Folks, Without Mitt Romney producing his own principles of his Plan, he is busy eating away from President Obama's Recovery Acts Agenda; which he must not be let to settle on. Mitt must be thoroughly exposed to force him to produce his own plan. Why wouldnt Romney produce his plan for which he should remain steadfast and consistent so to be trusted........???......Will he win without a concrete plan or should he be left to run away with President Obama's........??? Is Romney being Truthful.......??? Why wont he be cornered......??? OR should he be left to keep a secret which many people suspect that he is running in someone elses shadow; where many speculate he could be running for Bush Plan..........it is why people want to know........ President Obama must own his Recovery Acts Agenda, state them in point form and continue to expose Gov. Romney on his diagnosed condition of Romnesia.....so he can produce what he stand for without taking people for a ride. Yea, President Obama must not let Mitt Romney cloth himself with Obama Recovery Agenda and be let to run away with it. It is the reason why Mitt Romney and Team are now claiming that President Obama has no plan for his second-term........Very tricky calculation.....Do you see that ? Which is why Romney does not have a trusted New Deal, the square deal, or the fair deal .....but Romney is trying to sell a "sketchy deal". This is for sure unacceptable trading practice......It is a practise which has failed the test of time and is bound to put many people to unprecedented risk which must be rejected by all good people and for cover-up, Romney is running with Obama Plan. This is where President Obama must attack and hit with deadly jabs and expose the condition of Romnesia even more........President Obama must stay in form and beat the condition boxing Mitt to the corner till he tells American people his plan........ There is no otherwise.......Mitt must not be left to get away with it....... Every time Mitt open his mouth telling a lie, Obama must pounce him with a solid jab of facts.......while he asserts is Achievements and Way Forward Strategy of Recovery Agenda......Lists from Jobs, Education, Healthcare, Security and Foreign policy must be well articulated in point forms........ Judy Miriga Diaspora Spokesperson Executive Director Confederation Council Foundation for Africa Inc., USA http://socioeconomicforum50.blogspot.com Obama chides GOP: Help homeownersBy Mary Bruce | ABC OTUS News – 3 hrs ago
President Obama uses his weekly address to tout his efforts to revive the housing industry, casting himself as a take-charge president and slamming Republicans for standing in the way of progress. "I never believed that the best way to deal with the housing market was to just sit back, do nothing, and simply wait for things to hit bottom. That would have been a disaster for all the responsible families who - through no fault of their own - were struggling to make ends meet," Obama says in a not-so-subtle jab at GOP nominee Mitt Romney. Instead, the president says he has made helping homeowners a top priority. "Construction workers are breaking ground on new homes in America at the fastest pace in more than four years," Obama boasts. "More homes are being sold. Home values are back on the rise." The president admits, "we're not where we need to be yet," but says "one of the heaviest drags on our recovery is getting lighter." Obama urges lawmakers to act on his proposal to help responsible homeowners refinance at today's lower rates. "It's a plan that we know will work. It has the support of independent, nonpartisan economists and leaders across the housing industry. It's a no-brainer that should have passed easily," he says. "But Republicans in Congress banded together and kept this plan from even coming to a vote." The president accuses Republicans of holding back the economic recovery: "Let's be honest - Republicans in Congress won't act on this plan before the election. But maybe they'll come to their senses afterward if you give them a push," he says. Romney Backs Away From Own Tax PlanAt the first presidential debate in Colorado Wednesday night, former Gov. Mitt Romney disputed a central criticism of his tax reform plan — and appeared to disavow one of its central features. Responding to President Obama's description of Romney's proposal, Romney claimed: "I don't have a $5 trillion tax cut. I don't have a tax cut of the scale you're talking about. I think we ought to provide tax relief to people in the middle class. But I won't reduce the share of tax paid by high-income people. … I'm not looking to cut massive taxes and to reduce revenues going to the government. My number one principal is, there will be no tax cut that adds to the deficit. I want to underline that no tax cut that will add to the deficit." So who's right? Romney has run for months on a plan to lower everyone's tax rates by 20 percent — an amount that independent analysts have concluded will reduce revenues by $5 trillion over 10 years. Romney has also insisted that his plan will be deficit neutral and that it won't increase taxes on the middle class. But according to the non-partisan Tax Policy Center and other analysts, Romney won't be able to make good on both of those latter promises. According to TPC, even if Romney closes all loopholes and deductions for high-income earners, that alone will not account for all the revenue he loses because of the rate cut. Thus, to make the overall plan deficit neutral he'd have to raise the tax burden on middle income Americans. Faced with this basic description, Romney said, "If the tax plan he described were a tax plan I was asked to support, I would say absolutely not." Bill Clinton Breaks Down Mitt Romney's Tax Plan 'Illusion' For Obama Campaign (VIDEO) President Clinton Explains Mitt Romney's $5 Trillion Tax Cut Published on Oct 16, 2012 by BarackObamadotcom Share this: http://OFA.BO/7GJS7j The Huffington Post | By Nick Wing Posted: 10/16/2012 10:19 am Updated: 10/16/2012 6:02 pm Former President Bill Clinton reprised his role as President Barack Obama's "secretary of explaining stuff" on Tuesday, starring in a new video seeking to debunk the vague details of Mitt Romney's tax plan. The Obama campaign has frequently attempted to characterize Romney's plan as one that will provide a windfall to the wealthiest Americans and shift the tax burden onto the middle class. Obama has also repeated the conclusions of a number of analysts in attacking the blueprint as one that can not possibly remain deficit neutral, as Romney claims. Romney has said that he'll make up for lost revenue by eliminating tax loopholes, but he's refused to specify which ones, a detail that has left him open to criticism. During the first presidential debate, however, Romney argued that it was Obama's math that was incorrect, not his. Obama was subsequently criticized by some for not pushing back more aggressively. In the video above, Clinton explains some of the specifics that Obama could have used to make his case. "We simply cannot afford to give another round of tax cuts to people who got the benefit of the tax cuts and the economic growth of the last decade," Clinton says. "It hasn't worked before, and it won't work this time." A clip then shows Clinton asking audience members to stand up for "arithmetic over illusion," a point that he underscored during his speech at this year's Democratic National Convention. The video likely won't receive broadcast airtime, as it's longer than 2 minutes, but it could be a sign that the president has gotten some useful advice from his "secretary of explaining stuff" in anticipation of Tuesday's meeting with Romney. "Romney believes that with even bigger tax cuts for the wealthy, and fewer regulations ...all of us will prosper. He'd double down on the same trickle down policies that led to the crisis in the first place." - Barack Obama Mitt Romney's 'new math' for jobs plan doesn't add up TheWashingtonPost "Let me tell you how I will create 12 million jobs when President Obama couldn't. First, my energy independence policy means more than 3 million new jobs, many of them in manufacturing. My tax reform plan to lower rates for the middle class and for small business creates 7 million more. And expanding trade, cracking down on China and improving job training takes us to over 12 million new jobs." — Mitt Romney, "in his own words," in a campaign television ad Romney's 12-million-jobs promise has garnered a lot of attention. We became interested in this ad after a reader asked whether the campaign had provided much detail on how he would reach this total. This television ad is also prominently featured on the Romney campaign's "Jobs Plan" Web page. The math here appears pretty simple: 7 plus 3 plus 2 equals 12. But this is campaign math, which means it is mostly made of gossamer. Let's take a look. The Facts As we have noted before, the 12 million figure is not a bad bet by Romney. Moody's Analytics, in an August forecast, predicts 12 million jobs will be created by 2016, no matter who is president. And Macroeconomic Advisors in April also predicted a gain of 12.3 million jobs. In any case, four of Romney's top economic advisers — R. Glenn Hubbard (Dean of Columbia Business School), N. Gregory Mankiw (Harvard professor), John B. Taylor (Stanford professor) and Kevin A. Hassett (American Enterprise Institute scholar) — co-wrote a white paper that lays out the case that Romney's spending, tax and regulatory policies would yield a more robust recovery — adding 250,000 jobs a month — that would result in 12 million jobs over four years. The analysis, which is prominently posted on the Romney campaign Web site, concludes: "If we had a recovery that was just the average of past recoveries from deep recessions, like those of 1974-1975 or 1981-1982, the economy would be creating about 200,000 to 300,000 jobs per month. By changing course away from the policies of the current administration and ending economic uncertainty, as proposed by the Romney plan, we expect that the current recovery will align with the average gains of similar past recoveries. History shows that a recovery rooted in policies contained in the Romney plan will create about 12 million jobs in the first term of a Romney presidency." But the specifics — 7 million plus 3 million plus 2 million — mentioned by Romney in the ad are not in the white paper. So where did that come from? We asked the Romney campaign, and the answer turns out to be: totally different studies … with completely different timelines. For instance, the claim that 7 million jobs would be created from Romney's tax plan is a 10-year number, derived from a study written by John W. Diamond, a professor at Rice University. This study at least assesses the claimed effect of specific Romney policies. The rest of the numbers are even more squishy. For instance, the 3-million-jobs claim for Romney's energy policies appears largely based on a Citigroup Global Markets study that did not even evaluate Romney's policies. Instead, the report predicted 2.7 million to 3.6 million jobs would be created over the next eight years, largely because of trends and policies already adopted — including tougher fuel efficiency standards that Romney has criticized and suggested he would reverse. The 2-million-jobs claim from cracking down on China is also very suspicious. This figure comes from a 2011 International Trade Commission report, which estimated that there could be a gain of 2.1 million jobs if China stopped infringing on U.S. intellectual property rights. The estimate is highly conditional and pegged to the job market in 2011, when there was high unemployment. "It is unclear when China might implement the improvement in IPR protection envisioned in the analysis, and equally unclear whether the United States will face as much excess labor supply then as it does today," the report says. The Romney campaign has already used this study, in a misleading way, to claim that Obama's China "policies cost us 2 million jobs." Now the campaign has just taken the same figure and credited the claimed job gain to itself, even though the report does not examine any of Romney's proposed policies. This is a case of bait-and-switch. Romney, in his convention speech, spoke of his plan to create "12 million new jobs," which the campaign's white paper describes as a four-year goal. But the candidate's personal accounting for this figure in this campaign ad is based on different figures and long-range timelines stretching as long as a decade — which in two cases are based on studies that did not even evaluate Romney's economic plan. The numbers may still add up to 12 million, but they aren't the same thing — not by a long shot. In many ways, this episode offers readers a peek behind a campaign wizard's curtain — and a warning that job-creation claims by any campaign should not be accepted at face value. The white paper at least has the credibility of four well-known economists behind it, but the "new math" of this campaign ad does not add up. As readers know, we tend to judge more harshly claims in prepared speeches or ads that were the result of considered discussion by political aides. Clearly, some clever campaign staffer thought it would be nice to match up poll-tested themes such as "energy independence," "tax reform" and "cracking down on China" with actual job numbers. We just find it puzzling that Romney agreed to personally utter these words without asking more questions about the math behind them. |
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