If Mitt Romney wins the presidency, what would the affects be on the economy and society in general? Furthermore, how would YOU feel about a Romney win?
I would be estatic about a Romney win.
Assuming he is able to do what he wants, we would see
An immediate, sharp increase to GDP, around 5-8% growth for the first 1-3(maybe) years, from the change to a territorial tax system.
Lowered unemployment and increased investment in the American economy with reduced corporate tax rates.
An enacted solution to the SS shortfall, though a gradual increase in the retirement age and a slight redistribution of wealth from the wealthy to poor in the SS program(Not that I'm estatic about it, but it's a solution).
Competition in healthcare by allowing states to make their own decisions, and companies to compete across state-lines = decrease in healthcare costs(actually a decrease in the rate at which costs rise).
Just some of the things I'm looking forward to.
Assuming he is able to do what he wants? Like the night of President Obama's inaugaration, the Republicans meeting to ensure blocks on all his policies? Reduced corporate tax rates? Yeah, more President Bush and it didn't work then! A solution to SS? By giving seniors vouchers and when the voucher runs out of funds they have to somehow make up the difference? Competition in healthcare? President Bush claimed the same thing, did it happen? I was fooled ONCE and did vote for President Bush for all your reasons. I WON"T be fooled twice. Romney will put us into another recession or should I say the "New Great Depression?"
Bush didn't lower the corporate tax rate... ugh... You criticize what you don't understand. The US has the highest tax rate in the world. Do you expect us to be competitive like that?
Lets say you went to the store and there were two shirts, identical. One cost $10 and one cost $50. Which would you buy?
Do you know what SS is? Social Security. There are no SS vouchers, no difference to make up. Again, you don't even know what you are trying to criticize.
Bush didn't give more competition in healthcare. He didn't open up states to compete with each other.
You very clearly don't even know what Romney's proposals are, and yet you criticize them.
Please, go educate yourself on what he is proposing. He isn't Bush pt. 2
Bush lowered taxes on the wealthy on the premise they would invest and create jobs. Didn't happen! Bush had a bill, he could have signed to allow small businesses to group together to get lower insurance rates. Didn't happen. Romney is promoting the same. Romney is proposing a voucher system for SS. Again, selective response. No defense for key Republicans meeting the night of the inaugaration to make Obama a one time President? Do you not remember those Bush promises? Go educate yourself because Romney is indeed Part 2..
Again, Bush didn't lower corporate tax rates. We are the highest in the world.
Romney is not proposing a voucher system for SS. Please answer these questions:
1 - What is SS?
2 - What are these supposed 'vouchers', and how would they work?
3 - Link please?
Romney isn't most Republicans either. He is very moderate, and goes against the GOP platform on many issues.
Why am I even arguing with you? You think Romney is turning Social Security into a 'voucher' system?!?!?!? That's definitely the top of the list today for ridiculousness.
Romney has stated his and Ryans plan are basically the same? How about you define basically? No one knows for sure what the end result will be, but to think the Insurance Companies (one of the largest lobbyists) will work to save you money? I'm doubting that! http://www.tampabay.com/opinion/editori … ng/1248684
Let me answer your way with a question. What is Romneys Social Security plan? Please back up with links. What is your definition of SS? Will Romneys plan change SS benefits for people over 55 in any way, shape or form? Lastly, why am I arguing with you? You think President Obama is out to destroy all Americans (or should I say, that's the impression you're giving me!) And lastly your arguments are definately at the top of the list today for ridiculousness!
That's your strategy? Make claims that are blatant lies, refuse to back up your own assertions, or even discuss them?
Fine. I hope you pay attention, you might learn something.
The basis of Romney's plan for Social Security is to increase the age of retirement, which is something that hasn't been done to keep up with the increase in life expectancy, creating an undue burden on future generations.
Social security is the fund that provides money for people who are retired, disabled, or survivors. It is not a voucher system, and nobody is talking about turning it into a voucher system. I believe you are referring to Medicare, which isn't the same thing as Social security.
Romney's plan won't change benefits for those over 55 in any way.
You are arguing with me because you are claiming that Romney's plan is going to do all these things, but that's not what Romney's plan is.
My arguments are backed with fact. If you call that ridiculous, then congratulations. You're a liberal.
I answered your questions, now it's your turn.
That's your link? That's a plan? That's not what polifact says. Perhaps you need less faux news and more research. I'd rather be called a liberal then a Republican with blinders on! Have a good night!)
What does politifact say?
There is more detail on his plan in the 'full plan' link on that site.
Come on screaming, if I'm so wrong, what is his plan and please provide a link.
I wonder how many people feel like you do...
"A link to a candidate's plan isn't a valid source for what the plan says!"
Reduced corporate tax rates?? Now I'm really confused. I don't remember Bush reducing corportate tax rates, but since you seem to think that's a bad thing, why are you supporting Obama when he wants to do it? He wants to lower CTR to 25%, according to HuffPo:
http://www.huffingtonpost.com/2012/02/2 … 96502.html
Talk won't do it!! He has no plan except to reinstate the Bush policies which got us here!!
Did Bush cut corporate tax rates, or did he leave tax rates at the highest in the world?
Did Bush change to a territorial tax system, or leave in place a system that penalizes multinational companies for investing in American?
Did Bush fix the Social Security shortfall?
I'm sure you would have a difficult time explaining Bush's policies, and Romney's, and showing why they are so similar.
Romney has a plan, and he has a record as Governor, and a record as a businessman. It's not just talk.
Romney's record as government includes an affordable care act, which he is now against, and his record as a business man includes a lot of layoffs, which he still supports.
You didn't answer my questions.
Romney vetoed 8 provisions of the healthcare act as governor. His vetoes were all overturned. Romney constantly put up a face of unanimity, because he was working with a veto-proof legislation on the other side of the aisle.
As for his business record, yes he supported layoffs. Is it better to layoff some workers so the business can survive, or layoff everyone when the business goes under?
As for a Romney election, Not good, the fox will be given the execuitve key to the chicken coop
I think you will see a short spike in the economy because the military and big business will operate under the old assumptions that it will now be business as usual. The debt ceiling debate will be looming over Romney just as much as it was over Obama and it will not get decided until they figure out who gets paid how much. But the deficeit will not even slow down let alone go away. We have seen under all the administrations so much money going into overseas investments and offshore accounts because the floodgate will be re-opened and the old guard will support it. Maybe another eight years of selling out the country with Romney may make people get to the bottom they need to wake up and smell the coffee but unfortunately it probably will be too late.
He will sell off the rest of what is left of America to the highest bidder maybe some Saudi Sheik, because money is next to Godliness.
Every four years it's Kang vs Kodos. In the grand scheme of things it really doesn't matter who wins since both would basically do and fail to do the same things upon getting elected.
I didn't know about Romney wanting to turn SS into a voucher system. Please provide a credible source!
I think the immediate effect will be that his policies will be more clear for businesses. Doesn't mean the deficit is going to drop much anytime soon. Companies may be willing to invest rather than hold on with uncertainty the way that has happened in the past few years.
"Assuming he will be able to do what he wants..."
1. Romney has had to sell his soul to Koch Co. to garner the GOP nomination,
2. He has had to swing far, far right in selecting Ryan as his running mate,
3. the Republican Party has already shown there are no compromises. Period.
-- what makes anyone think that Romney, no matter how his stated plan on his website may differ from Ryan Co. and the rest of the Teapublicans, will do anything other than their bidding?
They frigging OWN HIM.
How do they own him?
His plan is moderate, his record is moderate... why do you think he would change?
Because he's pandering to the right? Of course he is, he would stand no chance getting elected without enthusiastic support from the right. He can't do what he wants if he doesn't get elected. He said his dad played the game too cleanly, and he learned his lesson from that.
He learned his "lesson" too well. How many times (so far) did he change his positions in every issue?
What make you think Romney will not change his views yet again to please the ones he needs to win. Did you hear Reed's speech at the convention? What's moderate about that?
He hasn't changed many positions at all. Most of the 'flip flops' he has made(according to some) weren't flips, or flops.
His plan is moderate. His record is moderate. I assume he is moderate.
He doesn't even bring himself to say the things that would really fire up the far right. Instead he picked Ryan, which is brilliant because it gets their support, even if he doesn't plan on doing what they want him to do. It's not the VP who makes the decisions.
Look at the debate with Ted Kennedy when Romney ran against him. He was in favor of abortion (read his own words) and if that is not a flip, it is certainly a flop compared to what he says today to cozy up to the far right wing of the GOP.
Other countries have a higher tax rate, some as high as 50% because of their health care provisions. In Hungary you can take off for 3 years to raise a newborn. One of my professors was from Hungary, and we thought that this was outrageous. You have to pay for all of the services that the government provides. Our government has to get money from the people to pay for its services. They may raise corporate tax or for the citizens of our countries. Or, they may cut the services to the people, and let them take care of themselves. The question is do we need all of the services that we have in the US?
There has to be a reduction in the government if we don't want to pay for the service. We need to think about our education to children, social security, medicare, and right now some of the states are in poor condition and can't afford to provide our current programs.
The US would be better off with Romney as President. Obama's fiscal mismanagement, lack of even a basic budget and propensity to just make up laws as he goes along (by choosing which ones he will enforce) should scare any one who believes in Democracy and capitalism.
God help us if Obama is elected. Without the constraint of facing the voters again, we should fear what his whispered "flexibility" with Russia truly means.
But back to Romney. He is a man who has demonstrated to all but the blind that he understands how to create successful companies, create jobs, and achieve a balanced budget. Romney for President? We need it as early as yesterday.
One thing we can be certain of...this nation cannot survive four more years of what Obama has exposed it to in his first term. There is no determined effort to establish an operating budget, no effort at achieving compromise on the part of a so-called "leader" who rose from the ranks of Congress. There is no significant effort to reduce spending when one can easily calculate that spending has risen over 140% in the past four years versus only a 43% increase in the revenue stream...spending is indeed the problems. NASA is all but gone. The military is being disassembled little by little on the basis of freeing up revenue to be spent in other sectors and reasoning that technology can replace boots on the ground....a total lie. The EPA is poised to invade every aspect of our lives and Obamacare will take far more from us than it will ever provide through our dying days. In the process, that will also include a chunk of the sale when our homes are sold...a built-in inheritance tax if you will. This election is not really about the capability of Mitt Romney as much as it is about the resurgence of conservative values, common sense, and all things in moderation. We cannot survive as a nation when 2 and 2 no longer equals 4. Worse case scenario, Romney can continue in the same direction as Obama....the worst possible thing he could do to the nation, the worst. Anything less than that direction will be an improvement, plain and simple. ~WB
It's true Wayne...
We have to get spending under control, quickly.
Within 5 years, maybe 10, interest rates will be going up. When that happens, we will start paying our debt at higher interest rates as we have to re-issue debt to pay existing debt calls.
We can't afford to triple or quadruple the % of the budget that we pay into interest... if we do we'll probably be at the point where we'll never be able to overcome it, and it will eventually lead to hyperinflation or defaulting the dollar.
It's such an incredibly serious scenario... if people really understood how bad the situation was and how quickly we could end up with a worthless currency, the phones and email inboxes of every congressman and representative would break from the outrage.
When Romney and Ryan take office in January of 2013, the recovery and reconciliation will begin and
all hard working individuals will know that the nation is moving toward recovery.
there will be no blame games and no class-warfare except for the few jealous radicals clinging to the gimme agendas.
before the end of the first month, our allies will know we stand by them, a balanced budget will be generated, and a path to debt recovery will be solidified.
at the 2 month point the nation will be united by truth and positive action and the world will know the USA is on a solid path to restoration.
at the 6 month point the nation will be in full steam ahead as the jobs will have grown through U.S. fuel drilling and production flowing proudly.
at the 9 month point, the international market will be adjusted in favor of American made goods.
at the 12 month point, the world will know the USA is stronger than it was before the recession.
by the 2 year point, the smart individuals will recover all their financial losses that occurred during the 2006 to 2012 period.
If he's elected, by the end of the first month, we'll probably be in another war. The world will look at Romney and worry all over again, same plan, same results! By the 2nd month the nation will realize the mistake those made voting for Romney and Ryan. By 6 months dergulation and out sourcing will start the plummet downhill spiral. At 9 months we will have no goods made in this country to sell. By the 12th month the recession will begin all over again. By the 2 year point financial losses will be felt across this great country and possible civil war.
It is not going to happen, but I would probablu throw up for days. BTW is it RomneyRyan or Ryan/Romney today?
You do realize that debate was in 1994? Don't know about you, but there are quite a few things I've changed my mind about in the last 18 years. I'd be more worried if he held all the same opinions as he did 18 years ago. Imagine someone so egocentric and closed minded that their opinion on issues never wavered in almost two decades.
No doubt...Mitt still needs to do some layoffs starting in the federal government that has grown by almost 20% under Obama in four years. That would be a good start on the spending reduction process. ~WB
by Charles 6 years ago
Does he really think that the solution to the dwindling social security fund is to privatize it? Perhaps it would be a better idea to return the money that has been "borrowed" without our consent? Does he really think that wall street, the people partially responsible for our...
by Susan Reid 6 years ago
NJ Governor Chris Christie, who as recently as a week ago was a harsh critic of Obama's leadership has a new BFF: Barack Obama.He's been effusive (some believe TOO effusive) in his praise for the POTUS and his handling of Sandy, going on numerous news shows.So what do you think his motives are?...
by Jean Bakula 6 years ago
I thought Mrs. Romney was very artificial and stiff. The things she said about all the roles we women play were true, but more for our Mother's generation. She was discussing things like helping the kids write the book report while waiting for hubby to get home, when most Mom's work, something she...
by Eaglekiwi 9 years ago
What were the worst /best things that George Bush achieved or failed at during his term as PresidentHow has his leadership helped or hindered the American people?
by American View 6 years ago
Obama Campaing never learn, keep taking things out of context, spinning them and then present them in a false light.http://www.foxnews.com/politics/2012/10 … political/
by mio cid 6 years ago
It has been reported by The Politico that Paul Ryan refers to his running mate as "The Stench" behind closed doors.He has reportedly told staff,if "The Stench" calls tell him I'm having breakfast with Peggy Noonan. Looks Like the Romney Ryan ticket is imploding.
Copyright © 2019 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
HubPages Inc, a part of Maven Inc.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|