Paul Krugman is at it again. After having to make up lies to try and face off against Senator Rand Paul (He claimed the federal workforce is down under Obama…as blatant a lie as you can get…state and local employment is down, federal employment is up, way up) he further shows off his idiocy with a brand new rant of lies and desperation to keep Obama in power.
In “Obstruct and Exploit” he makes the rather farcical claim that the economy is not the fault of the Democrats (the Democrats who control the Senate and refuse to pass the budget) as good people and the Republicans are evil obstructionists.
Actually he makes several bizarre claims…like that Romney is a Keynesian who wants to use military spending to create jobs. Paul, I know you’re a dimwitted hack, but do you know how to listen to speeches or how to read policy papers? Romney is concerned primarily about defense spending because with Chinese expansion in the Pacific, a resurgent al-Qaeda from the Arab Spring, and Putin wanting to reestablish the Soviet Empire you’d have to be as dumb as Ron Paul or Neville Chamberlain to not see that maybe we might need an American military to deal with problems that are obviously coming. The fact that cutting defense would cut jobs merely tangential to the discussion, but true. The goal of Romney’s policies with defense spending are to protect America and Classical Liberalism in general, not to create jobs. But you’d have to actually read his statements to know that.
But let’s actually deal with the heart of his argument. You can’t blame Obama because his ideas have been stopped at every turn (let’s ignore that Obama had a Democratic Congress for two years and only did things that ruined the economy…yes I’m sure Obama would have suddenly come up with good ideas if his party was still in power…). For instance Obama has the American Jobs Act, which Krugman implies would have saved America. (Again let’s ignore that not all of Obama’s Democrats voted for the bill.) As Krugman points out “Obama proposed boosting the economy with a combination of tax cuts and spending increases,” (and let’s ignore the 5.6% tax increase on the wealthy that was in the bill so we can’t call it a tax cut, chalk another lie up to Paul Krugman). I’m personally stunned just at the statement lower taxes and raise spending…cause the raising of our debt even further is a bright idea how Paul? Show me cut taxes and cut spending and cut regulation and then you might have a plan that would work.
But let’s go over the AJA to see what it has in it. That Krugman in his infinite idiocy thinks would work…and for fun let’s compare the points from the Romney plan.
So here are the points of the bill according to the White House web page (and keep in mind this bill may be dead, but these are Obama’s ideas and this is what he will have in a second term so it is relevant even if this bill died).
- Cutting the payroll tax in half for 98 percent of businesses:
- A complete payroll tax holiday for added workers or increased wages
- Cutting payroll taxes in half for 160 million workers next year
So let me get this straight here, further making Social Security unsound is a good thing? Yes I love having more money, and I would love if we were to privatize the whole thing, just paying off on benefits for everyone who is going to be on Social Security in the next 10 years…but that’s not what this is. It’s keeping the same Ponzi scheme but simply making it more insolvent. Good plan genius. You know I like the extra money, and I hate social security…but under this plan it will cost me and future generations more in the long run.
Meanwhile the Romney plan offers real tax cuts that will actually spur growth of business (i.e. job growth) and actually end up putting more money in your pocket. (All points of Romney’s are taken from his 59 point plan and are italicized…Romney has a lot more than that plan…but I’m trying to be fair here and compare one bullet pointed plan to another…if I actually compared substantive proposals of Romney to what passes as substance from Obama it would just be more embarrassing for the President and Krugman)
Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains
Eliminate the death tax
Pursue a conservative overhaul of the tax system over the long term that includes lower,
flatter rates on a broader base
Reduce corporate income tax rate to 25 percent
- Extending 100% expensing into 2012
- Reforms and regulatory reductions to help entrepreneurs and small businesses access capital.
So we’re going to force more banks to make more bad loans (probably to Obama cronies like every other Obama “investment”) and we’re then going to let them write off the investment they made with money that banks were forced to give them (and if every other Obama venture is any indication they’ll be allowed to pocket the money, declare bankruptcy and have the loans forgiven by Obama). And as icing I’m sure Obama will blame the banks again for the effect on the economy.
And instead of regulations designed to help Obama supporters, Romney has real regulation reform in his plan that will help every business.
Repeal Dodd-Frank and replace with streamlined, modern regulatory framework
Amend Sarbanes-Oxley to relieve mid-size companies from onerous requirements
Initiate review and elimination of all Obama-era regulations that unduly burden the economy
Impose a regulatory cap of zero dollars on all federal agencies
Require congressional approval of all new “major” regulations
- A “Returning Heroes” hiring tax credit for veterans
Again picking winners and losers, not what the government should be doing. Not improving the economy to actually create more jobs, we’re just going to make it a good call for businesses to fire their existing employees, hire new ones (probably at a lower rate) and a tax write off for it. (Now the good news is most businesses won’t behave in this terrible fashion…except, you know, the kind of bastards who pay off Obama for crony connections).
Screw helping this group or that group, Romney has the reform that will kill the single biggest killer of jobs there is:
- Preventing up to 280,000 teacher layoffs, while keeping cops and firefighters on the job.
- Modernizing at least 35,000 public schools across the country, supporting new science labs, Internet-ready classrooms and renovations at schools across the country, in rural and urban areas.
Yeah that’s it, we need the federal government getting involved in local and state matters. Oh, and given the spectacular behavior of teachers in Chicago, getting an average of $76,000 a year (before benefits) to get 80% of students to learn nothing…it’s clear that what the education system needs is new facilities and keeping all the current teachers…and not, you know fire all the union pieces of shit who offend the very profession of teaching by daring to call their pathetic behavior teaching.
You really want to help workers and really want to get better hiring practices for not only government but all employees try these points from the Romney plan:
Appoint to the NLRB experienced individuals with respect for the rule of law
Amend NLRA to explicitly protect the right of business owners to allocate their capital as they see fit
Amend NLRA to guarantee the secret ballot in every union certification election
Amend NLRA to guarantee that all pre-election campaigns last at least one month
Or maybe let states deal with their own problems.
Give states authority to manage retraining programs by block granting federal funds
- Immediate investments in infrastructure and a bipartisan National Infrastructure Bank
Oh great because the Fed wasn’t enough, you need a new bank to fund your own bad behavior even more.
You can talk infrastructure build up…or you can reduce the regulations that prevent the private sector from building that infrastructure, like in the Romney Plan
Establish fixed timetables for all resource development approvals
Create one-stop shop to streamline permitting process for approval of common activities
Implement fast-track procedures for companies with established safety records to conduct pre-approved activities in pre-approved areas
- A New “Project Rebuild”,
I’m sure that project is shovel ready and won’t be a waste like every other thing you’ve done.
I’ll take not killing a project that will actually create jobs and improve the economy over Obama’s shovel ready BS.
Support construction of pipelines to bring Canadian oil to the United States
- Expanding access to high-speed wireless
Holy shit, when did Internet become a right? You want Internet you buy it or go to Starbucks like everyone else…I am not subsidizing everyone’s ability to access porn on high speed wifi
I’ll take energy over wifi any day
Open America’s energy reserves for development
The most innovative reform to the unemployment insurance program in 40 years:
Because people need more incentives not to go find a job.
A $4,000 tax credit to employers for hiring long-term unemployed workers
Again, trying to get businesses to just create jobs isn’t going to work. You need to improve the fundamentals of an economy to create growth (which would include lowering taxes, lowering regulation, lowering government, lowering the deficit, strengthening the dollar, and getting free trade agreements—none of which this administration has done).
Or maybe you can be responsible for your own life
Facilitate the creation of Personal Re-employment Accounts
- Prohibiting employers from discriminating against unemployed workers
So you mean I can’t take into account whether a person was fired or not in deciding whether they’re going to be a good employee…like every other form of “discrimination” legislation in the last 30 years this is just a pay off to the trial lawyers and will result in even less growth and less jobs.
Or instead of making more bad lawsuits you could have real Tort reform.
Reform legal liability system to prevent spurious litigation
- Expanding job opportunities for low-income youth and adults through a fund for successful approaches for subsidized employment, innovative training programs and summer/year-round jobs for youth.
“Subsidized employment.” You’re kidding right? You’re going to pay people to hire people. (And keep in mind Obama was touting this plan as including tax cuts…so where exactly is the money for this coming from? Oh I forgot Obama won’t be happy until the debt is three times the size of the GDP.)
But how about rather than subsidizing hiring people but actually making a climate where you can actually hire good people.
Support states in pursuing Right-to-Work laws
Reverse executive orders issued by President Obama that tilt the playing field toward organized labor
- Allowing more Americans to refinance their mortgages at today’s near 4 percent interest rates
This would be a choice for the banks, not the government…which means the President is planning to control the banks even more and force them to do more stupid things…you know the behavior that got us into this mess.
There is no exact counterpart to this, but the fact is that Romney will not rule by fiat, like some people.
- 5Fully Paid for as Part of the President’s Long-Term Deficit Reduction Plan. To ensure that the American Jobs Act is fully paid for, the President will call on the Joint Committee to come up with additional deficit reduction necessary to pay for the Act and still meet its deficit target. The President will, in the coming days, release a detailed plan that will show how we can do that while achieving the additional deficit reduction necessary to meet the President’s broader goal of stabilizing our debt as a share of the economy.
The humor of this part speaks for itself.
But Romney does have some real plans on how to deal with the insane size of government
Immediately cut non-security discretionary spending by 5 percent
Reform and restructure Medicaid as block grant to states
Align wages and benefits of government workers with market rates
Reduce federal workforce by 10 percent via attrition
Cap federal spending at 20 percent of GDP
Undertake fundamental restructuring of government programs and services
Pursue a Balanced Budget Amendment
The fact of the matter is that Paul Krugman putting up Obama’s abysmal American Jobs Act as the better part of his proposed legislation shows you how unspeakably stupid Krugman is and how bereft of any real ideas Obama is. Romney has real plans not just platitudes that have some conception of how the economy works. Now I’ve breezed over a lot of Romney’s plans, I do this intentionally, I want you to go and do the research on your own and see for yourself that his plans are