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Thursday, March 08, 2007
Donald Lambro :: Townhall.com Columnist
Romney, channeling Reagan, reveals economic agenda
by Donald Lambro
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After his well-received speech before the conservative political action conference here last week, former governor Mitt Romney met with two key leaders in the Reagan Revolution of the 1980s.

Romney's dinner guests were Jack Kemp, the architect of the Reagan tax cuts that lifted the economy out of a deep recession, and former congressman Vin Weber of Minnesota, a key leader in the Opportunity Society band of House warriors who fought for lower tax rates to spur economic growth and entrepreneurial expansion.

Kemp has not signed on to any Republican presidential campaign as yet, but he likes Romney's emphasis on further cutting taxes on investment and savings and overhauling the tax code. Weber, a supporter of Sen. John McCain in the 2000 presidential primaries, has joined Mitt Romney's team and is encouraging Kemp to climb aboard early.

The meeting illustrates how much importance Romney is placing on tax cuts in his presidential bid and on economic advisers who share his belief in the Reagan economic model. Reagan made tax cuts the centerpiece of his domestic agenda, and Romney intends to do the same in his campaign for the Republican nomination.

In a PowerPoint presentation at the Detroit Economic Club last month, replete with an economic slide show, Romney said the country would face two choices on taxes next year, asking the business leaders, "What is the better course for America? A European model of high taxes and regulations, or low taxes and free trade, the Ronald Reagan model?"

"That's the choice the next president is going to make," he said, adding ominously that the Democrats were "already working hard to implement a massive tax increase."

You can tell a lot about politicians by the people around them, and that is especially true in presidential politics. Romney has already put together a stellar team of economic heavyweights:

-- Vin Weber, who is chairman of Romney's domestic policy board in charge of providing him with a broad range of economic proposals and advisers.

-- Cesar Conda, a longtime economic policy and tax-cut strategist on Capitol Hill who was chief domestic policy adviser to Vice President Dick Cheney and a key player in Republican tax-cut battles of the past two decades.

-- R. Glenn Hubbard, President Bush's first chairman of the Council of Economic Advisers who was on the short list last year for Fed chairman. A staunch tax cutter, he has been a key consultant to the Treasury and the Federal Reserve System.

-- N. Gregory Mankiw, a free-market economist at Harvard who chaired Bush's Council of Economic Advisers from 2003 to 2005, and has been an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office.

-- John Cogan, a Hoover Institution economist who was one of Bush's 2000 campaign policy advisers and one of the architects of the Bush tax-cut plan. He brings broad economic and budget expertise from a variety of key posts in the Reagan administration.

-- Brian Reardon, a tax and budget policy adviser in the Bush White House who helped put together the president's 2003 plan to accelerate the tax cuts. He is now an economic consultant.

Weber is still in the process of building not only a hefty team but one that demonstrates Romney is attracting a prominent field of advisers around him who are committed Reagan supply-siders.

Arizona Sen. John McCain has former Texas senator Phil Gramm and a few others advising him, though he still has to explain why he was one of only two Republican senators to vote against all of the Bush tax-rate cuts. Former New York mayor Rudy Giuliani has not put together his economic team, though none of his campaign advisers are people who rallied to the Reagan tax cuts of the 1980s.

In his Detroit address on the economy, Romney went beyond the need to make the Bush tax cuts permanent, hinting strongly the income tax rates need to be further reduced.

"We need reform of our tax code. We need to move it toward a system that's encouraging of growth, fairness and simplicity," he said. That's a powerful economic message to America's taxpayers, burdened by a costly, inefficient tax code that is incomprehensible to workers and businesses that labor under its yoke.

Romney's presidential campaign faces many daunting challenges in the months to come and remains far behind front-runners Giuliani and McCain, largely because he is still not that well-known.

But his CPAC speech here, where he won the straw poll from the often hard-to-please conservative activists who heard him, has given him new momentum and, thanks to C-SPAN, increased political visibility.

It remains to be seen whether he can revive Ronald Reagan's spirit of optimism and the belief that America still remains a land of opportunity if we stick to the free-market, low-tax, free-trade principles that have made the United States the most powerful economy on Earth.

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About The Author

Donald Lambro is chief political correspondent for The Washington Times.

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Fantastic! Romney for SIMPLER & low tax
rates. I'm all for that, as well as his pro-life stance & vow to protect our Nation's borders.

Note that: "You can tell a lot about politicians by the people around them, and that is especially true in presidential politics. Romney has already put together a stellar team of economic heavyweights."

While Giuliani "has not put together his economic team, though none of his campaign advisers are people who rallied to the Reagan tax cuts of the 1980s."

When people HEAR Romney, they LIKE him--
So says Mr. Lambro:

Romney's "CPAC speech here, where he won the straw poll from the often hard-to-please conservative activists who heard him, has given him new momentum and, thanks to C-SPAN, increased political visibility."

Mitt Romney knows that the MSM just loves to play "Wack-a-Mole" with qualified Conservative candidates--especially anyone as outstanding as Mitt-- running against their favored liberal darlings. Thus he has not made himself that available to the MSM yet, as well as having better uses to make of his time in these early stages of the campaign. But he is arguably the best at dealing with the MSM, after the 'trial by fire' he went through in Massachusetts as governor of such a liberal state. He will be even better armed for that battle as he has spent these past months discussing the issues and speaking to groups representing various constituencies and 'centers of influence.'

Mitt's team is pretty amazing
Not just his economic team, but his entire team consists of some really top-notch people. I'm a firm believer that a president who surrounds himself with good and smart people can really make a difference. No one person can do it all, but the team he builds really tells the story.

I can't find any other candidate who has a better team than Mitt does.

Balanced budget
The Reagan agenda, the thing he beat Carter with, was to balance the budget. We all know how that turned out -- ask David Stockman (the guy hired to make it happen). Reagan wasn't serious about the spending cuts he has promised. It turned out that people like social security, welfare, and medicaid.


Why Romney?
Why would a conservative vote for Romney when Tancredo and Paul are also on the ticket? Tancredo and Paul are MUCH more conservative, not to mention constitutional.

Hint to Romney...
...read up on the Fair Tax (fairtax.org) and articulate it in every speech. You'll have a full blown grass roots movement behind you, and sweep the election hands down.

Tax Cuts
Time and time again tax cuts have been shown to increase revenues, you would think liberals would be in favor them. Unfortunately, their idealogical propensity to screw the rich outweighs the fact that they'd have more money to waste on their favorite programs if they supported a pro-growth agenda. Heaven forbid a politician level with the American people and actually cut spending. We live in a politcal climate where a cut in the rate of growth of a program is decried as mean spirited. This is the type of body politic we get when half the electorate pays no income taxes and therefore are likely to support high tax, high spend candidates. Everybody should have some skin in the game.

A "just" man
We have in Mitt Romney a good and just and smart man who has surrounded himself with a like minded "A" team. It does not get better.

liberalgoodman...
an oxymoron (or just a plain moron).

Romney Will Win
if he simply

-Pushes for a flat tax
-Pushes social security privatization

Those two issues alone would get any candidate elected, as countryman pointed out by a grassroots movement. Even Hitlery.

Taxes
Having just filed, a simpler tax code sound rather nice.

Heard him
I've followed Romney's career since before it started (politically). To hear him is not necessarily to like him, either. Big interests are pushing for his coronation as GOP nominee.
Plain poor folks like me have a much better candidate in view. Duncan Hunter does not have to surround himself with hasbeens and wannabe's.
"In a multitude of councilors there is wisdom."
Over the years, Duncan Hunter has listened to many advisors, drawn wise conclusions, and knows where he stands. He doesn't have to be remade from the Micro candidate for governor who was fervently pro-choice to the Macro candidate for President now miraculously Pro-Life, for instance. He has always believed in the sanctity of life. He is for real, not just a concocted image, like most of the other aspirants to the Presidency.

Ring around the posers
Mitt Romney is running rings around the McRudy crowd. Not only does he espouse a more conservative agenda, he far outstrips his competition in organization, campaign saavy and a true, positive vision for America. Plus, with his squeaky-clean family image, he doesn't bring any questionable moral baggage for the drive-by media to target.

If the CPAC straw poll is any indication, the only thing standing between Romney and the nomination is for voters to hear the message and I'm betting on the "Turn Around Kid" to carry the day.

President Reagan
"The Reagan agenda, the thing he beat Carter with, was to balance the budget."

No, what won was that he wasn't Carter.

"We all know how that turned out -- ask David Stockman (the guy hired to make it happen).
Reagan wasn't serious about the spending cuts he has promised. It turned out that people like social security, welfare, and medicaid."

Reagan, like Lincoln, was pragmatic. He knew he couldn't rebuild the nations defense, dramatically cut taxes, reduce regulations, plus say to Dems "by the I'm going to cut all those spending programs that get you elected." He let David try but DAvid came back and said that neither party had the will for drastic cuts in spending.


I was skeptical about Romney at first.
But the more I get to know the real Mitt (not what the Left and religious bigots say about him) the more I like him. I think time is on his side.

Cream rises to the top
I listened to his speech and was impressed with its substance. He charged on - one powerful idea after another - without the staged pauses, waiting for applause. The applause interrupted him - and caused him to slow down his delivery. There was so much content (cream) for a change in a candidate's speech, that he bombarded his listeners with his ideals and positions to the point of saturation. This is a good problem. Bring it on, Mitt.

Also, it was refreshing to watch the audience warm up to him and his wife Ann. He has my vote. (And I've been following him for years - since the Olympics here in the West (SLC) where he kept the games safe, free from scandal, and free from debt.

It is nice to be able to evaluate his leadership skills in several settings or the course of his adult life, not just a couple of years in the Senate or as a wife on the power coat tails of her husband.

I find his idealogical migration on life and marriage refreshing, not politically engineered. My ideas have changed as I've gotten older. At first I thought the rights/convenience of the mother outweighed the needs of a forming embryo - but now I view that forming cellular complex as the origin of that unborn baby's life. (When I had a early miscarriage, I was surprised how much I mourned the loss of the life of my little one.) Yes, I want to protect young girls who are raped or the victims on incest.

I prefer teaching values and appropriate dating conduct for both sexes to honor life and to honor sexual commitment within or leading to a traditional marriage. Yes, our society tolerates other sexual relationships between adults, but toleration is not the same as rubber stamping as "normal" and equal in important to the family where a child has the father and the mother as his guides towards adulthood.

Because Romney worked with gays for protection under the law, does that make him untruthful or does that indicate tolerance and respect for all citizens. I believe it is the latter.

Because he was sworn to uphold the law (which includes Roe vs Wade, does that protection under the existing law (which law does not reflect his personal position or belief system), is he now to be condemned for being forthright in what he will stand for as the US President!

One of the many declarations he made is that speech is that he knows how to veto and that he will use that veto in balancing the budget, etc. And he asked for the line item veto power in the White House. My pocket book cheered for that line!

Watch the cream continue to rise. Cheers.

liberalgoodman
Liberalgoodman has it wrong about Reagan. The Reagan tax cuts spurred a massive growth in the economy and federal tax revenues, but the House of Representatives was controlled by the Dems for his entire 8 years in office. Although Reagan never did submit a balanced budget to Congress, Tip O'Neill and the other Dem leaders routinely announced that the President's proposed budget was "dead on arrival," and they managed to erase his modest spending cuts and then outspend the massive increases in revenue.

Zeb, We may disagree on our FIRST choice
for Republican Presidential nominee, but if Duncan Hunter ends up as the nominee, from what I know about him currently, I would not hesitate a moment to vote for him. In fact, if I can't have my first choice in the Republican ticket, which would be Mitt Romney with Condi Rice as V.P.---then a Romney/Hunter ticket would be an excellent one, IMO.

I just happen to believe, from what I know so far, that Romney has a few more positives going for him than Hunter does.

liberalgoodman is wrong as usual
liberalgoodman writes: "The Reagan agenda, the thing he beat Carter with, was to balance the budget."

Not at all. Not in the least.

Reagan was elected to:

a) stand up to the Soviets and make America number one in the world again

b) get the hostages home from Iran even if it meant nuking the place

c) revive the U.S. economy, which under Carter had stagnated with double-digit inflation and high unemployment

I remember the 1980 campaign all too well. I voted in that election as an adult. (How old were you in 1980, liberalgoodman?) Balancing the budget was a secondary consideration to all of the above.

And on all of the above, Reagan delivered. Just compare the U.S. military in 1988 to what it was in 1980; the unemployment rate in 1988 to what it was in 1980; the inflation rate in 1988 to what it was in 1980. And needless to say, the Iranians let the hostages go because Reagan would have cheerfully razed several square miles of Tehran--and joked about it--unless they let the hostages go.

That's the kind of candidate I want to see run in 2008: From now on, for every American killed by Islamic terrorists, the Muslim world loses one square mile of one of their cities. Bombed flat.


to see a part is not the whole story
It may be fine to be against high taxes.
Who in the working world is not?
But the campaign agenda for Mitt Romney should be more comprehensive in addressing all issues that face America and that is just one of many.
What about inflation, and the poorly managed monetizing of debt, ie deliberate inflating of the federal reserve notes to absorb older federal debt, at taxpayer's expense. It is a hidden insidious tax that both parties enjoy promoting.
What about foriegn policies, immigration, the attack on Christian expression in the market place of ideas?
What about MORMONISM and Mitt's connection to it?
What about the Second Amendment?
What about selling out Labor to NAFTA GATT and WTO?
What about the massive foriegn aid subsidies of Israel?
What about a more open and complete dealing with all of the other issues.

So Mitt is all for lower taxes.
How old is that refrain.

What politician will ever run on a ticket of higher taxes?
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