The election by no means is over. What is clear is that Americans are starting to tune in. While the election has been close since the primaries, I could not understand why?
Mitt Romney’s attacks on the President were provably false. Most of the President Obama’s deficit was structural and independent of his policies. In fact it was the Republicans that were holding back job creation through public works costing likely 2 million jobs. One could go on and on with the fallacies.
Well it seems like the Mitt Romney’s fallacies have come home to roost. Americans heard Mitt Romney’s faux policies at the Republican National Conference. Americans heard the President’s direction at the Democratic National Convention and the polling has moved decidedly in the President’s direction. I think America has begun to listen and so far believe in President Obama’s realism. They see all that Romney claims as mere fantasy.
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Absence of Asterisks
Paul Krugman September 11, 2012, 4:13 pm
Some readers ask why I’m not giving the Obama budget plan a grilling comparable to the one I’m giving to Romney. Well, I’m glad you asked that: it’s because the Obama plan, whether you like it or not, doesn’t have anything like Romney’s reliance on magic asterisks.
What Obama proposes is for the most part a continuation of current tax and spending policy, except for a rise in taxes on the over-250K crowd and some relatively modest spending cuts relative to current policy. The CBO analysis of his proposals basically agrees with his numbers.
You can quarrel with the Obama projection, arguing that some assumptions are too optimistic, or alternatively that it doesn’t bring down the deficit enough. But there’s no big mystery about what he intends.
