Is a Romney/Paul Ticket in our Future?

After the most recent Republican presidential primary debate, the Santorum campaign beganfloating rumors that the Ron Paul and Mitt Romney campaigns had teamed up to take out the socially conservative politician.  The rumors come at a time when the Michigan campaign is heating up ahead of its February 28th primary election and the candidates are competing for every vote.

Following Wednesday’s Republican debate, Santorum suggested that Ron Paul and Mitt Romney had teamed up in their attacks against Santorum, telling reporters that “You have to ask Congressman Paul and Governor Romney what they’ve got going together, their commercials look a lot alike and so do their attacks”.
Rick Santorum’s top campaign strategist took the rumor even further, suggesting that the two have a “tag-team strategy” and an “alliance”, and even went as far as to suggest that Romney was planning on taking Ron Paul on as his vice presidential running-mate.  Ron Paul has said in the past that despite significantly different foreign policy positions and disagreement over the Federal Reserve, he and Romney get along well.
The Mitt Romney campaign responded by denying that there was any coordination between the two campaigns, his chief strategist Stuart Stevens telling reporters that “I think that’s a sort of whiney silliness…to say ‘people are ganging up on me’ in a debate where there’s only four people in the debate and they’re raising questions kind of speaks for itself.”

Romney Taking Heat Over Position on Auto-Bailout in Michigan

Throughout the media Mitt Romney has taken heat for his position on the auto-industry bailouts.  Voters are noticing, too, as recent polls show that Santorum has taken the lead in the state.  It comes at a particularly bad time as the Michigan primary is just weeks away.

Earlier this week, Mitt Romney penned an op-ed in the Detroit News criticizing the 2009 bailout of Detroit’s Big Three automakers.  In it, he stands by his position at the time of letting the companies go through a managed bankruptcy, which was eventually done by Obama, and touts his Michigan roots as the son of former American Motor Company and Michigan Governor George Romney.  Romney goes on to blast Obama, calling the bailout and subsequent caving to union demands “crony capitalism on a grand scale”. Continue reading

Republicans Should Capitalize on Obama Budget to Nowhere

Class warfare has become a central theme of the Obama campaign.  In his 2013 budget released earlier this week, President Obama proposed major tax hikes on the wealthiest Americans – those making $200,000 per year or families making over $250,000.  Indeed, the “debt reduction” that the president claims is dependent largely on these tax increases alone. Class warfare and raising taxes on the rich may be beneficial to his political campaign, but it is bad for the economy as it merely redistributes wealth, not create it.  The Republican nominee needs to be committed to capitalism and battle the President’s class warfare, big government, Keynesian economic rhetoric using free-market principles, stressing economic growth, job creation, and wealth creation through lower taxes, less regulation, and smaller government.  Despite what the President claims, his budget does not promote growth and has the potential to be a weak spot that Republicans can capitalize on.

Included in the President’s proposal is around $1.5 trillion in new revenue coming from tax hikes on the wealthy and corporations.  These tax raises take various forms; a 9% raise in capital gains tax rates, the dividends rate jumps 25% from 15-40%, the carried interest tax on investment partnerships rise from 15 to 39.6%, and the estate tax rises to 40%.  In addition, the budget calls for allowing the Bush-era tax cuts to expire, raising the top-level income tax rates to 39.6%.  Then there’s the new “Warren Buffet Rule“, which requires all those making more than $1 million per year pay at least 30% of their gross income in taxes.

English: President Barack Obama signs the Tax ...

Obama signing The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

Perhaps the most damning, however, is the tax hike on businesses; Obama has yet to announce his new corporate tax rates, but included in the budget is a “financial crisis responsibility fee” on large banks that amounts to $61 billion, taxing energy companies $30 billion over a decade by ending tax cuts, $148 billion in new taxes on multinational corporations, and another $87 billion by changing how businesses value their inventory. Continue reading

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