Are you ready for it?
Are you sitting down.
Good. His magical plan is getting elected.
Because that will make everything all better. Don't believe it? Neither does Andrew Leonard:
Romney was quite clear on this point in his infamous “47 percent” speech. Romney told his audience that “if we win on November 6th 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.”
You see, the right-wingers argue that the Big Money Boys are on "strike". Yes, a "capital strike" because they are so scared that Obama might just tax and regulate their poor little selves right out existence. So Willard is pushing this idea that his election would end this "strike" and restore confidence. But...
The funny thing is, the available evidence suggests that Americans are already feeling more optimistic than they've been for a long time. On [12 October], the University of Michigan’s consumer confidence index hit a five year high. Americans are buying cars at a pace not seen in four years. They’re watching their homes appreciate in value for the first time since the bust. Retail sales are growing. Average Americans are doing their part, and the ironic truth is that, most likely, no matter who gets elected president, they’ll probably keep doing so. Neither Romney nor Obama might have to do anything at all in order to enjoy the benefits of a resurgent economy.
Even funnier, the premise that a Romney election will “bring capital back” presupposes that capital has gone away. And despite all those stories about trillions of dollars of “cash on the sidelines” there is scant evidence that a lack of investment opportunities or abundance of regulations is the reason for the hoarding. In fact, it’s not even true that corporations aren't willing to invest in the future.
Quite the opposite. Here’s something you are unlikely to hear during a Mitt Romney stump speech. Business investment has actually recovered to its pre-recession levels. During the Obama recovery, corporate spending on business equipment and software has grown at a faster rate than during any of the last four economic recoveries. (George Bush’s economic recovery, embarrassingly, registered zero net growth in business equipment and software spending.) (My emphasis)
In other words, Willard's whole premise is a CROCK.
His tax plan is a $5 trillion LIE.
He has NOTHING. Nothing at all in mind, except for one thing:
Lining his own pockets.
That's always the priority. Oh, and by the way...
We still haven't seen his tax returns. I wonder why?