Terri
02-28-2009, 08:10 AM
Mitt Romney at CPAC
<snip>
The President has already moved to stop our economy’s downward spiral. Parts of the stimulus will, in fact, do some good. But too much of the bill was short-sighted and wasteful. Every single Republican in Congress voted in favor of a better stimulus plan, one that focused on creating jobs immediately. But Congressional Democrats couldn’t restrain themselves from larding up their bill with tens of billions of dollars for their political friends. Republicans wanted to stimulate the economy, Democrats wanted to stimulate the government. Conservatives in the House and Senate stood their ground and voted no—and they were absolutely right.
So far, the Administration has been unclear on what it will do to address the huge decline in the pool of risk and investment capital. These losses will be felt in businesses that don’t start-up and grow, and in jobs that don’t get created. To grow the pool of investment capital, the last thing you’d do is to raise taxes on investment, as the President has proposed. The surest, most obvious course is to rule out higher taxes on investment. I would propose going one step further. For all middle-class Americans, we ought to abolish the tax on interest, dividends and capital gains.
This economic crisis has proven that government has an urgent obligation to address some awful abuses we’ve seen in the financial sector, particularly in housing finance. Free markets, properly regulated and allowed to work as they should, have propelled America to be the largest economy in the world. For years, Washington politicians did nothing to prevent the abuses at Fannie and Freddie, and in some cases they encouraged those abuses for political gain. Let’s be clear on this point: conservatives favor clear, streamlined and up-to-date regulations and laws that let the economy work, but we will vigorously oppose those politicians who are poised to use their own failures as an excuse to undermine the free enterprise system.
More (http://www.mymanmitt.com/mitt-romney/2009/02/romneys-speech-at-cpac-2009.asp)
I've snipped an economic passage out of the middle.
Just think folks, we could have had this approach instead of socialism.
<snip>
The President has already moved to stop our economy’s downward spiral. Parts of the stimulus will, in fact, do some good. But too much of the bill was short-sighted and wasteful. Every single Republican in Congress voted in favor of a better stimulus plan, one that focused on creating jobs immediately. But Congressional Democrats couldn’t restrain themselves from larding up their bill with tens of billions of dollars for their political friends. Republicans wanted to stimulate the economy, Democrats wanted to stimulate the government. Conservatives in the House and Senate stood their ground and voted no—and they were absolutely right.
So far, the Administration has been unclear on what it will do to address the huge decline in the pool of risk and investment capital. These losses will be felt in businesses that don’t start-up and grow, and in jobs that don’t get created. To grow the pool of investment capital, the last thing you’d do is to raise taxes on investment, as the President has proposed. The surest, most obvious course is to rule out higher taxes on investment. I would propose going one step further. For all middle-class Americans, we ought to abolish the tax on interest, dividends and capital gains.
This economic crisis has proven that government has an urgent obligation to address some awful abuses we’ve seen in the financial sector, particularly in housing finance. Free markets, properly regulated and allowed to work as they should, have propelled America to be the largest economy in the world. For years, Washington politicians did nothing to prevent the abuses at Fannie and Freddie, and in some cases they encouraged those abuses for political gain. Let’s be clear on this point: conservatives favor clear, streamlined and up-to-date regulations and laws that let the economy work, but we will vigorously oppose those politicians who are poised to use their own failures as an excuse to undermine the free enterprise system.
More (http://www.mymanmitt.com/mitt-romney/2009/02/romneys-speech-at-cpac-2009.asp)
I've snipped an economic passage out of the middle.
Just think folks, we could have had this approach instead of socialism.