Thursday, October 4, 2012
10 Responses I Yelled at My TV During the Debate
1) Romney was asked if there was anything he
would like to ask President Obama.
Mr. President you enjoy making the claim
that I would like to resort back to the same old top down economic model that
President Bush used, which you say is “how we got into this mess”. I assume you
are talking about tax cuts for the rich. Can you explain to the American people
how the Bush tax cuts caused the collapse of the housing market and “the worst
recession since the Great Depression”?
2) In response to the $5 trillion in tax cuts
claim:
Closing loopholes will make up for the lost
revenue from lowering rates because more income will be taxed at the lower rate
than at the higher rate. Loopholes that he wants to cut will not be written in stone
because then he cannot work with Congress to pass legislation. The loopholes
need to be debated and discussed on the floor of Congress, not it backrooms like
Obamacare. Also, I look at the economy in a dynamic way. I know that cutting rates
will grow the economy and increase revenue because more people will have jobs
and pay taxes. The study you are quoting does not take that into account. The $5 trillion claim is a static way of
looking at the economy.
3) President Obama uses President Clinton as a
crutch to fall back on:
Clinton worked with a Republican house
because he had leadership experience as a Governor, President Obama lacks that experience.
Clinton lowered the capital gains tax rate, Obama want to raise it. Clinton served
during a relatively peaceful time as compared to previous Presidents, so
defense spending was being decreased. Clinton’s economy was a result of a booming
technology sector due to the “dot-com” bubble. The “dot-com” bubble was not a
result of Clinton’s policies. Clinton never left Bush a surplus. Clinton
borrowed the surpluses coming into the Social Security Trust to pay down the
public debt. However, the intergovernmental debt (money that the government
borrows from itself) went up. It was an accounting trick. Also, the “dot-com”
bubble burst went Bush took over, so the “surpluses” that were on paper never
actually amounted to anything. Bush inherited a recession not a surplus.
4) $10 of spend cuts for every $1 of tax
increases:
Every time that proposition is accepted the
tax increase happens immediately and the spending cuts happen gradually over 10
years, or never at all. Ask Bush Sr. or Ronald Reagan about that.
5) Big Bird and PBS:
Big Bird does not need PBS, PBS needs Big
Bird. Sesame Street brings in millions
of dollars and could survive without government help. Since they are successful
I feel confident that they would survive in the private market. If PBS cannot
survive in the private market, then that means customers do not want it. So the
government should not pay for it.
6) Medicare and “vouchers”:
The premium support model is the same model
that members of Congress use. The private companies must structure a policy
that meets the needs and the requirements of Medicare in order to participate. Competition will create perks like it does in
any industry so it can win over new customers. Look at how cable companies use
perks to get new customers. I’ve never heard someone say they wish there was
only one cable provider. The only complaint I hear is that there is not enough competition.
7) Healthcare costs:
Romney should have stated that his healthcare
place includes tort reform and competition across state lines. In order to
bring down costs doctors need to stop duplicating tests to avoid medical
malpractice lawsuits. People would be shocked if they knew how much a doctor
pays for liability insurance every year. Also, competition always reduces cost.
There is no reason someone in Ohio shouldn’t be able to buy insurance from a
company in Colorado. This is allowed with car insurance, why not medical? The
President was offered these solutions from Paul Ryan and turned them down.
Instead he thinks reducing the reimbursement to doctors and raising taxes on
medical devices will bring down the costs.
8) Dodd-Frank:
Big banks hire lawyers to get around these
regulations, but small community banks get tied up in red tape. Chris Dodd and
Barney Frank are not only the authors of this bill, but they are also
responsible for the crisis in the first place. We need to be honest about what
caused the housing collapse and the recession. It was Liberals in Washington
who thought that it was Big Government’s responsible to help people own a home…even
when they couldn’t afford to do so. The problem in this case was over regulation
that forced banks to lend to people, using Fannie & Freddie to prop up
those subprime loans, which then packaged them together. Like always, it was
Big Government that caused crony capitalism. Most importantly, the Dodd-Frank bill
does not even address Fannie & Freddie in the legislation.
9) Role of government:
Government can only promise us equal
opportunity, not equal outcomes. President Obama wants to micromanage the
American economy to create his idea of social justice, yet he has never managed
anything before in his life. The free market works better with Adam Smith’s invisible
hand not Uncle Sam’s.
10) Federal government’s role in education:
Colorado should not send its tax
dollars to Washington D.C. so it can give them to New York because their
schools are failing. They should keep their money and use it for their own
schools. Secondly, who in America would be content if they could only use the
gas station in their own town, or grocery store, movie theater, or shopping
mall? If we would be outraged over the lack
of choices for those things, then we should be applauded that we allow that to
happen with our public schools. If you want more teachers to be hired, create
more schools for them to work in. If you want teachers to be paid more, then
allow districts to fire poor teachers. Our public schools are a small microcosm
of Socialism. Government controlled, no choice, mediocre pay because it must be
fair for all workers meaning no rewards or incentives for excellence, benefits promised
that can’t be kept, and it results in failure. Allow each school district to create a system
to test their students, grade their schools, and evaluate their teachers.
Parents and students need choice and they need it now.
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