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Wed Oct 24, 2012, 01:58 AM

Robert Reich: The true source of economic uncertainty is Mitt Romney

In which Robert Reich explains why the meme that President Obama's policies are causing "economic uncertainty" are bullshit and how Romney's non-existent policies are where the uncertainty really lies...

. . .

Yet, paradoxically, not a day goes by that we don’t hear Romney, or some other exponent of the GOP, claim that businesses aren’t creating more jobs because they’re uncertain about the future. And the source of that uncertainty, they say, is President Obama — especially his Affordable Care Act (Obamacare) and the Dodd-Frank Act, and uncertainties surrounding Obama’s plan to raise taxes on the wealthy.

In fact, Romney has created far more uncertainty. He offers a virtual question mark of an economy

For example, Romney says if elected he’ll repeal Obamacare and replace it with something else. He promises he’ll provide health coverage to people with pre-existing medical problems but he doesn’t give a hint how he’d manage it.

Insurance companies won’t pay the higher costs of insuring these people unless they have extra funds — which is why Obamacare requires that everyone, including healthy young people, buy insurance. Yet Romney doesn’t say where the extra money to fund insurers would come from. From taxpayers? Businesses?

Talk about uncertainty.

Romney also promises to repeal Dodd-Frank, but here again he’s mum on what he’d replace with. Yet without some sort of new regulation of Wall Street we’re back to where we were before 2008 when Wall Street crashed and brought most of the rest of us down with it.


MORE...

http://robertreich.org/post/34214062077

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Reply Robert Reich: The true source of economic uncertainty is Mitt Romney (Original post)
ProfessionalLeftist Oct 2012 OP
Democratopia Oct 2012 #1
ProfessionalLeftist Oct 2012 #2
antigop Oct 2012 #3
jonpaulprime Oct 2012 #4

Response to ProfessionalLeftist (Original post)

Wed Oct 24, 2012, 02:05 AM

1. The fact that Romney has got away with so much

 

explodes the myth of the "liberal media."

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Response to Democratopia (Reply #1)

Wed Oct 24, 2012, 02:35 AM

2. It's stunning to me the crap that goes ignored about Romney

Stuff that if it were Obama or any Dem - would be enough to completely disqualify them from the race. HUGE scandal.

But when a Repub is involved in same - it's not even mentioned. It's testimony to who and what controls our media in this country. And it's not "liberals". Big corps and their asskisser politicans (mostly Repubs) control most all of the U.S. media, the Congress and the Supreme Court. That needs to change.

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Response to ProfessionalLeftist (Original post)

Wed Oct 24, 2012, 09:56 AM

3. Reich is not entirely correct...you have to have health coverage to keep coverage under Romney

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Response to ProfessionalLeftist (Original post)

Wed Oct 24, 2012, 10:58 PM

4. Robert Reich -- dependably sane as always

he's a genius.

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