By Mike Konczal

Romney Will Solve The Crisis With The Exact Same GOP Plan Of 2008, 2006, 2004..

September 3, 2012 4:43 pm Category: Memo Pad 27 Comments A+ / A-

Romney’s five-point plan to adress the specific aspects of our current jobs crisis recycles, nearly word for word, plans from far different economic times.

I’ve been watching the 2012 Republican National Convention, trying to get a sense of what the conservative diagnosis is for our weak economy and what they’d do in response. Is it the bizarro stimulus of raising interest rates, balancing the budget, and forcing foreclosures? Is there a secret housing plan? Or will it be a program of Reactionary Keynesianism, with an expanded military, massive tax cuts for the rich, and a SuperDuperCommittee to recommend tax expenditures that will go nowhere?

I take these arguments seriously — I actually really enjoy making maps to help explore them. One argument worth bringing up is the idea that they are just proposing to do the policies they want all the time anyway — the policies they wanted in 2008, or 2006, or 2004 — but are pretending there’s a reason it would be extra important given our current recession.

So on August 30th, 2012, with unemployment at 8.3 percent and with a serious long-term unemployment problem, Mitt Romney gives the RNC acceptance speech. He outlines a plan to create 12 million jobs in the next four years. As Jared Bernstein pointed out, that’s what Moody’s says will be created anyway. But forget that. How will Mitt Romney do this? He has a five point plan (numbers in [brackets] here and in the rest of the post are added by me):

And unlike the president, I have a plan to create 12 million new jobs. It has 5 steps.

[1] First, by 2020, North America will be energy independent by taking full advantage of our oil and coal and gas and nuclear and renewables.

[2] Second, we will give our fellow citizens the skills they need for the jobs of today and the careers of tomorrow. When it comes to the school your child will attend, every parent should have a choice, and every child should have a chance.

[3] Third, we will make trade work for America by forging new trade agreements. And when nations cheat in trade, there will be unmistakable consequences.

[4] Fourth, to assure every entrepreneur and every job creator that their investments in America will not vanish as have those in Greece, we will cut the deficit and put America on track to a balanced budget.

[5] And fifth, we will champion SMALL businesses, America’s engine of job growth. That means reducing taxes on business, not raising them. It means simplifying and modernizing the regulations that hurt small business the most. And it means that we must rein in the skyrocketing cost of healthcare by repealing and replacing Obamacare.

So his plan focuses on domestic energy production, school choice, trade agreements, cutting spending, and reducing taxes and regulations. This must be a set of priorities reflecting our terrifying moment of mass unemployment, right?

Let’s flash back to September 4th, 2008, at the RNC where John McCain is giving his speech accepting the 2008 Republican presidential nomination. Unemployment is 6.1 percent, though the Great Moderation is coming to an end; within a year it’ll be close to 10 percent. Two weeks later, as Lehman Brothers was collapsing, McCain would say “the fundamentals of our economy are strong.” What were his recommendations for the economy in that nomination speech?

I know some of you have been left behind in the changing economy, and it often sees that your government hasn’t even noticed… That’s going to change on my watch…

[3] I will open new markets to our goods and services. My opponent will close them…

[4] I will cut government spending. He will increase it…

[5] We all know that keeping taxes low helps small businesses grow and create new jobs…

[4] Reducing government spending and getting rid of failed programs will let you keep more of your own money to save, spend, and invest as you see fit…

[2] Education — education is the civil rights issue of this century. Equal access to public education has been gained, but what is the value of access to a failing school? We need to shake up failed school bureaucracies with competition, empower parents with choice…

[1] We’ll attack — we’ll attack the problem on every front. We’ll produce more energy at home.. Senator Obama thinks we can achieve energy independence without more drilling and without more nuclear power. But Americans know better than that.

It’s the same exact agenda. Specifically, the Romney agenda for job creation in 2012 is stuff that John McCain wanted to do anyway in 2008.

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Romney Will Solve The Crisis With The Exact Same GOP Plan Of 2008, 2006, 2004.. Reviewed by on . Romney's five-point plan to adress the specific aspects of our current jobs crisis recycles, nearly word for word, plans from far different economic times. I've Romney's five-point plan to adress the specific aspects of our current jobs crisis recycles, nearly word for word, plans from far different economic times. I've Rating:

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  • http://www.facebook.com/dominick.vila.1 Dominick Vila

    Facets of his plan were also evident in Nixon’s and Reagan’s socio-economic agendae. and are consistent with what the GOP stands for nowadays. Romney’s economic “solution” is based, almost entirely, on the premise that giving more tax breaks to the wealthy is the only way to achieve sustainable economic growth and low unemployment, and towards that end he proposes the elimination of popular middle class deductions and the elimination of social programs that benefit the middle class and the poor as part of the formula needed to take America back…to the Norman Rockwell society of yesteryear, the days of child labor and the company store, no minimum wage or overtime pay, no paid vacations, no safety or environmental regulations, no Wall Street regulations, and shoot before you ask. No wonder the Koch brothers, Sheldon Adelson and every neocon and Tea Party enthusiast love him…the question is, do they trust him? That’s the reason Paul Ryan – Dick Cheney’s clone – is on the ticket.

    • William Deutschlander

      Yes Dominick from the last true Republican, Eisenhouer, to this very day the Republicans have preached the same sermon. The result, the Reagan Recession of 1982, the H W Bush Recession of 1989 and the G W Bush GREAT RECESSION of 2008.

      It appears that those who sustain the Republican failed theory have no mind or memory, or perhaps desire an AUTOCRATIC DICTATORSHIP.

      • http://www.facebook.com/dominick.vila.1 Dominick Vila

        Plus the Savings and Loan debacle in the 80s, the investment bank bailout, deficit spending, tax breaks for people who do not need them, and the deregulation that contributed to the ENRON, AIG and other fiascos, not to mention the BP oil spill in the Gulf which was largely the result of gutting the EPA to the point that it is totally inefficient.

        • http://pulse.yahoo.com/_ATWBFZDJ4ZDX66YX4EZBA4AFZQ dana

          And may I remind people, Pres. Obama negotiated 20 billion from BP which the Republicans apologized to BP for our extortionist President. (I guess they only apologize to their corporate masters.) Had the Republicans been at the helm the taxpayers would be on the hook.

      • http://pulse.yahoo.com/_KOPKDFAUQPIIRAFI3HEXNMSHLQ Ed

        Well, you got it right. They seek an autocratic dictatorship. Which also is what the founders wanted!

      • onedonewong

        You didn’t mention that Reagan inherited the WORST recession ever from Carter and that Clinton dumped his recession on W . Even Nixon had to fix the recession that LBJ had left him.
        There is one constant theme in all these…every recession was caused by a democratic congress

        • grammyjill

          Not a history major HUH?

          • onedonewong

            Don’t need to be I have great comprehension skills. You though might try to learn some so you don’t look so foolish

          • grammyjill

            When Regan left we were in a recession, when Bush 1 left we were in a recession (that one took Clinton six years to get us out of and he left a surpluss) Bush 2 left us the recession we are still trying to get out of. I am a reader of history.

          • onedonewong

            Reader of history next time try reading some American History not the democrat socialist news letters

          • grammyjill

            Just can’t give up your fantasy would huh?

          • rustacus21

            See my comments above; VERY tru stuff, but confusing for conservatives who don’t comprehend politics, history or economics, as the last 4 consecutive Republican administrations drive home like no other collection of history EVER has. Making not a scratch on the granite-composed brain density of Republican voters. Only those who suffer the Fox network version of ‘history’, where the fact-checker is on a perpetual coffee break, do facts have no meaning whatever…

        • rustacus21

          … the question tho, was it necessary? Or did U 4get that Carter ‘inherited’ THAT economy from a Republican? Congressional action is very complex, in case U have been paying attention over the last 10 or so years. The ‘horse trading’ isn’t a new phenomenon, but why is it that Republican administrations, since Nixon, have all ENDED in fiscal & economic collapse – but not a single Democratic administration? Carter only had 4 yrs. Clinton 8. Obama 4. On the other hand, Nixon had a curtailed 8 (6, via his criminality-exercised early exit), Reagan-Bush – 12, Bush II, 8. W/the Republicans, there was recession & near/total economic implosion. W/Clinton (as he’s all we have to compare, w/multiple terms), pristine & immaculate surplus, full employment, prosperity to every demographic – poor to ultra rich & a peaceful world w/no wars & NO American soldiers dying needlessly. Oh & LBJ was a conservative, as are most Texans of his generation…

          • onedonewong

            You continue to miss the 1 key ingredient to all the good and bad for the US economy. Who controlled congress..
            Carter Dems
            Reagan Dems
            Bush Dems
            Clinton republicans
            W 1st half republicans and the 2nd half when all the wheels came off Dems
            Obummer first 2 years when all the red ink spilled dem’s

          • rustacus21

            To: onedonewong; No, I didn’t miss that. History will tell U that Carter had an uncooperative Dem majority that was feeling the pressure from vengeful conservatives out for blood over Watergate (& have been SINCE!!! i.e. Dukakus, Clinton, Gore, Kerry, Obama, etc.); the phoney economic crisis (that never materialized – til after supply-side economics ruined it) Reagan was ‘instructed’ to harp on incessantly kept the Dem majority pliant during those years (1981-1992); but U didn’t talk about Clinton’s Dem majority, which was feeling the heat for his ‘rumoured’ indiscretions & were quickly dispatched after they were instrumental in canceling the Reagan tax cuts, leaving he, like Prez Obama, stranded & fighting nearly as single-handedly, for the American Middle Class. Starting to see a pattern here? If not, check out how the Dem majority was ‘hostage’, til 2006, to the fear mongering of the 2001-2009 administration – til they & the American people came to their senses that this was another of those Reagan-esque ‘chicken little’ terror games conservatives excel at. I didn’t have time to research all this for presentation so I hope U won’t mind doing the leg-work & reporting back. Literature from the period, as well as bio’s by the players involved will yield a treasure trove of references either to concur/dispute the above…

      • onedonewong

        did you miss the Carter recession of 1979 the LBJ recession of 1967, the Clinton recession of 2000 and the Barak recession of 2009-2012//

    • onedonewong

      Where have we seen Barak’s pan for the US economy in 2008,2009 2010,2011 and 2012?? oooops that’s right he didn’t have one and EVERY One of his budgets were voted down either 99 to 0 in the Senate or 419 to 0 in the House

  • frank l. bennett

    Quote from Einstein

    Stupidly is trying the same thing over and over and expecting different results.

  • msrita

    Regan lead the way for illegal immigrants. That’s the problem.

  • http://www.facebook.com/michael.ross.7505468 Michael Ross

    It could also be another way of saying that Republicans couldn’t give half a crap about any of this. They just say what they think people want to hear, and then when the election is over they retreat into their back rooms and do nothing but give tax cuts to themselves all year.

  • http://profile.yahoo.com/OXTU3544GEJWVS4N3VO7FPG34M Hajji

    do we really need more of the same broken record? just promisses to fool the uninformed uneducated person to vote for them. WE NEED ACTION NO PROMISSES. V for the one who will lead us to prospority, NOT WARS. SO FAR REPULICANS SPELL WAR. ROMNEYWAR IS ALREADY PROMISSING WAR IS THAT WHAT REALLY WANT,OR WE NEED TO GET OUT OF WARS FOR OTHERS AND BRING OUR BRAVE MEN/WOMEN BQCK TO THEIR FAMILIES.

  • http://www.facebook.com/addie1luv Allen Covington

    There is NO plan…there never has been a PLAN! This is the just so that really stupid people of which we have an abundance here in america, can make believe they care about their fellow americans. Hahahahaha this from a culture that preachs Me! me, me! Oh and celebrating the “brave” men and women that never seem to include “their” children in the line of fire…But we want them to drive the Bus? Right!!!!

  • http://pulse.yahoo.com/_4HKCTSVHCQJCJUU2VYCERLWWDE Richie T

    “We’ll tell you how we’re going to fix the economy, AFTER we get elected. That way, when it crashes, AGAIN, we can’t scream at them for lying to get elected.
    He’s still doing it, anything and everything he can to get away from showing his taxes. There’s a big difference between doing it legally and doing it right. Even if what he did is legal, but screws this country even more then we already know about, it would cost him votes. He claims he wants to lower the National Deficit, spending less on a credit card doesn’t lower the bill. 2010, he paid $3 million in taxes. If all of his off-shore, tax-free investments were invested in businesses in this country, it would be a help. It’s not like he can’t afford to pay the taxes I’ve got mine, screw-you you’re not my responsibility. deal with it yourself. If that’s NOT his attitude, why doesn’t he invest it here.

  • http://profile.yahoo.com/XWNK5E33OIFUMQVAGQQA7GDM2M Bigspender

    Actually Romney has no plan. He has only glorious results for which there is no valid explanation.

  • ObozoMustGo

    BREAKING NEWS…… BREAKING NEWS…….. BREAKING NEWS…….

    National Debt Hits $16 TRILLION on Opening Night of DemoncRATic Convention

    Congratulations Mr. Obozo!!!! You are succeeding at fundamentally transforming America……………….. into the world’s next bankrupt nation and laughing stock of the world!!!! Way to go!!! Nice accomplishment to speak about at the convention….. NOT!!!

    What timing????? Obozo the messiah must have coordinated this intentionally. After all, he did stop the seas from rising and healed the planet, didn’t he?

    [click images to enlarge]

    Have a nice day!

    “We have elected some very intelligent people to administer our government… ..WHY do they (all elected government officials at all levels; National, State, & Local) not understand that we cannot continue to SPEND more than we take in indefinitely without end … … .????? Have we all gone nuts????… ..Eventually, income MUST equal or exceed spending; it’s just plain common sense, not rocket science… … !!!” – Anonymous

  • onedonewong

    Again another left wing nut who fails to understand the role of Congress in these recession. Look at every one from 1936 and forward and they all were caused by Democratic majorities

  • onedonewong

    What did Nixon’s impeachemnt have to do with a “uncoperative dem majority” let me help NOTHING.
    Clinton was no longer revelent after Newt took over congress. Clunton just played around and Newt ran the congress and presidency and did a hell of a job.
    Obummer and his Dems had both houses from 2007 thru 2010 and their actions were the SOLE cause of the recession as they continued to make it worse year after year.
    That’s what happens when you have 3 nitwits, peeelosi,reid and barak, who never held jobs and we always on the taxpayers teets

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