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B-Team, Mount Up!

Half or more of the people listening to the Mitt Romney/Meg Whitman presentation at the Republican Working Committee on Economic Recovery hearing cleared out

Jul 31, 2020
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Half or more of the people listening to the Mitt Romney/Meg Whitman presentation at the Republican Working Committee on Economic Recovery hearing cleared out when they left. Several reporters join them. That’s the story of the day so far — Romney and a California gubernatorial candidate’s descent from Olympus to go on record with supply side tax policies and (mostly) spending cuts.
Fair enough, the B-team of witnesses from the Heritage Foundation and the American Enterprise Institute are much more philosophical and less practiced than than the departed GOP stars. Bill Breach of Heritage struggles with his mic before telling everyone to read Heritage’s tax cut-heavy stimulusplan.
The star now is Grover Norquist, whose Americans for Tax Reform pass out documents written to prove that Republican congresses are best for stocks. It’s hindered a little by this factoid:
In 2001, Democrats took the Senate when Jim Jeffords switched parties. Shareholder wealth fell from $15.4 trillion at the end of 2000 to $10 trillion at the end of 2002.
Wait, didn’t anything else happen between May 2001 and the end of 2002?
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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