2012 is looking more and more like 1980. With gas prices hovering near all-time highs. "Real" Unemployment numbers remaining stagnantly high.
President Obama calls out Republicans for being "obstructionists," yet he offered no real plan of his own. Here is a summary of the Romney-Ryan
economic plan, similar to Reagan's "supply-side" economics.
Excerpt from Paul Ryan: Pro-Growth Supply-Sider By Larry Kudlow
"The congressman said Team Romney, with a 20 percent across-the-board tax cut, is aiming at an average growth rate of 4 percent over the next four
years. "If we can do that," he said, "which we think we can with the right economic-pro-growth policies, we can get 12 million people back to
Ryan opposes crony capitalism and corporate welfare. He wants Washington out of the game of picking winners and losers. He argues that if President
Obama raises the top tax rate on small businesses to over 40 percent, it would kill growth and jobs. He argues in supply-side fashion that lowering
tax rates and plugging loopholes will produce more income, not less.
At one point in the interview, Ryan summarized the Romney-Ryan position: "Pro-growth policies, energy policy, regulatory reform, tax reform and
spending cuts." As I have said before, I believe the Mitt Romney platform is the most conservative Republican policy since the Reagan era. Paul Ryan
Ryan also said this: "Let's get the size of government back down to where it has historically been: 20 percent of GDP by 2016." In other words,
significant spending restraint. This is pro-growth, too."
Will the President have his own economic plan, after 4 years, to go toe-to-toe with Romney? The DNC convention in Charlotte, NC is just around the
edit on 25-8-2012 by RELDDIR because: (no reason given)