Paul Krugman- Rmoney's Awesome Awesomeness Plan!
Understanding Romneynomics
I’ve been delving a bit into what the Romney campaign and its economist fellow-travelers have been saying, and I think I have figured out the true economic doctrine Romney and his inner circle have in mind. It is, needless to say, not what the campaign has claimed.
The official line has been that the five-point program will create scads of jobs. This has a couple of problems. First, the program is vacuous — for the most part it’s a statement of desired outcomes, not policies. Second, as Glenn Kessler points out, the studies claimed as justification for the 12-million jobs number actually don’t say at all what the campaign asserts.
...
So the Romney campaign is lying about the rationale for its boasts about jobs. But what’s the real story?
The answer is actually pretty clear: CONFIDENCE. The Romney notion is that we’d be having a rip-roaring recovery right now, except that Job Creators feel that Obama is looking at them funny. And so all Romney has to do is show up, and happy times will be here again. No, seriously: in Boca Raton Romney declared that simply by being elected he could start a boom, “without actually doing anything”.
So there you have it. The true plan is to provide an economic stimulus in the form of Romney’s awesome awesomeness; the cover story is the pretense of having an actual program.
Are you feeling confident?
http://krugman.blogs.nytimes.com/2012/10/18/understanding-romneynomics/
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more than his fill of Willard. He flat out calls Mittsy a liar in that column. He has obviously reached what I call the Popeye Point: "I've had all I can stands and I can't stands no more!"
