...Romney isn't a Tea Party guy, but he is also a wet noodle who, as President, will easily be lead in the Tea Party direction...
Originally Posted by Whirlaway
...or perhaps in the direction of expanded European-style social democracy.
One thing that's been discussed on a couple of the finance blogs is that Romney has stated his openness to the idea of imposing a VAT.
Obama has little chance of pushing through a VAT, since Republicans reflexively block anything he proposes, whether on principle or purely partisan grounds. It wouldn't have a snowball's chance in hell. But some people in the financial world think that if Romney were to become president, congressional Republicans might help pass a VAT in order to go along with a president of their own party.
If a VAT -- even one with an initially low rate -- get's its camel's nose under the tent, watch out! The European experience shows that big-spending politicians simply continue jacking up the VAT rate as desired. Imagine the lustful cravings for even higher levels of spending that would engender in virtual armies of political hacks whose favorite sport is buying votes with other people's money.
