Video Tutorial with Jerry Robinson There are two major approaches to stock analysis: technical analysis and fundamental analysis. On this week’s live coaching call, I spent some time explaining the difference between these two approaches to stock analysis....
Editor’s Note: As a liberty-minded individual and a lover of freedom, I have little patience for the left-right-conservative-liberal paradigm that the mainstream media has used to manipulate our nation. While both political parties, Democrats and Republicans, use different talking points on the campaign trail, their actions once in office appear eerily similar. Below is an interesting post I found that shares a list of 100 ways that “Republican” Mitt Romney is just like “Democrat” Barack Obama.
The New York Times recently made a less than half-hearted attempt to summarize the similarities between President Barack Obama and presumptive Republican Party nominee, Mitt Romney. As New York Magazine reports, the Times wasn’t able to do much better than: They both like Star Trek, Modern Family, and Chicken. Here at IVN, I thought we could find just a few more similarities of just a little more substance.
The following list isn’t just a bunch of opinions, but documented facts that together draw a compelling picture: Far from being polar opposites, the two “choices” offered as presidential candidates by this country’s two main parties are nearly indistinguishable on the substantive public policy challenges Americans face. Using the New York Times piece as a starting point, here are 100 ways Mitt Romney is just like Barack Obama:
1. Star Trek
2. Modern Family
4. The signature legislative accomplishment of the man that Republicans have chosen to repeal and replace “ObamaCare” was “RomneyCare,” which was the blueprint and model for The Affordable Care Act.
5. The most controversial aspect of “ObamaCare” for its critics, was the individual mandate. Mitt Romney, like Barack Obama, believes individual mandates can be a good ingredient of public policy.
6. Mitt Romney reminds critics that he believed “RomneyCare” was good for the state of Massachussetts, but shouldn’t be implemented nationwide, and that’s how he’s substantively different from Barack Obama. In 2007, however, Romney said: “I’m proud of what we’ve done. If Massachusetts succeeds in implementing it, then that will be a model for the nation,” suggesting that, like Obama, he is not opposed to federal mandates either– just controversial ones that his partisan opponents pass.
(Items 7 – 9) As Jon Stewart points out on The Daily Show, Mitt Romney’s proposed legislative replacement for “ObamaCare” would keep everything in it other than the individual mandate,according to Mitt Romney’s own words:
7. Like Obama and the Democrats provided for in the Affordable Care Act, Romney’s legislative alternative would make sure people who want to keep their current insurance can do so.
8. Like Barack Obama, Mitt Romney wants to expand federal spending on Medicaid to help each state cover residents who cannot afford health insurance.
9. Also like Obama, Romney’s “alternative” would make sure people with preexisting conditions will be covered.
11. The same Wall Street recipients of TARP bailout money that were top Obama donors in 2008 are top Romney donors in 2012.
12. The Obama Administration has failed to prosecute a single Wall Street executive for malfeasance related to the 2007 – 2008 financial crash. Wall Street’s aforementioned donation patterns make for a compelling conclusion: A Romney Administration would be no different.
13. Setting aside the justice system, legislative fixes for perverse incentives on Wall Street have likewise been underwhelming. Dodd-Frank has been impotent to prevent risky trading and stress tests for federally insured banks only anticipate another housing crash, not a catastrophic hit to America’s very monetary system itself. Instead of a substantive alternative to Obama and the Democrats, Romney’s solution seems to be to do even less: he wants to repealDodd-Frank.
14. Like Obama, Romney supports taxpayer bailouts of struggling corporations– handouts that go from hardworking Americans to wealthy companies with irresponsible management.
15. The most controversial bailout for Republicans and one of the motivators behind the Tea Party protest movement that began in 2009 was the TARP bailout of big Wall Street financials. Like Obama– who voted for it as a US Senator and continues to support and defend it as President, Mitt Romney supported and continues to support TARP.
16. Not only does Mitt Romney approve of Barack Obama’s federal management of auto industry bankruptcies, he takes credit for it.
17. Republicans criticize Obama for his role in getting Solyndra’s hands dirty with federal money, but at his own big financial company, Bain and Co., Mitt Romney secured millions in a federal bailout of his corporation’s own struggling finances.
18. Though he’s flip-flopped on this issue along with so many others, Mitt Romney has also supported the federal stimulus package passed by the Democrats and signed by Barack Obama, writing that the “‘all-Democrat’ stimulus that passed in early 2009 will accelerate the timing of the start of the recovery.”
21. On monetary policy, both Mitt Romney and Barack Obama do not see any urgent need to change the status quo and any reform of the Federal Reserve system is not a public policy priority for either candidate.
22. Like Barack Obama, who reappointed Fed Chairman Ben Bernanke, Mitt Romney has approved of Ben Bernanke’s handling of the financial crisis and monetary policy in America.
23. Mitt Romney approves of Barack Obama’s Treasury Secretary, Tim Geithner’s record on economic policy as well.
24. Like Barack Obama, economic stimulus via federal spending on infrastructure developmentis a policy priority for Mitt Romney.
25. Both Mitt Romney and Barack Obama favor the extension of Bush’s deficit-funded tax cuts for the middle class.