Economy

Economy:

Link: http://www.nydailynews.com/news/politics/newt-gingrich-rips-mitt-romney-economic-plan-timid-ad-article-1.1001807

Summary: Presidential candidate Newt Gingrich accused fellow candidate Mitt Romney of having a “timid” economic plan. Experts expect Gingrich’s plan to add $1.3 trillion to the national deficit in 3 years. Gingrich’s accusation, in a TV ad, says Romney’s plan was nearly identical to President Obama’s plan. Romney plans to “urge Congress to lower the top corporate tax rate from 35% to 25%”  as well as lower the tax rate and do away with estate taxes.
Application: This is an example of different campaign strategies of candidates. Gingrich releases negative information about his opponent, Romney, and speculations are made on Romney’s economic policy. This causes citizens to question the validity of Romney’s claims on his policy and question his honesty entirely. This also takes attention away from Gingrich’s supposedly more expensive plan to take away votes from Romney rather than gain votes for Gingrich.

Opinion: I think Mitt Romney does seem a little more liberal than the other Republican candidates. While I am not educated enough on the exact policies of each candidate (Romney and Obama), I do think Romney tries a little too hard to please everyone and very much want to get the votes of the moderates. However, I think Romney’s proposed plan of lowering the corporate tax rate and eliminating other taxes is a good idea to help the economy grow with more spending.