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Mitt Romney’s 5 Point Plan is the Same Plan as McCain in ’08 and Bush in ’04
Mitt Romney’s 5 point plan to create jobs was John McCain’s 5 point plan in 2008, and George W. Bush’s 2004. In reality, voters are voting for Bush’s economic ideas, not Romney’s. Here is Romney’s 5 point plan: 1). Achieve energy independence on this continent by 2020. America is blessed with extraordinary natural resources, and developing them will create millions of good jobs – not only in the energy industry, but also in industries like manufacturing that will benefit from more energy at lower prices. 2). Trade that works for America. 3). Provide Americans with the skills to succeed through better public schools, better access to higher education, and better retraining programs that help to match unemployed workers with real-world job opportunities. 4). Cut the deficit, reducing the size of government and getting the national debt under control so that America remains a place where businesses want to open up shop and hire. 5). Champion small business. Small businesses are the engine of job creation in this country, but they will struggle to succeed if taxes and regulations are too burdensome or if a government in Washington does its best to stifle them. Mitt will pursue comprehensive tax reform that lowers tax rates for all Americans, and he will cut back on the red tape that drives up costs and discourages hiring. Here is John McCain’s 5 point plan from his 2008 acceptance speech at the Republican convention: 1). I will open new markets to our goods and services. My opponent will close them. 2). I will cut government spending. He will increase it. 3). Education — education is the civil rights issue of this century. Equal access to public education has been gained, but what is the value of access to a failing school? We need to shake up failed school bureaucracies with competition, empower parents with choice. 4). We all know that keeping taxes low helps small businesses grow and create new jobs. 5). We’ll attack — we’ll attack the problem on every front. We’ll produce more energy at home. We will drill new wells off-shore, and we’ll drill them now. We’ll drill them now. George W. Bush’s 5 point plan for the economy from 2004: 1). To create jobs, my plan will encourage investment and expansion by restraining federal spending, reducing regulation and making the tax relief permanent. 2). To create jobs, we will make our country less dependent on foreign sources of energy. 3). To create jobs, we will expand trade and level the playing field to sell American goods and services across the globe. 4). And we must protect small-business owners and workers from the explosion of frivolous lawsuits that threaten jobs across our country. Another drag on our economy is the current tax code, which is a complicated mess… 5). To be fair, there are some things my opponent is for. He’s proposed more than $2 trillion in new federal spending so far, and that’s a lot, even for a senator from Massachusetts. Mitt Romney’s 5 point plan to jumpstart the economy is actually John McCain’s 2008 5 point plan to get the economy moving, which was George W. Bush’s 2004 five point plan to grow the economy. The plan for the Republicans is always the same, cut taxes, reduce spending, a talking point about school choice, more domestic oil drilling, and free trade. The last time this plan was tried by a president the economy collapsed. Voters rejected a rehash of the Bush ideas in 2008, and Mitt Romney is back trying to sell the same plan in a different order in 2012. The reality is that Republicans have no idea how to fix or grow the economy, but they do have an ideology that tells them government is bad, and tax cuts for the wealthy are good. Mitt Romney isn’t some bold visionary who has the secret to unlocking our national economic power. He is just the latest in a long line of Republican salesmen who are peddling an economic plan that didn’t work then, and won’t work now. If you are early voting now, or will be stepping into the voting booth on Election Day, remember that you aren’t voting for Mitt Romney’s plan. You’ll be voting for George W. Bush’s, and we all remember where that got us the last time we tried it.
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Reynardine
Oct. 28th, 2012 at 8:27 am
I suspect “free trade” means “selling the electorate another bill of goods”.
guy
Oct. 28th, 2012 at 8:47 pm
I will start off by admitting I am not a fan of Mitt Romney or as I call him “Mittens” but I must admit this five point plan does coincide perfectly with hundreds of years of research into the study of economics. The simple fact is fewer taxes will result in a diminished dead weight loss and an increase in economic growth. The observation of this phenomenon can be traced all the way back to economist like J.B. Say of the French classical liberal movement which by the way is the father of modern republican economic thought. A recent example of this theory put to practice was Iceland in 1988. For a whole year they had a marginal income tax of zero and during this year they had a four percent increase in their GDP while also seeing a three percent increase in total labor hours for that year. However once taxes went back to their normal marginal rates, after the experimental year, growth in GDP declined. In truth this five point plan would actually result in growth of our GDP however the republican party are like a bunch of used car salesmen who talk the talk but in the end are only concerned with lining their pockets with money and have little regard for the well being of the customer. (That being us and our economy)
Shiva (Moderator)
Oct. 28th, 2012 at 9:03 pm
Really? We are paying the lowest taxes right now since forever and your theory is not a happening thing.
Our history proves what you say is dead wrong. We will go bankrupt as a country and will default on our debts.
Lastly you have no idea what mittens plan is as he hasnt released a shred of information about it.
Point # 2. He is going to call china names.
Lets start off by admitting your a romney fan who hasnt looked into mitts talking points yet. Mitt has walked back everything you just talked about.
A Walkaway
Nov. 4th, 2012 at 9:01 pm
The big mistake you’re making is that economic theory has changed greatly over the years, and the understanding has grown far beyond what the early thinkers said. 18th century theory rarely has any validity when confronting 21st century reality. It’s like trying to predict food supplies using purely Malthusian ideas – it just doesn’t work.
The fact is, the rich are greedy and crooked, and you have to FORCE them to turn loose of their wealth, so that the money stays in the system and does good for everyone. They don’t make jobs, they don’t do much of anything good – they’re just a drain on the whole thing.
That’s boiling a whole lot of science down into a short blurb.
Nefer
Oct. 28th, 2012 at 9:54 am
I hadn’t realized that they all had five point plans. I guess they haven’t figured out how to switch hands and count the fingers on the other hand. Ta-da! Ten!
Anne
Oct. 28th, 2012 at 10:03 am
The irony is that while the Republican party marginalizes GW, it is still stuck on stupid which they prove by endorsing plans that have proven to be disastrous for this country. The tactic that GOP candidates from the presidential one on down use pretending to be “moderates” has often been successful in the past, and it’s always designed to conceal their reactionary agendas. They know that a significant number of American’s are incapable of learning from even the recent past, and those are the voters they court.
Sally
Oct. 28th, 2012 at 10:11 am
My sister has bought into all the rightwing cfrazy,every last but. (And I don’t think she has ever been in a church since her wedding 25 years ago, which ended in divorce.) Anyway, they are now pushing the meme that Obama allowed the deaths in Libya as some sort of failed hostage situation, and he aqnd Hillary should be executed for crimes against Americans, Reminds me of the horrors of ACORN, huh? These people hate to their core, and my poor mom lives with my sister, who stomps around bitching about the liberals and their hold ont he media, blah, blah blah. So I’m certain she embraces all of Mitt Romney’s lies and pretend policies too. She is not even a college grad, and has been working for a small business for years. When the owners retire next year, she will be looking for work at 52. I’m certain her chances of employment are far better under Obama, but she only wants ‘our house’ back from the cheater, or whatever word they are using today.
If you want to see what these people are thinking, and respond with facts, Breitbart has DISQUS, and allows comments. I ahd a good time refuting a bunch of them.
stormskies
Oct. 28th, 2012 at 10:13 am
Right, and Iowa’s Des Moines Register just endorsed pathological liar, buffoon, and the corporate automaton called Romney for president because he offers a ‘fresh economic vision’.
Really, that’s what they said.
Saw this while drinking some very nice fresh coffee which is now, sadly, all over my keyboard.
Jason
Oct. 28th, 2012 at 1:19 pm
We may have to introduce Mittism same as when we had Bushism
Mr. Tuthiness
Oct. 28th, 2012 at 3:34 pm
So you’re saying that candidates from the same party tend to have the same outlook ? Mind blowing.
Tom
Oct. 28th, 2012 at 6:00 pm
Romney’s 5 point plan sounds much better than obama’s 1 point plan, (1. Ruin America). He has increased our national debt by $6,000,000,000,000. He dodges responsibility, and places blame on everyone but himself………..Would you want your supervisor at work to treat you the same way? But, the biggest issue I have with obama is his disregard for American lives. Four times the Americans in Benghazi asked for support, and four times they were denied by obama and his administration. If obama really didn’t know about the requests, that should also be a huge reason to replace him. I want someone in office that knows what is going on regarding America and her citizens. If you don’t know what is going on, you CAN NOT be an effective leader.
Shiva (Moderator)
Oct. 28th, 2012 at 6:38 pm
Romneys 5 point non plan that has no specifics will take the debt far beyond anything Obama can do. And you seem to have forgotten that the debt now holds the wars that Bush didnt pay for.
BTW, who controls the spending? Yes, the GOP house.
You might want to investigate a little deeper about Benghazi. Then tell us about your blind rage over 4500+ dead and 40,000 wounded under Bush.
www.businessinsider.com/w...
1voice1vote
Oct. 28th, 2012 at 6:51 pm
rock paper straw-man fire Spock
fire takes straw-man
But thanks for playing. Do try to keep up better. Facts matter.
SETI
Oct. 28th, 2012 at 7:31 pm
It amazes me that Repubs think that the economy responds in the same time frame as elections. The economy is a massive beast…in Clinton years he took on Papa Bush’s spending for his first term…then on his second term things worked towards decreasing how far in the red we were…Bush came to office and enjoyed some of that progress, and took credit for it…then raped America and the word freedom in exchange for fear and war mongering…adding substantially to the nations debt. Obama inherited the proverbial fire laden bag of crap left at the front door. There is a reason Bush is not seen or heard from during this election and that word is association! Romney will give us more of the same Bush America…War…immense debt…and fat wallets for those he caters to…the rich. Obama’s biggest obstacle throughout his first term has been Republicans, who were willing to run this country into the ground in order to make the President look bad. That is treasonous in my opinion…both parties should work for the best interest of this country, but it seems party lines and power are the main goal anymore…not your or my interests. I do think Obama will get us working out of the red this next term and I honestly hope Biden runs for President at the end of Obama’s term. There is a man of principle and the best interest of the country in him. My two cents anyhow!
Austin
Oct. 28th, 2012 at 8:50 pm
It wasn’t a 5 point plan the made the economy collapse you idiot. It was bush and his plan for home ownership. Besides that, the policies made actually helped grow the economy and reduced unemployment.
Dave
Oct. 28th, 2012 at 10:43 pm
So all three have good plans that have yet to be implemented. Great minds think alike. What’s your point? What’s Obama’s plan besides that lame pamphlet he just released?
Shiva (Moderator)
Oct. 28th, 2012 at 11:04 pm
Obama already has a plan thats got him 5.3 million jobs in 3 and a half years. Market is way up, retail is up. But Im sure your not allowed to know that
BTW, GM is not going bankrupt and Jeep is not going to China
Anonymous
Oct. 28th, 2012 at 11:11 pm
I am okay with this plan, it is better then Obama’s current plan, which has doubled our debt, barely decreased unemployment, and more people are on food stamps.
Shiva (Moderator)
Oct. 28th, 2012 at 11:54 pm
“barely decreased unemployment,” ? Your kidding right? Obama has made back all the jobs that Bush lost.
leta
Oct. 28th, 2012 at 11:50 pm
This plan IS the plan that doubled our debt, etc. All of which was set in motion before Obama was elected.
RubyTuesday
Oct. 29th, 2012 at 12:37 am
Republican talking point is:
“Economy is worse than when Obama took office”
Why is it that an entire political party suddenly forgot about trends and direction? Suddenly, they don’t pay attention to the rate of job loss or job gain? Did they conveniently become uneducated illiterates?
The rate of job LOSS in Jan 2009 was over 500,000 per month!
There is now a rate of job GAIN.
Is this so hard to understand? Unless it wrecks their argument.
Shaddus
Oct. 29th, 2012 at 7:43 am
Did I just see some teatard parrot the “Obama doubled our deficit” line?
Tsk, tsk.
Gary Vaughn
Oct. 30th, 2012 at 2:37 am
@Guy and the rest of the right wing assholes. Reagan started with the same 5 point trickle down plan with a twist called the Laffer curve. Sine then the debt ballooned from a mere 800 billion to over 3 trillion before Saint Ronny left. Since then the same 5 point plan has been tried by every asshat rapeuglycan and the results have always been the same. Cause a big debt and recession and let democrats clean the mess up. It took Clinton 8 years, but he didn’t get the shitbag rapeuglycans that Obama has had. Since 1980 the top “job creators” pay has increased 275% and the bottom only 18%. And you asshats want more of this?
Lisa Stalcup
Nov. 4th, 2012 at 2:04 pm
his plan is the same as Obama has been doing and will keep doing so how is he different ,, oh yeah ..the only concrete policy difference outlined in the five points plan was the repeal of the Affordable Care Act, or Obamacare. This is particularly funny in light of how closely it was modeled on Romney’s own health plan in Massachusetts, after originally being conceived by the conservative think tank the Heritage Foundation some years back.
part one ,,,,,he pledged to make North America energy independent by 2020, using domestic sources of oil, gas, and nuclear power. Setting aside whether or not this may be technically possible, it’s certainly not politically feasible for someone operating within the narrow bounds of actions acceptable to the US political system. But that’s his claim, and good for him, I’m sure it’s a sound plan – obviously his competition must agree somewhat, since the Obama administration has opened the Arctic ocean to oil drilling, advocated for “clean coal,” and promoted the use of nuclear power, supporting the construction of two new nuclear plants in Georgia. Presumably the Obama administration also agrees with the claim that too much regulation of energy producers is a bad thing, since the EPA is now launching fewer enforcement actions than any year since 2002
Lisa Stalcup
Nov. 4th, 2012 at 2:06 pm
Second, Romney had a few words to say about education, claiming that every parent should have a choice about what school their children attend. Unless this is a subtle statement in support of Kelly Williams-Bolar and Tanya McDowell— both black women imprisoned for sending their children to school districts outside their own — then it’s safe to say that the Romney campaign is making the promotion of charter schools part of their platform.
And why wouldn’t they? Charter schools are popular at the moment (regardless of their actual results). So popular, in fact, that the Obama administration has vocally supported them,, as well as calling for “merit pay” for teachers, another educational issue supported by Republicans. It should go without saying that claims about the vast and malignant power of teacher’s unions made at the RNC fall rather flat when the unions’ supposed pawn in the White House is in opposition to them on their most important issues.
Lisa Stalcup
Nov. 4th, 2012 at 2:12 pm
Perhaps unsurprisingly, Romney’s third point in his plan has also been shared by Obama. Mittens pledged to “make trade work for America by forging new trade agreements.”
Certainly he didn’t mean replacing NAFTA, which has had such ruinous effects on workers in the US as well as Mexico, with something more fair. After all, no rational businessman would want to be forced to hire American workers who might demand pensions or safe workplaces when he could hire Mexicans willing to work for a pittance since being forced off their farms. And we do know that Romney is a rational businessman, willing to drive a mile to save fifty cents on paperclips as we heard last night. So we can presume that any new trade agreements will be more of the same — “free” trade that eliminates protective tariffs and allows for easy movement of capital (but not labor!) across borders.
The thing is, the four years of the Obama administration have seen exactly that, with trade deals being signed with South Korea, Colombia, and Panama over the protests of domestic unions and foreign workers. A proposed free trade agreement covering much of the Pacific basin, called the Trans-Pacific Partnership Agreement, is also being negotiated.
Lisa Stalcup
Nov. 4th, 2012 at 2:15 pm
Both campaigns accuse each other of proposing economic plans that will result in monstrous increases in the national debt and budget deficit (and of “increasing taxes on the middle class” for that matter) and it’s entirely possible both are partially correct, given the history of the last 12 years. Both campaigns accuse the other of destroying small business, Obama through burdensome taxation and Romney through promoting cutthroat competition with larger more powerful companies.
The truth is that both of these issues are red herring — national debt and deficits do not work the same way household debt does, and small businesses are simply not the pathfinders to economic recovery nor are they even the most important constituent of the economy. When either campaign brings up these platitudes, it’s best to take whatever they say with a large grain of salt.
David Mulroney
Nov. 4th, 2012 at 7:43 pm
First if all I get tired of Dems and Reps claim they know more about how to runs things theb the other. I would put my Faith in GOD not Government.
Shiva (Moderator)
Nov. 4th, 2012 at 8:10 pm
You do that. But the rest of us want results not more war