Friday, July 13, 2012

Setting the Record Straight (not Str8)


One of the buddies left a message that I should worry less about how Mitt Romney spends “his” money and more about how President Obama spends “ours.” As I've written before, this is not a political blog and I don't intend to turn it into one, but some things need to be addressed. First, I haven't said anything about how Willard (his real name) spends his money. What I find amazing is that more people aren't amazed that a candidate for President of the United States has untold $$$ in secret foreign accounts from the Cayman Islands to Switzerland. It's never happened before in American history.

Second, anybody who can read has the ability to find out the truth about government spending. Quoting from the article that follows, “In fact, adjusting for inflation, Obama has actually cut spending by 0.1 percent, according to a Politifact analysis. While rival schools of economic thought have never agreed on each other's fundamental principles, over the past several decades, the notion that more government spending helps during a recession had gained broad acceptance."

And if anybody thinks Willard intends to stop government spending, here are the man's own words...

Asked by Time's Mark Halperin why he wouldn't push major cuts in his first year, Romney responded with reasoning that would be largely uncontroversial if not for the past two years' mainstreaming of an economic philosophy that insists government spending actually costs jobs, rather than creates job. "Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5 percent. That is by definition throwing us into recession or depression. So I'm not going to do that, of course," Romney said. Willard said pushing drastic spending cuts during shaky economic times is a prescription for "recession or depression." So the basis of Willard's whole campaign is attacking President Obama for doing what he himself says he would continue.

As somebody smarter than me said, everyone is entitled to their own opinion but not their own facts. If you care about this stuff — and I hope every American citizen does — the truth is there...

http://www.huffingtonpost.com/2012/05/25/romney-spending-cuts-depression-tea-party_n_1545933.html

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