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Originally Posted by Adam
Doesn't matter. The stock market was near rock-bottom as Obama went into office. Now it is up near pre-crash levels. Obama saved the economy. Re-elect Obama. At least that's how many will perceive it.
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You know what? It really does matter to me. I am more interested in substance over style.
Ryan has made the statement that in times of crises, solvent credit needs to back up private credit. It really is just another way of saying that sometimes the government has to use taxpayer money to protect private business.
It would depend on who you asked to find out if that is true or not. The point is clear though, the belief that at times the Fed must come to the rescue of private entities is shared by Obama, Romney and Ryan.
Ryan also voted for the largest entitlement expansion since the Great Society, i.e. Medicare Part D. He said it was to make it more efficient. Is that true? It is true that on the prescription coverage, 94% more seniors are covered. However, it also added $9 trillion in "unfunded" liabilities to the program.
And while we are at it, let's talk about Romney's 12 million jobs claim. Moody’s Analytics forecast, from 2013 to 2016, will increase 12 million jobs and it really is not going to matter who is elected. If Romney does get elected, he will take credit for it, just like Obama will. But, the fact is, it is naturally going to happen anyway.
I also read an article by Mona Charen at Townhall. She states, "If Mitt Romney is elected and secures Republican control of both houses of Congress, the U.S. could be poised for a vertiginous economic snapback."
What if they don't secure both houses?
So, my point in all of this debating on choices - I don't see a huge difference between the two candidates. It looks like it won't matter at all, even with all the fear mongering. I'm not buying into it.
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