the party of ideas

What ‘Dramatic’ Something Will Mitt Romney Use To Save The Economy? Tax? Cuts?

New fashions from the Romney RecoveryMitt Romney will fix the economy. Okay. How. Well, now, let’s just hold on a minute and take things one step at a time. The first step is to say that he “can absolutely make the case that now is the time for something dramatic.” Once he has furthered the case that he can absolutely make the case for something, then we’ll move on to step two: he will make the case that he can make the case that he will make the case for something. Now hold your horses, this won’t happen overnight. When it does happen, he will make the case that a case will be made for something. And then the case will be made for more tax cuts, which will spur further pushes for tax cuts and the profits for the small business jobs and such and money.

Mitt Romney said yesterday that he opposes further fiscal spending or monetary stimulus, which we had some indication he might say since that is his well-known position. What he will do, however, is save the economy by doing something.

Mitt Romney is calling for “something dramatic” to help the economy recover, but he’s not saying exactly what.

The Republican presidential candidate says he opposes another federal stimulus package and new government programs. He also says that if the Federal Reserve were to undertake another “massive” program of buying government bonds and mortgage-backed securities, with the goal of driving long-term interest rates even lower, it wouldn’t help the recovery.

“I can absolutely make the case that now is the time for something dramatic and it is not the time to grow government. It’s the time to create the incentives and the opportunities for entrepreneurs and businesses big and small to hire more people and that’s going to happen,” Romney said an interview aired Sunday on CNN’s “State of the Union.”

A senior source familiar with Romney’s thinking who does not exist and requested anonymity for fear of endangering his nothing tells Wonkette that Romney’s weighing the following dramatic ideas for economy-saving.

  • Defund NPR

A handsome list of policy proposals. But the crux of all of Romney’s budgetary and macroeconomic plans, of course, is his plan for 20 percent marginal tax rate cuts across the board while maintaining revenue-neutrality by closing upper-income loopholes and deductions. As has been obvious from the instant he announced this at one desperate point or another during his primary campaign, and as confirmed more sciencey-like last week by the Tax Policy Center, he would only be able to maintain revenue-neutrality for such sweeping rate cuts by going after the biggest middle-class deductions. Shorter version: His plan would raise taxes on all but the very rich. Shorterer version: The thing, the fucking thing. And it would have a dramatic effect on the economy.

[Yahoo/AP]

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About the author

Jim Newell is Wonkette's beloved Capitol Hill Typing Demon. He joined Wonkette.com in 2007, left for some other dumb job in 2010, and proudly returned in 2012 as our "Senior Editor at Large." He lives in Washington and also writes for things such as The Guardian, the Manchester paper of liberals.

View all articles by Jim Newell

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205 comments

    1. Boojum

      It is very simple. He will cut taxes, as indicated. Legislation to close loopholes will stall in Congress. Deficits will soar, putting more money into the economy, mostly in the hands of the rich. Deficit spending will spur growth, in the least efficient, most unfair way possible. However, Romney and the Richies will get credit for a deficit backed recovery while they take ownership of the rest of our stuff.

      1. bikerlaureate

        Yessss. He's so proficient at it that the impact is lost.

        Then again, he is proficient at something, so we got that going for us, which is nice.

  1. Oblios_Cap

    Mitt Romney is calling for “something dramatic” to help the economy recover, but he’s not saying exactly what.

    I'm betting that it's losing the election.

    1. Baconzgood

      We don't tolerate childishness here. And we don't accept cheap photo shopped photographs to make mittens the butt of a joke….Tee-hee…I just typed "butt"

  2. SorosBot

    Remember how John McCain had his secret plan to get bin Laden, which he wouldn't share with anyone but totally would work? To bad we didn't elect him since Osama is still alive and well today.

      1. SorosBot

        His secret plan involved secret messages to South Vietnam to undermine LBJ's peace negotiations; a plan which worked well for Reagan too when he undermined Carter's attempts to get the hostages home from Iran.

        1. James Michael Curley

          It is well accepted that the conduit was Siro Agnew to Anaa Chenault to Nguyen Van Thieu and I have, since that story surfaced in the late 80's suspected that Agnew was thrown under the bus in the hopes that the story would not surface. When Big Mihn was attempting his comeback in 1971-1972 he knew too much and despite being in exile knew too many people from the Diem-Nixon click. Graft by a former Mayor in Baltimore, County Executive and Vice President, even in 1973, was not an especially alarming charge while the earliest of the Watergate Stories were brewing. On the other hand, treason was.

    1. fuflans

      i think the difference here is that jammakin didn't have a plan. i think romney actually has a plan. he just doesn't dare tell the american public what it is.

      (this is not snark, sorry).

      1. SorosBot

        I think Romney does have a plan, but it's to use the economy as an excuse to push through a bunch of right-priorities like cutting taxes for the rich while slashing government benefits for the rest of us which actually hurt the economy and will plunge the US back into full recession; just like in the UK, Spain, etc.

        1. fuflans

          yup that's exactly what i was suggesting (in my snarkless way). i think they're gunning for the big entitlement programs – and dare not say it out loud.

          and npr of course.

  3. hagajim

    Dramatic…what's dramatic about giving jerb creatorz more of their monies while making sure those of us who buy stuff have less?

  4. MumbletyPesade

    I'm still waiting for him to finish making-the-case etc. ad infinitum to his handlers as to who his running mate shall be.

    ETA: Dewey beat me to it. The belatedly sought Wonkville headline indicates Rafalca's handlers have taken over where Mitt's left off.

    1. mlle_derp

      If I'm not mistaken, Beth Myers, the woman who's supposed to be in charge of the veep selection, is another part owner of Rafalca. I believe she was one of the 3 women who gave the horse a standing ovation while the rest of the audience rolled their eyes & cursed rich Americans with too much money & too much time on their hands.

      She's like Ann's sister wife.

    2. James Michael Curley

      So with Rafalca's growing stature as stud the handlers will do to him the same thing they have been doing to Mitt.

      1. Oblios_Cap

        Rafalca is 15-year old mare with "a milk chocolate coat, raven tail and white socks above three of her hooves

        No stud work for her!

    1. Preferred Customer

      And by "personally" you mean "take out a loan backed by the State of Ohio to pay for his acquisition of the State of Ohio." He will personally receive a small, large management fee for thinking of this idea, in perpetuity.

    2. sewollef

      "He is personally going to purchase the state of Ohio"

      Hmm…. I didn't know about this. Are there any other states up for sale? There's a couple I might be interested in….

  5. BaldarTFlagass

    "Mitt Romney is calling for “something dramatic” to help the economy recover, but he’s not saying exactly what."

    Bring back Feudalism?

  6. BaldarTFlagass

    You know who else did something dramatic to bring his country back to economic viability?

      1. Ducksworthy

        I think you've guessed it. Kill the unions and loot the social security trust fund. That's a proven winner.

  7. Goonemeritus

    He will take the Jack Boot of Government regulation of the neck of our entrepreneurial banking industry. I just know given a free hand there are plenty of new derivatives to be bundled and swapped.

  8. LetUsBray

    Hey, his plan isn't just to defund NPR. He's going to get rid of Planned Parenthood, too. Then on to step 3: Profit!

  9. SorosBot

    Is "something dramatic" another war? Iran's still pissing us off, what with their continued instance on existing.

    1. sewollef

      Damn it, beat me too it. I was going to comment 'Romney' and 'thinking' are mutually exclusive.

    1. Ducksworthy

      The operative word there is "his". Actually, "his" tax rate has been zero or less since about 1980.

  10. freakishlywrong

    Jesus these people.."blahblahjawbcreatorsincentiveblahopportunityblah" all it means is "we're going right back to the Bush years, tax cuts for the wealthiest, and poors, don't die where we have to step over you".

  11. Preferred Customer

    My neighbor just replaced his "I REALLY miss Reagan" bumper sticker with a Romney-Believe in America bumper sticker.

    Perhaps he will use his tax cut to finally fix his broken shutters, which have been annoying the crap out of me for two years now.

    1. Oblios_Cap

      Well, he damn sure ain't paying some union goon to do it properly. So, even if he does try to fix them, they'll still be annoying the crap outta you.

      1. Biff

        So it's true about jerb-creators holding back on hiring until the Blah Man is out of the White House, then?

    2. actor212

      Walk around your place naked. He'll get them fixed in a jiffy.

      Or, if you are actually teh sexay and shy, hire a homeless guy to do it for you.

      1. Generation[redacted]

        It will be revenue neutral when he applies an equal tax hike to food stamp recipients.

      1. Ducksworthy

        Umm. Actually "space Mormons" would be redundant. Please See: Plan 10 from Outer Space wherein "A woman accidentally discovers the Plaque of Kolob which leads her to discover an insidous alien plot for world domination documented by a disreputable early Mormon prophet. "

        1. Biff

          No doubt about it, I need to get out more! Nearest theater is 70 miles away, not enough bandwidth to download movies, etc.

  12. OkieDokieDog

    Don't forget he'll also defund the favorite tv network of Lawrence Welk viewers and those abortion mills. That should add a couple of dollar bills to the War Kitty pot.

  13. Oblios_Cap

    Mitt Romney said yesterday that he opposes further fiscal spending or monetary stimulus, which we had some indication he might say since that is his well-known position. What he will do, however, is save the economy by doing something.

    Let's see – Discretionary income and real wages going are down, businesses are sitting on cash instead of investing (hardly a new thing), and no increase in government spending is what will grow our economy? I know classical economics is bullshit (it's all in the assumptions), but unless the economy magically grows some 4th leg, that's a recipe for disaster.

    I'm trying, but I can only seem to manage growing a third leg these days.

  14. bflrtsplk

    He will ask us all to drive to Canada with the dog tied to the roof of the RV because … terrorism, I mean, jerbs.

  15. Dr. Nick Riviera

    I'm sure he has his plan locked up safe with the last 10 years of tax returns and his understanding of the middle class.

    1. Gleem McShineys

      Lots of magicians use "magic" to make things disappear. Therefore, you see, his magic underwear is just working as it should.

  16. OkieDokieDog

    Looking at that photo – Mittens should stuff a sock or cucumber or something in there to try and get the coveted Ladies Love Hot Hung Dudes vote.

  17. sewollef

    Come on….! Who the hell wears a business shirt and tie tucked in to jeans. Jeans. And what is he doing exactly, dancing? Is he doing the 'boogie-woogie'?

    My eyes hurt looking at that picture.

    1. anniegetyerfun

      I hate to be the one to say this, but it's just an excellent Photoshop. But you knew that, right?

      1. SorosBot

        Considering that every time that image is shown here, someone people always think it's real, even though it's been pointed out that it's a photoshop many, many, many times, apparently not.

        1. widestanceromance

          What makes it so believable is that no one would really be surprised (horrified, yes/surprised, no) by Willard's total lack of human genitalia, not someone's photoshop prowess.

        2. Gleem McShineys

          Look if Arpaio can still more or less legitimately raise the question about Obama's birth certificate, can't everyone more or less legitimately say this is an accurate portrayal of Mitt's dingus region?

      2. sewollef

        Damn. To be honest, as someone who works with Photoshop day in and day out, [I'm a designer for an ad agency], I just had not considered it to be fake.

        Really, the reason I gave that no consideration, was probably because it IS something Romney would do and/or wear. He's such a prick in almost every other aspect of his life, I took it at face value.

        I feel used now.

    1. BaldarTFlagass

      Nuclear war won't do shit for the unemployment numbers. We need a good quagmire-inducing ground war over there.

  18. Baconzgood

    Sooooooo to fix what the Laffer Curve caused we must impliment more Laffer Curve policies? Good luck with that one.

    1. BaldarTFlagass

      "What's that smell in this room? Didn't you notice it, Mitt? Didn't you notice a powerful and obnoxious odor of mendacity in this room?"

  19. TootsStansbury

    What if this asshole gets elected? I can't figure these repubs out. It's like they're an unholy mix of fascism, objetivism, authoritarianism and just plain meanness. And real murka just eats it up. It's like half the country has list their minds.

    1. SorosBot

      Remember 2001-2008? It'll be a lot like that, only most of the Republican legislators are now totally insane.

    2. freakishlywrong

      Oklahoma is on on fire. The crops are dead. It hasn't rained all summer and it's been a million degrees. They elected Inhoffe.

  20. Callyson

    Mitt Romney is calling for “something dramatic” to help the economy recover, but he’s not saying exactly what.

    Please, please let us have just one moderator who asks "Governor Romney, why should the American people vote for someone who won't tell us what he would do if elected president?"

    FFS…

  21. Oblios_Cap

    Maybe he's planning to pimp out Rafalca to help balance the budget. But only to the best horses; you people can leave the workhorses in the barn.

    1. HistoriCat

      Like McCain, he has to keep the plan secret – if he talks about it, it might be stolen. You know how those people are.

      (Come here a minute beat me to it [p. 2])

  22. pinkocommi

    "Mitt Romney is calling for 'something dramatic' to help the economy recover"

    Options:
    1. You are now allowed to sell your own organs!
    2. Magic underwear and posthumous baptisms for everyone!
    3. Everyone gets their own Swiss bank account containing 30 hobo beans!

    This is a fun game.

  23. Come here a minute

    Do you expect him to reveal his secret plan, only to have Obama steal it? Nice try!

  24. mwittier

    Wasn't aware there was a talent portion to the presimadential race.

    Okay, twirl the fake white rifle (that he has a constitutional right to), heel, toe, heel, kick, toss the fake white rifle waaaaay up in the air, shimmy, JAZZ HANDS, CATCH!

    DRAMA!

  25. BlueStateLibel

    This sounds like one of those teevee infomercials. Where do I send my $19.99 plus shipping to get the big secret?

  26. PubOption

    I'm reminded of Sir Humphrey discussing politicians logic, in an episode of 'Yes, Prime Minister'. "We must do something. This is something, therefore we must do this".

    1. freakishlywrong

      It's great, isn't it? All the hand wringing and calls for "civility". The wingnuts have been impossibly ugly for years and when a soft spoken, powerful Democrat plays hard ball they cry like the 10 year olds they are.

  27. OneDollarJuana

    I say we feed the unemployed to the poor factory-farm pigs that are having to eat higher-priced corn because of the drought. Lowers the unemployment rate, good for farmers, good for pork-lovers. Win Win Win!

  28. randcoolcatdaddy

    "Mitt Romney is calling for “something dramatic” to help the economy recover, but he’s not saying exactly what."

    A payday loan at 1,200% interest from his Swiss bank account for every working American, perhaps?

    1. Gleem McShineys

      Crotch? Hell, his "dramatic something" also seem to be missing a few bits as well.

  29. thefrontpage

    The Washington Herald-Courier-Journal has obtained exclusive, inside campaign documents from Romney campaign officials, and, according to the documents and those officials, the main weapon that the Romney campaign plans to use to improve the economy is an elaborate, highly-detailed, multi-layered plan to focus on firing every Republican official, worker, administrator, manager, director, commander and any other top-level Republican official in all sectors of the federal government, including the executive, legislative and judicial branches. Those who cannot be fired–those who were elected to offices–will be asked to leave or face severe reprimands. The general thinking is that by clearing out the Republicans, the government can go back to working on actual progressive, forward-thinking, helpful, intelligent and productive legislation, bills, issues and programs that will actually help people, help the economy, help business, and help the country. This is known as the Romney Plan to Improve the Country, or RPIC.

  30. janicket

    Isn't it obvious? He's going to announce tax breaks for the importation of dressage horses! Just think of all the jobs that will create: Manure muckers, grain and hay producers, top hat makers, saddlers, farriers, grooms, riding-ring rakers, barn aisle sweepers, crouching human mounting blocks…. Why, the possibilities are endless!

  31. lochnessmonster

    Okay I grew up when we had unisex boutiques but do the Romney's really have to share jeans with Ann? I think he could buy a few pairs of his own having the kind of cash they have.

  32. mlle_derp

    Losing the election would helpd fix the economy, but wouldn't be all that dramatic.

    But if HE DROPPED OUT OF THE ELECTION???

    1. HistoriCat

      Drop out, hell – he's going to endorse Obama days before the election. Now that would be dramatic!

    1. Gleem McShineys

      To emphasize just how much he will NOT be like his Dad, who released his tax returns?

  33. Isyaignert

    I got an envelope from Mittens today along with a picture of him and Ayn, a letter saying how bad Obama and the Liberals are and how awesome the Republican party is, and a postage-paid return envelope in which to send my check.

    I'm going to send their envelope back alright, but with a one pound piece of steel in it.

  34. TribecaMike

    With apologies to Patsy Cline

    I go out walkin'
    In my mom jeans
    Just to pick up
    horny Methodists
    I go out walkin'
    In my mom jeans
    Thinking of you

  35. kateinmt

    Mittens apparently thinks men wearing MomJeans™ is something dramatic enough to change the economy.

  36. ttommyunger

    "WHAT ‘DRAMATIC’ SOMETHING WILL MITT ROMNEY USE TO SAVE THE ECONOMY? TAX? CUTS?" Oh, I don't know….Getting his ass handed to him in November?

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