I’m reading this week’s Bloomberg Businessweek and there on page 38 is Charlie Rose’s interview with Mitt Romney. He says, “The President’s plan is another short-term stimulus effort, akin to throwing a cup of gasoline on embers.”
In the interview, he makes some good points – he states that businesses hire because there is demand. He recognizes that our wages are stagnate. I give him credit for that. However; like the rest of the GOP, he wants to see more tax cuts for the wealthy. His job plan on his website states, “His plan seeks to reduce taxes, spending, regulation, and government programs.”
Don’t you just love that? Reduce taxes – taxes are the lowest they’ve been since the 1950’s. Guess what This isn’t all about the taxes. Reduce Spending – what spending? The spending that keeps our schools open and our military protecting us? Reduce Regulation – Interesting, but which regulations? We threw out the Seagall – Glass Act, which kept out financial markets safe for over sixty years. Regulations are not the enemy – bad corporate decisions are.
In short, Mitt Romney may have a greater clue than the rest of the Republican Pack, but he still has a long way to go.