As Romney courted the Michigan vote, he proposed a $20 billion energy research/auto industry bailout plan likely to appeal to the Motor City state. Later, touting himself as the turnaround guy for a flailing economy, Romney released his own $233 billion stimulus package -- a price tag that dwarfs President Bush's $145 billion proposal.That $233B has to come from somewhere. I wondered if Ms. Saunders' article was just cherry picking things from Romney to make him look bad. So I went to his site and found this.
Today, our economy is facing unprecedented challenges both here at home and abroad. Our economy needs pro-growth stimulus, but Governor Romney believes any stimulus package should return money to American taxpayers, not increase already out-of-control government spending. To promote economic growth, Governor Romney is proposing an economic stimulus plan that would lower taxes on individuals, reduce taxes for businesses and help homeowners through the current housing crisis.I tried to imagine one of Mr. Moneybags Romney's famous PowerPoint slides showing how showering dollar bills on certain private citizens was different from showering them on, well, other private citizens.
It hurt my brain. Let's see if we can simplify this whole idea.
Profit = Income - Expenses.Mitt is saying that this:
Profit = (Income - $233B) - Expensesis not the same as this:
Profit = Income - (Expenses + $233B)I still couldn't understand how that worked out. I decided that my failed effort, years ago, to understand algebraic topology was coming back to haunt me. Then I finally hit upon the true calculation of his plan.
Update: Mitt Romney as a George McGovern clone? Extreme Mortman posts a great comparison between George Bush's stimulus plan and George McGovern's plan from 1972. If Bush's paltry $140B matches up well, then Mitt's $233B is a perfect fit.
Update 2: Welcome RCP readers! Here's some background. All of this "stimulus package" talk just blows me away. The US debt is so big now that each one of us, every man, woman and child, currently owes $30,000. What kind of dimwit thinks that a family of four, already down $120,000, needs to borrow still more money as some kind of stimulus? When people talk about Romney being a conservative and the other Republican candidates else being RINOs, I ask, what's wrong with being a RINO?