ON ENERGY:
Romney perhaps drew blood for pointing out that a gallon of gas in Nasssau was $1.84 when Obama entered office, and now it’s $4. Obama drew blood in return with his reminder that gasoline was relatively cheap when he entered office precisely because the U.S. economy was collapsing under Republican policies that Romney would supposedly like to revive. Of course neither made the obvious point that gasoline is only expensive insofar as the Obama dollar is very cheap; Obama failing to make that point for obvious reasons, Romney failing to make it because his economic advisers such as Greg Mankiw actually support the Treasury and Fed’s so far successful, and economy wrecking efforts to debase the greenback.
ON CAPITAL GAINS TAXES:
Obama then asserted that Romney thinks economic growth can only occur if capital gains taxes on the rich are maintained at their present rate of 15%.
Romney should have answered him in the affirmative, that capital gains taxes are a cost placed on investment, that if you want more jobs you need more investment, and that the job-maximizing capital gains rate is zero, but instead he repeated for seemingly the 6th time his platitudinous line about how “I know what it takes to create jobs, and my five point plan will get us there.”
Those listening to the debate on the radio probably thought they were listening to a 4th grade debate, as opposed to a faceoff between two men vying to lead the richest, most important nation on earth. Seriously, we used to be a serious country with serious leaders.
Romney should have stuck to his main campaign issue when he answered that student.
Starting with a simple statement like this. I will make the US economy grow and employment will grow together with the healthy US economy.
Tamny failed to understand how unbelievably stupid Obama’s statement was. Most FReepers snorted in derision, and Tamny thinks Obama drew blood.