The Fourth Option (A Centrist Perspective) Blog

As stated in Romney’s Reaganism Part 1, Romney’s plan, which is very attractive to the richest Americans and corporate America, will produce very good and very bad results.      Its good results will include tremendous earnings for the richest Americans and Corporate America: It will allow them to make boat loads of money – in addition to the boat loads of money they’re making under the states and federal tax cuts they were given during the Bush and Obama years, and the boat loads of money they made as a result of the state and federal tax incentives that followed the mid-term elections. As a matter of fact, the richest Americans and corporate America have received substantial tax cuts for the past 31 years. (As mentioned before, Ronald Reagan promised these tax cuts in 1980; he started them in 1981, after he became the President of the United States.) From that day to the present, the richest Americans and corporate America have received more than 15 federal t...

     If the rhetoric of Mitt Romney sounds familiar, it should. If Romney’s promises paint a familiar picture, they should. They majority of us in the 40+ age groups have heard these notes and have seen this sketch before. Romney’s economic policy is Reaganism revisited. Think about it:      In 1980, Ronald Reagan stated his economic plan to the American people. In this plan he promised to do five things – First, he promised to cut taxes on capital gains and corporations. Second, he promised to “Get government off our backs” by deregulating all policies that interference with economic growth and corporate expansion. Third, he promised to reduce the reliance of “some Americans” on government entitlements. He reminded us that we were “a nation of rugged individualism” in which individual success in life was earned through hard work and perseverance – not through government handouts. Fourth, he promised to slow/reduce the growth of governm...