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| Romney. Credit: Public Domain. |
A win by Mitt Romney this November would free the Confidence
Fairy to miraculously cure the U.S. economy. Over at the NY Times, Nobel
winning economist Paul Krugman explains:
Mitt Romney is optimistic about optimism. In fact, it’s
pretty much all he’s got. And that fact should make you very pessimistic about
his chances of leading an economic recovery.
As many people have noticed, Mr. Romney’s five-point
“economic plan” is very nearly substance-free. It vaguely suggests that he will
pursue the same goals Republicans always pursue — weaker environmental
protection, lower taxes on the wealthy. But it offers neither specifics nor any
indication why returning to George W. Bush’s policies would cure a slump that
began on Mr. Bush’s watch.
In his Boca Raton meeting with donors, however, Mr. Romney revealed his real
plan, which is to rely on magic. “My own view is,” he declared, “if we win on
November 6, there will be a great deal of optimism about the future of this
country. We’ll see capital come back, and we’ll see — without actually doing
anything — we’ll actually get a boost in the economy.”
Are you feeling reassured?
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