-- Mitt Romney at a meeting with donors in Boca Raton. Optimism is nice but this reminds me of what Yale Economics Professor Irving Fisher, said in 1929.
"Stocks have reached what looks like a permanently high plateau."
"[I]f we win on November 6, there will be a great deal of optimism about the future of this country. We'll see capital come back, and we'll see -- without actually doing anything -- we'll actually get a boost in the economy."
-
Mon Sep 24, 2012 1:05 PM EDT
— Filed under: mitt-romney
Leave a Comment:
A great deal of optimism? I doubt it very highly
Every time this man opens his mouth, he says something more ludicrous than the previous comment. Rachel, please keep hammering away at him and maybe enough people will wake up and see the truth. Your show in the evening is fantastic.
That's not helping the 47% put food on the table. He's back to appeasing the 1%, well that didn't last long. Plan N.
The b.s. is truly bottomless.
"We will use actual magic to actually acheive actual results. Actual lies will actually become true. Actual blind people will actually be able to see again...Actually really!"
He and the rest of the Republicans haven't done anything in two years to help the economy (other than be a hindrance) and yet...It still is improving. Stock market is as high as its been since the 'crash'.
If they actually did something useful, the rest of the economy might have recovered nicely as well, but they just couldn't let Obama have that 'win'.
pathetic.
I have to ask a question. Do you think people have to be prodded to go out and make money?
Oh never mind. This comment and the several previous just go to show how deep the lack of understanding goes about how an economy works. Believe it or not, people like to make money, and they'll actually try on their own if they think the way is clear. Obama is anti-business, Romney is pro-business, so yes business will pick up if Romney wins. All on it's own.
How is Obama anti-business, how is Romney pro-business, and why wouldn't people pick up and go their own way now? What has Obama done all on his own that prevents business from "picking up" that Romney, just by his nature, will fix?
If feelings dictate how markets work in their entirety then you do realize that you debunk any and all policy claims that can be made as they effect the economy, yes?
Policy affects how people feel about the future. Obama continually threatens tax hikes, supports unions, and blocks energy development. Romney will likely counter those.
That's all it takes. If business feels more optimistic about the future it will risk money. If it doesn't it will hoard money. Economics isn't rocket science.
Obama is quite pro-business, Romney is pro-money. There's a difference.
But you'e right Shooter, people do like to make money. Back when rich people were, arguably, "job creators", and their top marginal tax rates were in the 80-90% range (the "days of opportunity for Boehner and the Mitt-ster), the way the captains of industry made more money was to sell more stuff.
And hire more people to earn their own money to buy said stuff.
That's not the way Mitt does it.
Dave, you're thinking people aren't buying because they don't have money. While that true, consider people aren't buying because they don't want to.
If you aren't hoarding your any extra money, that light in the tunnel is an oncoming train.
And if he DOESN'T win on Nov. 6, capital will come back. There is some capital sitting on the sidelines waiting for the election, most particularly waiting to see what congress does about the "fiscal cliff." This is just like the supposed 12 million jobs he says will be created in his first term--just exactly what economists expect regardless.
However the elections turn out, whatever the lame duck congress does, the future expectations will be set by year's end.
It's NOT optimism, it's delusion! Only in GOP-land where facts never intrude can regressive policies that have been proven failures seem like paradise....
I will heal the sick, feed the poor and my wife Ann will make sure every household in America has a sterling silver tea service.
and magic underwear for all!
This has been his entire economic plan all along. If I'm elected, the economy will magically fix itself.
Every election since they got their asses kicked in 2006, the GOP has claimed that business is just waiting for them to re-take control of all 3 branches of government, thereby ensuring "certainty."
That is the entire plan they have now.
I think Republicans are engaging in the classical projection game again. Because they are uncertain about their future they assume it's the same for everyone else. But what seems to be even more evident here is the idea that Republicans fear monger and fear monger and then when people become afraid Republicans use that fear as justification for why they were fear mongering in the first place. It's the same BS circular thinking as when they call women who have, had abortions murderers and then point to women who now feel like murderers as evidence that their statements were correct OR when they call gays abominations and then point to a gay person who kills himself/herself and uses that as justification for why being gay as bad. It's selling someone a placebo, calling the placebo poison, and then when they start choking on it and gagging (from the psychological reaction of being told you just consumed poison) offering to cure them by giving them another placebo.
The question I have is: why the hell can't anyone else see this?
You have got to be kidding. Accusing the right of projection and using fear as their preferred means of gaining power is hardly unique to your good self. There's a whole branch of psychology devoted to right-wing thinking and it's impact on politics. And considering how often I've raised those points myself over the lifetime of this blog, and seeing so many others do the same, my question on having read your comment is: why the hell did it take you so long to see it?
Rachael, I got one question for you to ask Mitt Romney, "If you are not elected in November, are you going to ask for a refund check from the IRS, because you didn't claim all your deductions in 2011"?
Of course he will. He will also get interest at a far above market rate on the amount of the refund for the period between the due date of the return and the time the amended return is filed.
Rachael, we love your show...my wife rarely views politcal shows but she loves yours..thanks, it gives us something to enjoy together.
So what Mitt is saying is that he doubts the Dems. would be so craven as to continuing to sabotage the economy as his party has done for the last 2 years.
In other words . . . if I win, I think rich folks will start putting money into the economy again to make me look good (after I give them more tax cuts, of course), instead of withholding it to make President Obama look bad.
The problem, Mitt, is that the rich folks didn't invest in jobs during W's reign (and they liked him) . . . why would they do it for you?
The stock market should disprove this. Where was it during Bush's heyday?
In the @!$%#ter.
Hmmm - did he just say, "If I win the economy comes backs by doing nothing." So conversely, if the President wins and does nothing the economy also comes back. So what do we gain by voting for him?
As my wife says to me all the time, "Ed, if they think you are a fool, for God's sake keep your mouth shut so you don't confirm their assumptions."
More of Romney's "magic"?
By "magic" he was born to rich and influential parents.
By "magic" he was able to go to the "right" schools.
By "magic" he was able to go to France instead of Viet Nam.
By "magic" he was able to start Bain Capital.
By "magic" he was able to become Governor of Massachusetts.
By "magic" he was able to step in to the Olympics job.
And now, by "magic", everything will be "hunky-dory" if he is elected President!!
Kind of sounds like Obama, Hope and change. Hope sure does not create a better economy. I saw him on ABC last night, he kept saying that he hopes this or hopes that. Hope is a good thing but it doesn't get the job done.
A sage once remarked: "If you want to test a persons character, give them power."
I have found that those of inherent good conscious and good character who find themselves in possession of power will instinctively use that power in the best interests and to the benefit of all, whomsoever -and this includes our Country.
On the other hand, a person of questionable or unstable character to start with, who find themselves in possession of power, will be predisposed to a further corruption and destabilizing of their character with a concomitant perversion of their power in order to serve their own best interests.
To quote the old saw: Absolute power corrupts absolutely. Somebody better get a handle on these two bozos, Romney and Ryan, before they corrupt this Country -but absolutely!
Tom Nass,
5th Marine Division - WWII