Poor old boring Timmy Pawlenty had to do something to not look like ... well, anybody sane. He proposes a 5% GDP growth while slashing taxes and federal spending. One way is to cut the government out of anything you could Google as a service. I guess the FBI is gone since a quick google will find you private investigators and certainly that evil EPA can be replaced by Waste Management. There will be two tax rates, 10% up to $50K and 25% thereafter. Estate tax gone and corporate taxes cut to 15%.
You'd be well informed to understand that the last time the growth was 5% for even two consecutive years was 1973-4. The top Fed income rate was 94% and capital gains were at 77%. He proposes something historically unlikely driven by something factually contradicted.
Where does the rest of that field go from there? What nuttiness is Mitt pushed into advocating in order to keep up? These folks are doubling down on all the crap that directly led to where we got to in 2007. Is anybody paying attention and doing spit to deconstruct the lying bullshit that passes as GOP economics?
There is actually talk that the GOP could make a run of it in the 2012 General... That sure gives the Democrats lots of room to play at "not as bad as." It must be plain old masochism that keeps me interested in politics.
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