Mitt Romney -- whaddaya think???

[Ben]

When Romney Messes Up and Tells the Truth About Austerity:

http://neweconomicperspectives.org/2...austerity.html

[broncofan]

Good article Ben. Austerity is exactly what is exacerbating the recession in a lot of European countries. It depresses demand, resulting in layoffs and lower GDP. It will be interesting to see how Mitt Romney balances common sense about what fiscal policy we should use to get us out of a recession and the Republican hardline about balanced budgets. I don't know how we can balance the budget if we allow our economy to collapse.

[robertlouis]

Good article Ben. Austerity is exactly what is exacerbating the recession in a lot of European countries. It depresses demand, resulting in layoffs and lower GDP. It will be interesting to see how Mitt Romney balances common sense about what fiscal policy we should use to get us out of a recession and the Republican hardline about balanced budgets. I don't know how we can balance the budget if we allow our economy to collapse.

......which is the downward spiral that the vulnerable Eurozone economies are in, because austerity as a single policy eliminates consumer confidence, reduces tax receipts and stifles growth. The US with its government driven stimulus is just about the only G8 country that has shown any worthwhile signs of recovery, no matter how weak and inconsistent they have been. I despair of the closed minds of our PM and his chancellor with their insistence that their way is the only way when all they are doing is driving us in the UK ever closer to a lengthy and uncertain recession.

And their approach is pretty much what Romney and the Republicans are recommending. You've been warned.

[broncofan]

......which is the downward spiral that the vulnerable Eurozone economies are in, because austerity as a single policy eliminates consumer confidence, reduces tax receipts and stifles growth. The US with its government driven stimulus is just about the only G8 country that has shown any worthwhile signs of recovery, no matter how weak and inconsistent they have been. I despair of the closed minds of our PM and his chancellor with their insistence that their way is the only way when all they are doing is driving us in the UK ever closer to a lengthy and uncertain recession.

And their approach is pretty much what Romney and the Republicans are recommending. You've been warned.

I agree with everything you say. And you touch on all the sound reasons that is the case. Yet it seems politically safer to do nothing. Our economic failures had everything to do with bad lending regulation, securitization of loans, irresponsible ratings agencies. The world is not in a recession because of sovereign debt, but rather that is the result of unsound banking practices.

Yet I'm afraid it's tough to sell the neo-keynesian argument of how to deal with recession.

[Ben]

Good article Ben. Austerity is exactly what is exacerbating the recession in a lot of European countries. It depresses demand, resulting in layoffs and lower GDP. It will be interesting to see how Mitt Romney balances common sense about what fiscal policy we should use to get us out of a recession and the Republican hardline about balanced budgets. I don't know how we can balance the budget if we allow our economy to collapse.

Broncofan, you should enjoy this:

[Ben]

Does Mitt Romney Understand Economics?

The GOP frontrunner's comments about Bain Capital suggest a shallow understanding of basic economics.

http://reason.com/archives/2012/05/3...tand-economics

[Ben]

Bilderberg 2012: were Mitt Romney and Bill Gates there?

Another conference over. Charlie Skelton talks to some of the 800 activists outside the gates to find out what they learned:
(This sorta borders on conspiracy kookiness but what the hell... ha ha! )

http://www.guardian.co.uk/world/us-n...?newsfeed=true

[robertlouis]

Bilderberg 2012: were Mitt Romney and Bill Gates there?

Another conference over. Charlie Skelton talks to some of the 800 activists outside the gates to find out what they learned:
(This sorta borders on conspiracy kookiness but what the hell... ha ha! )

I was staying at the Bilderberg Hotel in Amsterdam around ten years ago when big guys in dark glasses and suits arrived and we were all moved immediately - almost like a forced evacuation - to other hotels nearby. The Bilderberg conference was in town. I don't know if it always happens like that, but I'll always remember the arrogance and fuck you attitude both of those attending and their minions.

[Prospero]

It's what power does Robert. i was in Beijing and took time out from work to visit the Forbidden City. A Chinese VIP arrived with guys in dark suits and dark glasses and they literally pushed tourists out of the way to allow their VIP through.

[Ben]