There’s not much I actually dislike about Mitt Romney’s economic plan. I’m even OK with most of the aggressive China trade policy stuff (though probably not the “retaliation if not revaluation” stuff on the currency).
Later today Mitt Romney will unveil his 59-point economic plan. From what I read in Romney’s preview op-ed in USA Today, it looks a lot like his 2008 plan. For instance, it has an investment tax cut for the middle class just like the one offered three years ago. And Romney wants to cut corporate taxes. Last time he wanted to lower the rate to 20 percent. We’ll see this time around. One area where he could really separate himself is housing. Economic adviser Glenn Hubbard has a housing plan that would allow underwater homeowners to refinance at today’s superlow interest rates. (In a recent chat, I talked to Hubbard about his views on economic policy: TARP, taxes, trade.)
Gov. Rick Perry’s tough comments on Federal Reserve Chairman Ben Bernanke are another sign that the Fed and monetary policy will be big topics in the Republican primaries and the general election. There is certainly a stark difference between how Perry talks about the Fed, and how Mitt Romney does. First, here is Perry from yesterday:
During his private equity career, Mitt Romney was famous as a supersalesman who could dazzle clients with data. But his PowerPoint mastery may not be enough to make him U.S. president. Thursday’s slide-show defense of the controversial health plan he created as Massachusetts governor likely failed to satisfy conservative critics.
Mitt Romney’s campaign launch for the Republican presidential nomination predictably avoided mentioning the Obamacare-like health plan he created as Massachusetts governor. But it also gently tiptoed around his financially successful career as a buyout boss. With the financial crisis still raw to voters, selling them on the first president to be drawn from the buyout barony will be tough.