GOP leaders contradict Teaparty on economics

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Why on EARTH is this not the biggest news of the day in that the entire economic concepts of the Teaparty rank and file is contradicted by the GOP leaders/

http://www.huffingtonpost.com/2012/05/25/romney-spending-cuts-depression-tea-party_n_1545933.html

Ooops...Romney contradicts Teaparty and Boehner on cuts and their ability to help the economy.

The story has an update having Boehner admitting long term cuts are the way to go and using weasel words explaining how cuts today may not be the way to go...maybe. However the Teaparty held the nation hostage over paying the bills (the debt ceiling downgrade of course) therefore their denial of cutting spending leading to a lower GDP in the short term...is contradicted.

They are completely contradictory at every direction regardless which stand they take on cuts. The lowering of the credit rating costs us billions every year. They have been saying for years that cuts lead to progress...now Boehner is contradicting it and Romney full out said it would sink the GDP significantly and send us into a recession if not a Depression.

The fact is when you cut spending...you cut GDP. When you cut GDP you cut the total economic activity of the nation which is technically the definition of a recession. The time NOT to cut spending is now as we teeter on a Depression.

I say....bravo Teabaggers! Anyone who can put the dots together realizes the Teabaggers are simply trying to sink the economy and lie to the world about it. The problem is that half of the nation thinks the Teabaggers are correct in thinking cuts lead to progress and now the Republican leadership is calling that half that agreed with them....stupid...as GOP leaders completely disavow Austerity.

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joewo's picture
joewo
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Jul. 31, 2007 3:01 pm

Comments

I find this Romney quote from the HufPost article interesting:

"Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5 percent. That is by definition throwing us into recession or depression. So I'm not going to do that, of course," Romney said in an answer picked up by former bank regulator William Black, a HuffPost blogger.

Very well said. Keynesian economics is just as simple as that.

But what Romney probably has planned is the same type of Keynesianism as Reagan and Bush; by increasing military spending. I think he said he wants to double? the number of Navy destroyers? Probably while he cuts social programs.

The next paragraph:

Boehner, by contrast, said cutting spending will spur the economy by giving "certainty" to the business community. "It would lift this cloud of uncertainty that's causing employers to wonder what's next. So dealing with our debt and our deficit are critically important," he said.

Oh yes Boehner, NOTHING gives certainty to the businessman like cutting spending and lowering the GDP which will dry up customer demand. Effing RETARD!

Erik300's picture
Erik300
Joined:
Apr. 2, 2010 9:44 am

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