TIME.COM : Mark Halperin's Interview with Mitt Romney : Romney suddenly destroys all the Republican Preaching about necessary immense budget cuts now and reveals himself as a Keynesian - He says everything that Republicans hate in Economics

.

Romney : "Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5%.  That is by definition throwing us into recession or depression".

Then Romney's words instantly create doubts about his sincerity in believing all the Tea Party Economic Extremism. And their preaching about Immense Deficit Reductions now. Romney has been dragged to expressing lots of Economic Garbage during the primaries in order to win the Republican Nomination.

Romney appears then as very insincere and opportunist. A chameleon that says what audiences want to hear and not what is true or rational. He is ready to tell all lies in order to advance his political career.

As a corollary theorem we can say that the Economy needs stimulus when it is depressed, and Government spending is a must. This is Keynesianism, Period !...

The Romney plan for the Economy is very different from the Obama plan, because he wants to give money to the Super Rich in the form of more Tax Cuts, but he knows that Big Deficit Reductions will cause a Depression, this is standard Economic Theory and Keynesianism.


You can only reduce the Deficit in times of prosperity and low unemployment.


And his attack to ObamaCare is superbly ridiculous, because it is the same Romney Care for the state of Massachusetts.

TIME Magazine ( TIME.COM )
The Complete Romney Interview Transcript
Mark Halpering interviews Mitt Romney
Wednesday, May 23, 2012

The Complete Romney Interview Transcript

Some excerpts :

Romney: Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5%.  That is by definition throwing us into recession or depression.  So I’m not going to do that, of course.  What you do is you make adjustments on a basis that show, in the first year, actions that over time get you to a balanced budget.  So I’m not saying I’m going to come up with ideas five or ten years from now that get us to a balanced budget.  Instead I’m going to take action immediately by eliminating programs like Obamacare, which become more and more expensive down the road – by eliminating them, we get to a balanced budget.  And I’d do it in a way that does not have a huge reduction in the first year, but instead has an increasing reduction as time goes on, and given the growth of the economy, you don’t have a reduction in the overall scale of the GDP.  I don’t want to have us go into a recession in order to balance the budget.  I’d like to have us have high rates of growth at the same time we bring down federal spending, on, if you will, a ramp that’s affordable, but that does not cause us to enter into a economic decline.

************************