Yet More Bad News for Romney

Yet More Bad News for Romney by MSW.  MGB: This is largely old news.  This is largely an update of the work TPC did during the primary process.  Of course, half of GOP voters are leery of anything not done internally, or of any economic analysis at all.  Considering how badly their economic ideas are, you really can't blame them for resisting the truth and trying to discredit it.  The other sad fact is that it is a good bet that Obama will continue the status quo Bush tax cuts, essentially giving us a third term of Bush as far as the economy goes. Obama needs to realize that it is more important to the economy to raise taxes on the wealthy than preserve tax cuts for the rest of us, as that will shake money out of speculation and put it in the economy - as well as taking away the incentive to reduce labor costs with management pocketing most of the savings.  The higher taxes are on dividends and capital gains/carried interest, the less an incentive to cut wages and send jobs overseas (or lose them to robotics).