, I'm not so sure about this.
In my book, the U.S. economy is improving gradually and doing better than it was 4 or 5 years ago. The stock market has had an especially good run, thankfully. However, the economy is still far from doing great - as the unemployment rate is still 7.4%, the GDP growth is small and the national debt is very high and rising.
If Mitt Romney were president, do you think he would have been able to use his decades of business skills and knowledge to bring more positive numbers in the U.S. economy by now and going forward? What, if anything, could he have done differently?
Business skills are certainly important for job creation. But that wasn't the problem in 2008. In 2008 there was a sudden and drastic reduction in general economic demands as consumer spending tanked. So first we needed more money in the middle class pockets. That demand had to first be recreated before businesses will grow and expand. Central money creation has always been good for business:
Romney would have helped more with the expectation of job creation which is important, but probably would have pushed for less central supports, which are a key part in augmenting our consumers, and then businesses pockets. Secondly there is the issue of taxation, which removes money from pockets. Payroll taxes should have been eliminated in 2008. A Romney probably would have done better with taxes assisting the middle class more on this side.
On balance I give an edge to Obama. I think his blunder on the tax side has been more than offset by central supports.
In fact the loss in GDP from the tax blunder about equals the loss from sequestration, which is small compared to over central stimulus.
In my book, the U.S. economy is improving gradually and doing better than it was 4 or 5 years ago. The stock market has had an especially good run, thankfully. However, the economy is still far from doing great - as the unemployment rate is still 7.4%, the GDP growth is small and the national debt is very high and rising.
If Mitt Romney were president, do you think he would have been able to use his decades of business skills and knowledge to bring more positive numbers in the U.S. economy by now and going forward? What, if anything, could he have done differently?
Yes. I think that businesses would have more faith in the government and be more willing to hire and expand. They're still holding back waiting for the other shoe to drop and that is leaving many people unable to find work. Businesses hire and expand when they feel they have faith in the economy. Obummer has failed to gain their trust.
In my book, the U.S. economy is improving gradually and doing better than it was 4 or 5 years ago. The stock market has had an especially good run, thankfully. However, the economy is still far from doing great - as the unemployment rate is still 7.4%, the GDP growth is small and the national debt is very high and rising.
If Mitt Romney were president, do you think he would have been able to use his decades of business skills and knowledge to bring more positive numbers in the U.S. economy by now and going forward? What, if anything, could he have done differently?
No, I think we would be in the same situation as we are now, and he'd be taking credit for the improving housing and stock markets. The dem senate would oppose whatever he had tried to do, just like the GOP house opposes Obama. The only significant idea he had was to reduce corporate tax, while cutting loopholes, but that idea was rejected by his own party when Obama suggested the same, so even that would have died on his desk.
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Quote:
Originally Posted by Ivorytickler
Yes. I think that businesses would have more faith in the government and be more willing to hire and expand. They're still holding back waiting for the other shoe to drop and that is leaving many people unable to find work. Businesses hire and expand when they feel they have faith in the economy. Obummer has failed to gain their trust.
Gain their trust? Or failed to give them carte blanche to do whatever they please?
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