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.
I am strongly supporting Gov. Romney, but Tamny is basically on the mark in his comments about the debate. I would have absolutely destroyed Obama on question after question, not argued over the better path to folly.
William Flax