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Subscribe to RSS“Another round of monetary stimulus from the Federal Reserve is not the way to grow the economy, Mitt Romney said in an interview that aired Sunday,” the Boston Globe writes. “Instead, the presumptive Republican presidential nominee said on CNN’s ‘State of the Union,’ ‘it is the time to create the incentives and the opportunities for entrepreneurs -- businesses big and small -- to hire more people, and that is going to happen. You are going to see that happen in this country but not under this president.’”
More from Romney: “I think the Fed’s first action in quantitative easing was effective, to a certain degree. But I believe that QE2, the second round of easing -- I don’t think it had the impact they were hoping for,” Romney said of a $600 billion stimulus between November 2010 and June 2011. … I am sure the Fed is watching and will try to encourage the economy,” Romney added. “But I don’t think a massive new QE3 is going to help this economy.”
“When Democrats announced that their 2012 platform would include a historic first — gay marriage written in as a plank — the reaction from mainstream Republicans was near silence,” Politico writes, adding that the “quiet from party leaders would have been unimaginable even four years ago, when public opinion hadn’t yet shifted so rapidly on a signature social issue. And it marks a dramatic change among some of the top Republican donors and opinion-makers, who are supporting same-sex marriage in state-based gay legislative and legal fights, even as the official GOP platform will remain centered on traditional marriage.”
“Mitt Romney skipped Italy on his swing through Europe. That was probably prudent,” Bloomberg writes. “That’s because Bain Capital, under Romney as chief executive officer, made about $1 billion in a leveraged buyout 12 years ago that remains controversial in Italy to this day. Bain was part of a group that bought a telephone-directory company from the Italian government and then sold it about two years later, at the peak of the technology bubble, for about 25 times what it paid.”
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Mitt - you and your buddies have the means to up this economy and create lot of jobs - just try using your big tax breaks to create them, it is the reason I thought you were given the big freebie to begin with. However, just like the rest of your party, you are too greedy to care about the economy of your country, especially if it should entail a plan to help the American worker and the working/middle class which you have been on a tangent to destroy for decades.
The FED and most economists have learned that the only thing which will get the economy growing stronger is demand. There is more than an ample supply of money available for borrowing. Companies are not borrowing because there is no demand. Cutting the tax rates at the top of the scale will not increase demand. The only thing which will increase demand is to put more money into the hands of consumers.
I don't know how to do that without increasing taxes or the debt. Since the GOP and Tea Party are against both, they will not help to resolve this economic stall.
We could cut their taxes to zero and they still would not hire. They hire in China because labor is the largest budget item and the labor cost in China is 1/10th of what it is here. They will not be happy until we are just like China - slave labor, no regulations, no HR departments to worry about, no employee safety concerns ...
Business in no longer concerned about patriotism and putting Americans to work. Reagan would not have stood for doing so much business with a communist country, but then again he would be considered a RINO these days and no one would pay attention to him.
Business is in love with communism because they control labor costs and treat workers with distain.
Please send this clown back to whatever country he is keeping most of his money - we know it's not the US. He is an idiot beyond comprehension.
Obama/Biden 2012
Aw Rummey, there you go again. Spouting out crap every time you open your pie hole. Will it ever cease? Doubtful! You did have one thing right, there will not be much hiring under this President. You and your cronies have made sure of that! With the efforts of the GOP/TP, and yourself, you have conspired to kill this economy, this President, and every middle class worker you could, and lets not forget the rest of us Americans. What a bunch of sh1ts this do nothing congress has been! I wonder, how much lower will they go, when they come back from this taxpayer paid holliday? Can they get any lower? Hhmmmm???
One thing for sure, i will never vote for any repukelican ever again! I regret like hell, my decision to vote for Raygun! Raygun was the one to set precident for the repukelicans to kill off America! And boy howdy, have they! If there is a box on the ballot to fire them all, i will check that box for sure. I hope everyone else will also. What a bunch of anti women, anti worker, anti American these Repukelicans are! Fire them all! And start with McConnell, and Bonehead, then Ryan, and all the rest.
I'm voting this year to save my life, i am voting straight Democrat!!
OBAMA/BIDEN 2012 TO SAVE AMERICA!!!
If the few remaining people who have a job are given a tax break and have more cash they will SPEND IT!! They will buy washing machines and computers and tires and maybe even take the family out to dinner. The money will flow from pocket to pocket, creating DEMAND as it goes, and when those who manufacture washing machines or operate restaurants have DEMAND they will HIRE and when someone is hired that creates a....what??? a JOB!!
That is how you create jobs. The so-called "job-creators" seem to think that they create jobs by parking their tax savings in a bank account for their children to inherit.
There is no way this is a serious article. He makes valid economical points, and the writer comes back with something about gay marriage and then ends with Bain in Italy. Stunning