First, let me point-out that The Wall Street Journal is part of Rupert Murdock’s Media Empire, along with Fox “News”, among many other print and cable sources. It is certainly a Key Media Source for the US Financial Community, and it tends to move somewhat in lock-step with the Conservative Agenda. The linked Editorial, in Friday’s Journal, Mitt’s Speech Gamble, http://online.wsj.com/article/SB10000872396390444914904577623702131613774.html, seems to suggest that the speech might carry risks–and doesn’t appear to have “sealed the deal”.
I have previously written that, if you searched for either Mitt Romney’s or Paul Ryan’s Plans, either for Taxes, Health Care or Medicare/Medicaid, there doesn’t appear to be any “there, there”. Both Gentlemen claim they will cut Taxes (mostly on the Wealthy) and, after obliterating Food Stamps, PELL Grants (for College) and de-funding Planned Parenthood (a primary source for Women’s Health Care in Rural and Inter-City Areas), they claim that they will make-up the rest by eliminating Tax Loopholes. Two questions come to mind: which loopholes and are there enough to offset the substantial Tax Cuts?
Oh, and Mitt received a warm applause by saying that “…I have a Plan to add 12 Million more Jobs”. The Bi-Partisan Congressional Budget Office has already projected that 11.8 Million jobs should automatically be created by the Economy itself, between 2012 and 2016. So, Mitt would only be adding 200,000 jobs in five years.
Political pundits have questioned whether Romney was channeling Richard Nixon, in 1968, when he claimed to have a “Secret Plan to End the War in Vietnam”. In this case, however, Mitt is mostly repeating what is projected, regardless of who is in the White House.