Originally Posted by BBQMan

Romney has laid out his plan covering adding jobs, foreign relations, healthcare and energy. You can read it at this link or download it as an e-book from Amazon.

Believe In America: Mitt Romney's Plan For Jobs And Economic Growth

thanks for this link....I am getting bit nervous about people saying they dont know his plans....I have no difficulty in finding the stuff....actually in addition you can check almost any of the large news sites and they have the plans published perhaps not in the detail you might want, but he is for the cap, trade and balance I believe and I started a thread on some of his stances on foreign affairs that folks on this forum and the WH castigated him on.

Originally Posted by Bucco

Just for the record, I am more of anti Obama than a strong supporter of Romney, but watching the developments, he is rapidly winning me over...

Recall, when Romney spoke out on China and the White House mocked him on that and now the President is changing gears and coming to Romney on that issue.

Recall, when Romney mentioned Russia as one of our biggest enemies and he was mocked again by the White House, and on here quite dramatically as I recall. Well Russia has just sent warships to Syria to back the massacre taking place over there.

Recall when Romney talked about revising the tax code and it was pooh poohed....now the President after all these years and a blue ribbon panel needs the tax code reworked.

I have never, on any blog, board, or website read such a preposterious posting as this.

Obama is coming to Romney on China? Are you serious? Where do you get your information? Romney is listening to the neo-cons, the hard liners. Or, as they are rferred to, the Cheney-ites.

The tax code? Pols, from both Party's have been talking about revising the tax code for at least 2 decades.

Cheney Adviser Guided Romney 'Hard Line' China Position | ThinkProgress

Originally Posted by coralway

I have never, on any blog, board, or website read such a preposterious posting as this.

Obama is coming to Romney on China? Are you serious? Where do you get your information? Romney is listening to the neo-cons, the hard liners. Or, as they are rferred to, the Cheney-ites.

The tax code? Pols, from both Party's have been talking about revising the tax code for at least 2 decades.

Cheney Adviser Guided Romney 'Hard Line' China Position | ThinkProgress

" From 2008 to 2010, U.S. trade with China alone cost about 450,000 American jobs because of the growth of Chinese exports, said Robert E. Scott, a pro-labor advocate at the liberal Economic Policy Institute. That figure was less than in previous years, but the decrease was probably tied to the U.S. economic slowdown, which crimped demand for imports.

“I think he has walked away from the campaign commitments,” said Scott, the institute’s director of trade and manufacturing policy research. “He has done far too little to improve U.S. trade.”

Of course, that’s one take. There are more objective numbers:

According to a study by the U.S. Bureau of Economic Analysis, large American companies in 2010 barely added any workers in the United States, increasing their numbers by 0.1 percent, while they expanded their foreign workforce by 1.5 percent. That was business as usual — between 2004 and 2010, the bureau reported, foreign affiliates hired 2 million workers while 600,000 were added by the companies at home.

Outsourcing Games - By Patrick Brennan - The Corner - National Review Online

This is what Romney was upset about when Obama had an opportunity to call out China but did not.....and now he plays politics with it.....

"The Obama administration ramped up its hard line on trade with China today, filing an complaint with the World Trade Organization to challenge new Chinese tariffs on American-made cars and SUVs.

The announcement conveniently coincides with President Obama's two-day swing through auto-manufacturing towns in northern Ohio and western Pennsylvania, a region where Chinese trade issues are high on a list of voter priorities"


Read more: Obama Files Complaint Against China Over Auto Tariffs - Business Insider

Does this little political game sound famaliar, like the illegals immigrant thing...the marriage act, etc.

And got to tell you....President Obama early on, and I supported him on it, appointed a blue ribbon committe to give recommendations to him and congress on tax , and guess what happened with this two or more year old study....made headlines and then the committe was told, thanks but no thanks. There was also total control over congress for two years and NOT EVEN AN ATTEMPT at tax revision.

Originally Posted by BBQMan

Romney has laid out his plan covering adding jobs, foreign relations, healthcare and energy. You can read it at this link or download it as an e-book from Amazon.

Believe In America: Mitt Romney's Plan For Jobs And Economic Growth

It's pretty good reading. Everyone should download it and read it. But the piece is sorely short on numbers. He makes the point that the national debt has grown more under President Obama than under all preceding presidents. But where does he say, where does he present a number, projecting how big the deficits will be if his plans are enacted? How much will the growth of the national debt slow? When might we actually begin to pay down the outstanding and growing debt?

Maybe it's just me, the retired banker in me, but all these enticing words don't mean a thing unless we understand in more detail how he will accomplish his glowingly general proposals. I agree with most of the words. Let's see the numbers.

Originally Posted by Bucco

...This is what Romney was upset about when Obama had an opportunity to call out China but did not.....and now he plays politics with it.....

Bucco, as far as "playing hard ball" with China, I'm going to repeat a saying taught to me by a revered, older banker that took me under his wing when I was starting my career in banking. He called it the Banker's Golden Rule. It's really easy to remember...

"He who has the gold rules."

We are simply not in a very good position to challenge China on anything. Economically, if we do things that aren't very thoughtful--like Donald Trump's proposal to slap a duty on everything imported from China--we'd better understand the consequences. If we did something like that, as an example, how much would prices increase on commonly-used good purchased by the American public? What would the effect be on our rate of inflation?

As far as "hurting" China, let's say a move by the U.S., a duty or even a prohibition on the import of certain goods, really effected our balance of trade with China, really cut into their exports to us. It follows, doesn't it, that their economy would slow, more Chinese would be unemployed, and China would have less cash at the government level to make investments. With more limited money available, would they continue to invest in buying U.S. debt, or might they concentrate more limited resources on investing in China to further improve their own productivity and economic growth?

If that were the case, if we try to play economic hard ball with China, I think it's pretty easy to see that we lose! If we need China to keep buying our debt to finance our government spending, what do we do if they slow or stop such investments? Remember, we borrow 42-cents of every dollar our government spends, most of it from China. And another large chunk of our debt is purchased by our own Treasury, with new money that they printed for the purpose of buying our own debt!

Like the man said...he who has the gold rules.