Tag Archives: Mitt Romney

Defeat Mitt Romney

Posted on November 4, 2012 by Dan Kervick | 26 comments

New Economics Perspectives is an economics blog, not a political one. So in the past, while I have written freely about some political issues, I have avoided the partisan political wrangle. Continue reading →

26 Comments

Posted in Dan Kervick

Tagged 47%, crony capitalism, election, Mitt Romney

The Peril of Obama’s “Man Crush” on Geithner is exposed by the Debate

Posted on October 5, 2012 by Devin Smith | 57 comments

By William K. Black

FDR transformed the nation when he was confronted with the Great Depression and World War II. He famously welcomed the hate of the banksters. President Obama wanted the love (and the contributions) of the banksters. He chose Timothy Geithner to be his pipeline to the banksters because Geithner shared Obama’s lack of passion for holding the banksters accountable for their frauds that drove the ongoing crisis. We have known the core of these sad facts for years, for they were revealed (irony of ironies) in a May 22, 2010 article whose theme was that we had all done Geithner and Obama a terrible injustice by criticizing them for their servile approach to the banks. The key facts that the article disclosed can be summarized in a sentence: Obama developed a “man crush” on Geithner and decided to follow Geithner’s policies to bail out the banksters rather than hold them accountable for the frauds that made them wealthy and caused the Great Recession. Obama’s “man crush” is particularly odd given the fact that Geithner is a Republican who, as a fig leaf, became an independent.

Continue reading →

57 Comments

Posted in William K. Black

Tagged banksters, Geithner, Mitt Romney, obama

Ryan Talks Jobs and Exposes the Lies about the 47%

Posted on October 3, 2012 by Devin Smith | 12 comments

By William K. Black
(Cross posted at Huffington Post)

This Monday, I posted an article entitled: “Let’s test Romney’s claims about the 47% by offering the unemployed jobs.”

The article explained that Romney, Ryan, and Charles Murray claim that 47% of Americans receive governmental assistance because they are morally defective and shiftless. It goes through why Romney and Ryan know that they are lying when they use the 47% figure to slander Americans as refusing to “take personal responsibility and care for their lives” and as failing to pay taxes. Continue reading →

12 Comments

Posted in William K. Black

Tagged 47%, Mitt Romney, paul ryan

Romney implicitly endorses Too Big to Fail Banks

Posted on September 24, 2012 by Devin Smith | 13 comments

By William K. Black
(Cross posted at Benzinga.com)

I explained in a prior column that Gregory Mankiw, Governor Romney’s lead economist, wrote a column endorsing the regulatory “competition in laxity.” “Romney’s Lead Economist Urges Policies that will Cause the Next Financial Crisis.” One of the key events in “winning” the regulatory race to the bottom is welcoming significantly dangerous institutions (SDIs). The SDIs are the leading contributor to U.S. politicians – and the politicians of many nations). The difficulty is that “too big to fail” (TBTF) institutions are unpopular with both parties’ voters. Historically, TBTF was a misleading phrase, for TBTF banks could fail. TBTF actually meant that the general creditors would be bailed out by the government.

Continue reading →

13 Comments

Posted in William K. Black

Tagged Mitt Romney, SDI, too big to fail

Romney: The Little People Don’t Pay Taxes

Posted on September 19, 2012 by Pavlina Tcherneva | 18 comments

By L. Randall Wray & Pavlina R. Tcherneva
(Cross posted at Huffington Post)

Everyone recalls the quip by Leona Helmsley: “We don’t pay taxes. Only the little people pay taxes…”. By “we”, of course, she meant the likes of Mitt Romney. By little people, she meant Romney’s 47% – those not worth the bother. As President, the Mitt made clear, he will not be serving them.

Continue reading →

18 Comments

Posted in L. Randall Wray, Pavlina R. Tcherneva

Tagged Mitt Romney, Taxes

Candid Candidates – HuffPost Live

Posted on September 19, 2012 by Devin Smith | 5 comments

NEP’s William K. Black appeared on Candid Candidates over at HuffPost Live. The topic of discussion was Romney’s off the cuff remarks and whether or not we should applaud this kind of honesty from the candidates.

5 Comments

Posted in William K. Black

Tagged Charles Murray, Mitt Romney

Romney dooms his Candidacy by doing the full Murray

Posted on September 18, 2012 by Devin Smith | 11 comments

By William K. Black
(Cross posted at Huffington Post)

Charles Murray’s newest book: Coming Apart: The State of White America proves two classic truths. First, it is impossible to compete with self-parody. Second, be careful what you ask for; for you may receive it. Charles Murray asked right-wing plutocrats (he dismissed left-wing plutocrats as disloyal to their class and to capitalism) to drop what he derided as “political correctness” and denounce Americans who received governmental support as immoral failures. Continue reading →

11 Comments

Posted in William K. Black

Tagged Charles Murray, Mitt Romney

Economists for Romney: a closer look

Posted on August 24, 2012 by Pavlina Tcherneva | 15 comments

By Pavlina R. Tcherneva

Presidential hopeful Mitt Romney boasts support from the scientific community for his supply-side trickle-down economic proposal. It is outlined here, along with the list of economists endorsing the plan.

Several Nobel Prize winners grace the top of the list. Here is a quick look at some of these luminaries and their contributions to some of the most pressing problems of our time. Continue reading →

15 Comments

Posted in Pavlina R. Tcherneva

Tagged economists, Mitt Romney

Romney takes his Political Inspiration from Europe’s Worst Mistakes

Posted on August 15, 2012 by Devin Smith | 5 comments

By William K. Black

One of Governor Romney’s criticisms of President Obama is that he “takes his political inspiration from Europe….”

Romney never gives specifics on this criticism. The irony is that Romney (and Representative Ryan) “takes his political inspiration from Europe” and that the European policies they embrace have already proven disastrous in Europe. Here are five examples: Continue reading →

5 Comments

Posted in William K. Black

Tagged Mitt Romney, obama

When Romney Messes Up and Tells the Truth About Austerity

Posted on May 25, 2012 by Stephanie Kelton | 27 comments

By William K. Black

Romney has periodic breakdowns when asked questions about the economy because he sometimes forgets the need to lie. He forgets that he is supposed to treat austerity as the epitome of economic wisdom. When he responds quickly to questions about austerity he slips into default mode and speaks the truth – adopting austerity during the recovery from a Great Recession would (as in Europe) throw the nation back into recession or depression. The latest example is his May 23, 2012 interview with Mark Halperin in Time magazine.