I watched the GOP debate last night, which was supposedly limited to the topic of the economy. I did fast-forward through some of the parts where guys who had no chance of winning the nomination were speaking.
GIULIANI
I was most interested in hearing what Giuliani had to say, because he’s most likely to be the party’s nominee.
On the positive side, Giuliani hit the key conservative economic principles of lower taxes, “moderate” regulation, and controlling government spending. He also plugged nuclear energy, which is good.
On the bad side, he talked too much about energy independence and a “Manhattan Project” for energy independence. I previously blogged about why an energy Manhattan Project is a bogus idea.
He followed up the bogusness with the idea, repeated many times, that we can then sell energy independence to other countries, thus solving the trade deficit problem.
Another thing I didn’t like was his fascist sounding ideas about fighting “child predators” and child pornography on the internet. Is this really one of the top-ten economic problems facing the United States?
ROMNEY
This guy looks just like the executive level bosses in Dilbert cartoons. I’m not talking about the first level boss with the pointy hair (who looks most like Giuliani), but the vice president level bosses are always tall and have the exact same haircut that Romney has.
Of all the candidates on stage, Romney was the best at not saying anything at all. He said nothing where I could say “wow, that’s something different!” Neither did he say anything where I could say “wow, that’s dumb!” I guess if you want a completely boring but good looking candidate who’s very good at repeating traditional Republican platitudes, and don’t care about his Mormon background, then he’s your man.
MCCAIN
Maria Bartiromo asked him about the preferential tax rate for hedge fund managers, which he completely ignored and instead made a big, obviously prepared speech about the economy (which wasn’t as good as Giuliani’s much simpler version). So Maria Bartiromo asked him the question again, which confused McCain because he obviously completely forgot about the original question. Then he regained his composure, and once again talked about some stuff that was unresponsive to the question.
THOMPSON
The MSM pundits think he did well, but this is primarily because they had such low expectations. I came into this without any expectations at all, so therefore my opinion is that he sucked. He’s ugly, a poor public speaker (how was this guy an actor?), and has absolutely no charisma. There’s no way he could ever beat Hillary.
Thompson was able to identify the prime minister of Canada. A pretty mean question on the part of Chris Matthews. Did Thompson know the answer because he knew it, or because he was prepped for the last week by debate experts? I have to admit that I didn’t know the answer. I guess I skip over news about Canadian politics whenever I read the newspaper.
PAUL
Cuckoo!!!!
Every time he spoke, he used it as an opportunity to mention “monetary policy.” Behind this is the guy’s support for the gold standard, which he at least had the good sense not to mention in front of the TV cameras.
I don’t see how this guy is raising any money when his pet issue is returning America to the gold standard.
Occasionally people ask, “Half Sigma, why don’t you support Ron Paul?” I don’t support him because his main issue is one on which he is completely wrong. A gold standard would be disastrous for the United States. The U.S. dollar has become the world’s primary reserve currency, which benefits us greatly because it essentially means that we are exporting dollars to the world, and it’s an export product that costs us nothing to manufacture.
Under the gold standard, we had the Great Depression. Under fiat currency, there has been nothing as bad as that. Under fiat currency, we are the world’s most powerful economy. So how is fiat currency hurting us? Why change what works?
He also said that America has never been attacked in 220 years. Giuliani responded by saying we were attacked on 9/11. Half Sigma responds, “morons, what about Pearl Harbor?”
BROWNBACK
Obviously, I was wrong when I predicted his campaign would pick up steam. But he did have one interesting comment. When asked about the biggest problem facing the economy, he talked about unwed mothers.
He’s on the right track. Kids raised by welfare moms will likely grow up to be a drag on everyone else. Giuliani answered the same question with “education.” I am sick and tired of presidents and presidential candidates talking about education. Has any federal policy in my lifetime actually improved education?
GIULIANI V. ROMNEY
They had an exchange about who had the better tax cutting record as mayor or governor. I have to give this exchange to Romney. I live in New York City, I know as well as anyone that the taxes here are higher than anywhere else. Giuliani says he cut taxes “23 times,” but I don’t see any evidence of it when I fill out my New York tax returns.
They also had an exchange about the line item veto. Romney says (liberally paraphrasing), “line item veto, line item veto, line item veto.” Giuliani says “the Supreme Court said it’s unconstitutional at the federal level, so get over it.” Giuliani won this exchange.
Between the two of them, Giuliani is the more fun candidate to listen to. I think that Giuliani is the one who has the charisma needed to beat Hillary. He also has the cajones to get things done. If America is attacked, Giuliani will be out there commanding our armed forces while Romney is talking over the problem with "lawyers."
A PLEDGE NOT TO INCREASE TAXES
This is a dumb idea subject to multiple interpretations. What’s a tax increase? Does a president who takes this pledge have to veto any statute that might cause someone’s tax liability to increase, even it closes a huge loophole?
Giuliani is a lot saner when he says that he has the intention to lower taxes, but he only pledges to support and uphold the constitution.
UNIONS
Every candidate says he absolutely love unions. Anyone hoping for a union-busting president is going to be out of luck.
IMMIGRATION
Not a bad word was said about immigration. (Maybe Tom Tancredo said something about it, but I fast forwarded through a lot of his answers).
Clearly, if anything is going to be done about the immigration problem, it’s not going to be done by a Republican president (because Tom Tancredo has zero chance of winning the Republican nomination).
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