Posts tagged ‘Ron Paul’

05/23/2012

Bank Bailouts: Were They Needed?

As the banks crashed in 2008, George Bush’s government took action to bail them out, and his emergency measures continued under President Obama in 2009, and beyond, as both parties, at least tacitly, approved of the efforts.

During the Republican primary debates in 2011 and 2012, all of the conservatives criticized the bank bailouts, including Congresswoman Bachmann who categorically opposed all government loans. Congressman Ron Paul said he would not give any assistance to any private firm. He mocked the bailouts saying: “They thought the world would end, if we did not bail out the banks.” He was concerned, because he said the Fed even sent five billion overseas to bail out foreign banks.

Gov. Huntsman opposed the bailouts, arguing we spent trillions, and have nothing to show for it. Sen. Santorum opposed the bank rescue, noting he would have done nothing about the meltdown. He said the financial institutions should have been allowed to go bankrupt. Why prop them up through government, he asked? Santorum asked Gov. Romney why he supported the Wall Street bank bailouts, if he believed in capitalism. Why not let destructive capitalism work, he asked?

Gov. Romney felt President Bush had to take action to keep all banks from closing, but characteristically contradicted himself, saying: “I didn’t want to save Wall Street banks.” Romney also said if Europe had a financial crisis, he wouldn’t give a blank check, or go over there to save their banks, but then he contradicted himself again, saying he would take action, if all of the economies of the entire world were collapsing, because we would need to prevent a contagion from affecting U.S. banks.

While the banks survived thanks to the bailouts, we have no way of knowing for sure what would have happened if the government had done nothing. At the very least, several major institutions would have closed their doors, and it is likely the entire economy would have sustained major seizures. Instead of 10% out of work, the country may have confronted a 25% unemployment rate, and people would have been asking why no intervention was taken.

In retrospect, the bank bailouts were appropriate to get the big institutions through their perilous moment, provided the loans extended by the government are now fully repaid, with interest.

Since the big banks were “too big to fail,” the government made the correct decision to save them, but now that the crisis has ended, it’s time to break them up, under new antitrust laws, so if we face a similar situations in the future, we will be able to let much smaller downsized institutions simply go under.

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05/21/2012

Currency: No Return to Gold Standard

During the Republican debates, Congressman Ron Paul went off the deep end as to the currency, advocating a return to the “gold standard.” As Newt Gingrich suggested forming a commission to look into bringing it back, Herman Cain argued the nation needed to focus on the “sound money” virtues of gold and silver.

None of these Republicans however could possibly have been serious about the currency. While there are potential problems in the uncontrolled printing of money, based on nothing more than a faith in the strength of the Federal Reserve, returning to gold or silver to back up the currency, is certainly no answer.

The principle problem with gold and silver is their quantities are finite, and as the population grows faster than the metal supply, money becomes scarce, adversely affecting economic expansion.

During the Presidency of Andrew Jackson, the population grew at a rate far greater than the available precious metal supply, causing many to advocate paper money. Jackson, however, was hostile to the idea, and insisted on remaining with gold and silver. When he ordered federal agents to accept only gold or silver for the sale of public lands, banks were already down to only 1 gold dollar in reserve, for every 10 paper dollars, and his 1836 decree triggered an inflationary spike in prices and interest rates, and caused the value of the dollar to drop.

The inadequate supply of currency arose again when President Lincoln had to circulate paper Greenbacks to pay for the Civil War. Since the Treasury had been selling gold to anyone who wanted to buy it, by the time Grant took office in 1869, the money supply was depleted. When Congress proposed a bill to add a paper currency, Grant vetoed it, triggering the Panic of 1873. The Greenback Party (1874-89) emerged to push for a paper currency.

While President Hayes continued to allow the exchange of gold coins for the paper Greenbacks issued during the Civil War, he wanted more silver and paper money, but there was not enough gold to back it up, so he vetoed a bill that would have required the Treasury to coin certain quantities of silver each month.

The mint finally started increasing the supply of silver coins, under the Silver Act of 1893, signed into law by President Harrison. As the price for silver fell, currency manipulators quickly exchanged it for gold, and drained our gold reserves.

A Special Session of Congress was called to repeal the Silver Act as soon as President Cleveland took office in 1893, but he refused to abandon the gold standard, and gold reserves continued falling, leading to the Financial Panic of 1893, and a farm depression.

When William Jennings Bryant proposed the free coinage of silver, President William McKinley again played it safe by defending the gold standard. He signed the Gold Standard Act of 1900, strictly limiting paper money redemption to gold.

It was not until 1934, during the Great Depression, and the administration of Franklin Roosevelt, when we finally moved off the gold standard, by replacing it with the full faith and credit of the Federal Reserve Bank. The final nail in the gold standard coffin came in 1971, when Republican Richard Nixon completely cancelled the right to convert dollars to gold.

The gold standard is dead. It died 78 years ago. While there is a risk of printing too much paper money at the Federal Reserve, the solution is not to return to gold, the answer is to intelligently monitor the quantity of paper currency printed, and insure that the value of the Dollar is not diminished in the process.

05/18/2012

Underwater Mortgages: Need “Demand”

When the housing market crashed in 2008, somewhere between 25% and 53% of all homeowners in America, (depending on their geographic region), realized their homes were “underwater,” because they suddenly owed more to the banks on their mortgage balances, than their properties were worth.

The crash was in part caused by “adjustable rate mortgages” that increased to unsustainable levels, causing so many homeowners to default, they triggered a foreclosure crisis. Since the problem was blamed on “easy credit,” tighter rules were implemented, forcing lenders to accept only very creditworthy borrowers, who could start their mortgage schedules with much higher down payments.

As a consequence of resetting the deck, people who were formerly qualified to buy, could no longer do so. The led to a reduction in housing “demand,” at a time when the “supply” on the market was greater than ever, due to all the foreclosures. So we ended up with more houses for sale, but far fewer potential buyers.

In the years to come, underwater homeowners will not get back into the black, until the value of housing market increases to pre-crash levels. The value of homes will not rise, until the quantity of buyers becomes greater than the number of sellers. It is basic economics: “price” rises when “demand” exceeds “supply.”

Since the “supply” of available housing is fixed and finite, the variable that needs adjustment is “demand.” The government needs to trigger more “demand” to bring about a rising tide as to all home values. Today, there are millions who would love to own a home, and could make their monthly payments, but they lack a sufficient down payment, and do not qualify under the new rules.

While stimulating the building of new homes may put people back to work in the construction industry, it does nothing to lessen the oversupply of already existing homes, or to increase the existing weak demand for them.

Gov. Romney said slowing down the foreclosure process, buying up troubled homes, or giving thousands of dollars towards the purchase of a new home, won’t solve the problem. He predicted home prices won’t return, until the market works. His answer is for the government to do nothing, and just hope pre-crash values return, after a decade or so of relatively sluggish sales.

Congressman Paul basically advocated full speed ahead with the foreclosure process, as he said housing debts must be liquidated, as they are only prolonging the agony. If the bad paper had been auctioned and sold, it would have been cleansed by now, he said. As to the bailouts, Paul lamented, if money was to be given out, it should have gone to those who lost mortgages, not the banks.

Putting more money in the hands of buyers is what is needed, so more people can accumulate the down payments they need. This is how the housing market will return. But this can only happen through higher earnings. As long as Romney proposes nothing to help Middle Class people earn more, the housing market will remain flat, and the homes now underwater, will simply remain that way for a long time to come.

03/30/2012

Republican Primary Doesn’t Matter

During the Wisconsin Presidential Primary next week, Republican voters will be asked to choose between Romney, Gingrich, Ron Paul and Santorum, but their selection will make little difference in the long run, for even if their nominee prevails in November, in the final analysis, their candidate will not be able to make any change without the help of the House, Senate, and Supreme Court.

For those who “vote for the man,” because they naively believe one person can single-handedly change the way things are, they have an awful lot to learn about party politics. What matters is not an individual win, but rather a victory by an entire political party. Real and significant change in America only occurs if the same party controls the House, 60% of the Senate (to block filibusters), the White House, and at least five Supreme Court seats.

Unless voters want divided and paralyzed governments, there is no rational reason to split tickets between Republicans and Democrats, by picking one party’s nominee for this office, and another party’s choice for that. Although many voters dislike both parties, one or the other is going to win and gain control, so it makes sense to learn their differences, and vote along party lines.

No matter who the Republicans nominate for President, if the conservatives continue to control the House, they will put their agenda to their leader, (not the other way around), and he will be expected to approve of it, whether it is Romney, Santorum, Paul, or Gingrich. The Presidency is much weaker than most realize.

When Obama became President, a Democratic Congress handed him legislative measures, during his first two years, like the health care bill, and he had no choice but to approve of it. If he had not, his own party would have turned on him. Although Obama wanted to close Guantanamo, Congress pulled the purse strings for that pledge, and consequently, the prison remains open, regardless of the President’s wishes, or his campaign promises.

If Romney becomes President, and has an opportunity to appoint a Supreme Court justice, you better believe the entire Republican Party, including Bachmann, Santorum, and a whole host of right-wing fundamentalist ministers will be looking over his shoulder. One man in Washington DC simply has no power to do anything.

If you think you can change the basic two-party system, you have a boatload of work to do. The existing parties not only select nominees through caucuses and primaries, they draft platforms stating goals, but most importantly provide networks of volunteers locally to register voters, and make sure they vote on Election Day. Third-party candidates trying to operate outside one of the two major parties would find it extremely difficult to organize, without the help of the thousands who already share a party label.

While it is true George Washington, a Federalist, was first elected as an individual, Thomas Jefferson soon founded an opposition party, even though the Constitution did not mention their use, and for over 200 years, they have been an integral part of our system.

The head of political party, i.e. the President, or presidential candidate of the other party, matters far less than Congressional control. If you want to see change, the question is not who will win the upcoming Wisconsin Republican Presidential Primary; the important question is: After the 2012 election, which of the two major political parties will control the Congress?

02/23/2012

Republican Debate in Arizona (2-22-12)

WAR: Paul correctly said a “pre-emptive war” is a “war of aggression.” We have been fighting offensive, not defensive wars. If we go to war against Iran, Paul said, it should be done properly, by first asking Congress for a Declaration of War. Gingrich foolishly said there are moments when you engage in pre-emptive war (also known as illegal aggression under international law).

DEFENSE: Paul predicted the Draft would be brought back, because we are in way over our heads. He said foreign aid ends up helping our enemies. Santorum thinks Defense Spending takes a smaller portion of the budget than in the past, and he would not cut it. Romney accused Obama of shrinking the Navy, Air Force, and active-duty personnel by 50,000 to 100,000. He would instead add ships, planes, and personnel by 100,000. He responded to Santorum’s problem with women in the military, saying they have the capacity to serve in responsible positions.

MIDEAST/SYRIA/PAKISTAN: Paul said Al Qaida is bankrupting us as they bogged us down in the Mideast, where we have spent 4 trillion in the last 10 years. We don’t have money for another war in Syria, he said. Santorum thinks Syria is a puppet of Iran. Romney said Syria shadows Lebanon, and threatens Israel. He wants the Alawites in Syria to abandon Assad. He is also concerned with Pakistan’s nuclear weapons.

IRAN: Paul said we don’t know if Iran has a nuclear weapon, but they cannot possibly attack anyone, because we have 45 bases, plus submarines, all around their country. All we are doing is making them feel threatened, and encouraging them to get a bomb. Sanctions are already backfiring, he said, because they cause Iranians to rally behind their leaders. We don’t have money for another war in Iran, Paul said. Gingrich accused Ahmadinejad of being a dictator, of denying the Holocaust, of wanting to push the U.S. out of the Mideast, and eliminate Israel from the face of the map. Romney wants crippling sanctions against Iran. He actually believes if Iran obtains fissile material, they will give it to Hezbollah and Hamas, who will take it into Latin America, where they will “potentially” bring it across the U.S. border, and then detonate “dirty bombs.” He thinks Obama told Israel not to take any action.

LATIN AMERICA: Romney thinks Hezbollah is operating in Latin America. He noted Northern Mexico is a problem.

IMMIGRATION: Paul wants us to forget about the Pakistan-Afghanistan border, and deal with our own. We need to reward legal immigration, he said. He thinks the welfare state causes immigrants to cross over for benefits. Romney enabled his state police to take them out by enforcing illegal immigration laws. He fought for English emersion classes in schools. He said since e-verify allows employers to know who is here legally, illegals have dropped by 14%. Santorum would create a loophole in e-verify, by not requiring homeowners to use it. Gingrich said the failure to control our border is a failure of will. He wants a President who works with governors, not sues them. He said the fence between San Diego and Tijuana worked, even though it is in a densely-populated area. The further the fence was extended, the fewer crossed into California. He would move half the Dept of Homeland Security to border states to get the fencing done. He voted for a employer-sanction law in 1986, signed by Reagan, which was to have solved the immigration problem. He said people who do business in Mexico, do not want the border closed.

ENERGY: Gingrich does not want American Presidents to have to bow to Saudi Kings over energy. He believes Iran is partly responsible for what is going on at the gas pump, as one of every five barrels of oil goes through the Straits of Hormuz. We should get into the position where we could say we do not care what the Mideast does. If we opened up federal lands and offshore areas for development, Gingrich said, and replaced the EPA, the government would realize 16 to 18 trillion in royalties, and gas prices would drop to $2.50 per gallon.

BANKS: Romney said: “I didn’t want to save Wall Street banks.” He was worried the entire currency system would go down.

AUTO: Paul said the government should not be in the business of supporting auto labor contracts. He reminded the audience Santorum opposed the auto bailout. Santorum said he helped the airline industry after 911, because the government shut them down. He said Romney is not principled, as he was for the Wall Street bailout, but against helping Detroit auto workers. Romney admitted he wanted the auto companies to go through a “managed” bankruptcy, like the airlines did, to shed excessive costs imposed by the UAW. He took a contradictory position however saying: “No way would we allow the auto industry in America to totally implode and disappear.” Gingrich agreed a managed bankruptcy would have been best for the auto industry.

HOUSING: Paul said the government should not bail out housing.

HEALTH: Gingrich said when the government becomes the central provider of services, they inevitably move towards tyranny, as they force people to do things. Santorum promised to target Medicare for budget cuts. He pledged to repeal Obamacare. He said he always opposed Title X funds, but pushed abstinence-based program spending under Title XX. He accused the Mass health law of being the model for Obamacare. Romney said states have the right under the 10th Amendment to do what he did in Mass. He would repeal Obamacare, because he doesn’t think the federal government should cut Medicare by 500 billion.

EDUCATION: Paul said the Constitution gives the federal government no power in education. He said Santorum is a fake, because he votes for No Child Left Behind, but now he wants to get rid of it. Santorum said he is a home schooling father of seven children. When he voted for No Child Left Behind, it was a mistake, and he now thinks the federal government should get out of education. Romney agreed children should be tested in math and English before they graduate. Gingrich would shrink the federal Dept of Education down to nothing but research. He thinks teachers unions only care about protecting bad teachers.

SOCIAL SECURITY: Santorum said we need to “deal with” Social Security. He said “all” the seniors in Pennsylvania rely on it, because the rich ones moved to Florida and Arizona.

WELFARE: Santorum said poverty in single-parent households is five times greater than two-parent homes. His solution is to go after food stamps (to make sure hungry people go without). Romney would block grant Medicare, housing vouchers, and food stamps to the states.

GOVERNMENT: Romney would link government pay to private sector pay. Gingrich would repeal 130-year-old civil service laws.

BUDGET/DEBT/TAXES: Santorum said he was rated most fiscally conservative in his 12 years in the Senate. He explained earmarking is abused, and would oppose their use as President. We cannot default on the Debt Ceiling, he added. He said Romney is now suggesting raising taxes on the top 1 percent. Romney said the earmark process is broken, and he would ban it, because it opens the door to excessive spending. He supports a line-item veto to deal with earmarks. He would ask if a program justifies borrowing from China to pay for it. He claimed he balanced his state budget all four years. Santorum said the only reason Romney balanced his budget was his state constitution required it. Gingrich wants a balanced budget. He would eliminate capital gains taxes on more than just those earning less than $200,000. Paul said he never voted for a budget deficit, or an increase the National Debt. He said we pay gas taxes into a trust fund, and should get our fair share, but they spend it overseas.

CONSTITUTION: Paul said he is the defender of the Constitution and liberty, and his platform is the road to peace and prosperity. The Constitution does not provide “women’s rights or men’s rights,” There are no group rights. He said we take an oath to our office, not to a political party to vote the way they want.

RELIGION: Romney alleged we have never seen attacks like these against religious conscience, freedom, and tolerance.

ABORTION/CONTRACEPTION: Paul said the government should not spend money on abstinence. Pills don’t cause immorality, people do. Romney alleged Obama was trying to require Catholics to provide birth control, sterilization, and morning-after pills. He said he stood on the side of life, when his legislature refused to define it as starting at conception. He vetoed a bill regarding embryo farming and cloning. He said liberals go crazy over teaching abstinence. He denied requiring Catholic hospitals to provide morning after pills. He said the Mass. health law did not require contraceptive coverage. He said Santorum opposed contraceptives, but voted for Title X. Gingrich claimed state senator Obama voted to protect doctors who killed babies who survived abortions. He wants Planned Parenthood to get nothing. Santorum said, if elected, he would talk about the “dangers of contraception.” He illogically added we have a problem of children born out of wedlock. He said this doesn’t mean he wants a government program to fix it.

ADOPTION: Romney sided with Catholic adoption agencies regarding their preference for placement in homes with a man and a woman. He wanted the Catholic Church to stay in the adoption business, as they were responsible for half of them in Mass.

02/15/2012

Republicans Need A Rebirth At Ripon

The Republican Party, born in a Ripon, Wisconsin on March 20, 1854, has this year fielded candidates so conservative on social, economic, and foreign policy issues, the only chance they have of winning this fall, is if they could somehow move the election date back about 158 years, into the 19th Century.

This year, the GOP introduced Donald, “the carnival barker,” Trump, whose elixir cabinet had a cure for everything. They subjected us to the insufferable Gingrich, a virtual barking dog, whose racist tones would have angered Abe Lincoln. They presented Santorum, the Catholic Crusader, whose efforts to turn America into a Christian Nation, would have offended Thomas Jefferson. They gave us Ron Paul, a man whose absolutist lassie fair economics are so radical, the great Wisconsin Progressive, Sen. Robert La Follette, would have turned in his Republican grave. Finally, we watched Mitt Romney change his position so often, his head surely must be ready to spin off his body, like what happened to the creepy doll in the Exorcist movie.

The Republicans are dying, along with the old schoolhouse in Ripon, where their anti-slavery plank was first adopted in 1854. If America wants to preserve the two-party system, the Republican Party must be reborn. They should save the millions they will spend this year on negative advertising, and instead build a new platform. To put it in words Rick Santorum might understand, they need a “second coming.” They need a rebirth at Ripon.

Ripon College, 75 miles northeast of Madison, and 87 northwest of Milwaukee, should become the birthplace for the “second coming,” that is, after they first open a branch campus in Waukesha County, between Milwaukee and Madison, where most of the state’s wealthy Republicans live. From this new suburban venue, Ripon’s campus of 1,036 students, should launch a moderate Republican curriculum, and bring the party back to life.

Every Republican politician should just stop campaigning right now, and for the next four years, study 40 courses worth 3 credits each, before being allowed in 2016 to return to the campaign trail. The courses the Republicans would be required to take at the “new Ripon,” will be posted on my site over the next 4 days, beginning with the first installment of 10 classes for freshman:

First Year–First Semester

SOC: 101: POPULATION GROWTH: Learn the theory espoused by Thomas Malthus that unrestrained population growth leads to greater food demands, inadequate supplies, and either starvation or war. Can we rationally debate China’s one-child policy, and the problems caused by large families? Can we accept contraception for birth control? Course required for religious fundamentalists.

BIO 110: ENERGY AND ENVIRONMENT: Learn the dangers to the environment from coal, gas, oil, and nuclear energy, and the value of alternate sources like wind or solar. Study climate change evidence. Consider the problems that would arise if Republicans actually could abolish the Environmental Protection Agency.

HIS: 150: HISTORY OF U.S. MILITARY INTERVENTION: Learn how America made a wrong turn at the end of the 19th Century under Republican William McKinley’s foreign policy. Study 20th Century U.S. interventions in the Caribbean, Central America, Asia, and elsewhere. Understand we were not always the good guy portrayed in John Wayne films. Know that we took Guantanamo Bay from Cuba. At least understand why Cuba wants it back. Set Puerto Rico free. See the world from their view.

PS: 160: CAMPAIGN FINANCE & ELECTION REFORM: Solve the persistent problem of gerrymandering. Adopt a comprehensive primary election plan. Promote campaign debates instead of TV commercials. Push a constitutional amendment to remove money from campaigns so elections become democratic. Repeal voter photo ID laws implemented to suppress turnout. Where voting machines are used, require a paper trail for recount purposes. Consider adopting term limits for the House and Senate. When should “recall elections” be held?

EC: 170: BANKING AND FEDERAL RESERVE: Should the Wall Street financial district have been bailed out? Should the big banks now be busted up under antitrust laws? Should consumers be protected against abusive bank charges? Why was the gold standard abandoned and replaced with Federal Reserve Notes? What is monetary policy, and how is it used to combat recession?

First Year—Second Semester

SOC: 110: CIVILITY IN SOCIETY: Politicians must learn to be civil, particularly with persons of other races. Why accuse a President of being from Kenya, when no facts support the claim? Why shout “you lie” at the President at a formal State of the Union? Why accuse Obama of being Muslim, when he is not?

PHIL: 120: PHILOSOPHY OF RELIGION: Learn the number of centuries between the time of Christ and the era when the New Testament gospels were first written. Understand the Bible is not a reliable literal historical source. Know the difference between religious beliefs and scientific knowledge. Be able to accept as probable the absence of a supernatural being. Is there really anything out there? Avoid pandering to religious groups.

HIS: 160: HISTORY OF EQUAL RIGHTS: Understand the constitutional amendments passed after the American Civil War. What Southern laws were imposed on blacks between Reconstruction and WWII, to effectively extend slavery by another name? What led to the Civil Rights Act of 1964? Do you really believe the issue of racial injustice has been solved? What unique challenges do women face in the workplace? How should sexual harassment, like the cases against Herman Cain be resolved? Should gays move beyond civil unions into marriage? Learn to be Abe Lincoln Republicans.

PS: 170: IMMIGRATION POLICY: Learn the long history of immigration law. What should our policy be? Know the meaning of citizenship by birth. Don’t pander to Mexicans and other Latin Americans. Just say it is good public policy for all immigrants to speak English. Employers should be forced to subsidize English language classes. Be open about the fact employers pay cash under the table to avoid SS taxes, unemployment, and workers comp premiums. Just fix the naturalization process already.

EC: 190: ECON: CAPITALISM AND SOCIALISM: Learn the words “capitalism” and “free market” are no where to be found in the U.S. Constitution. Stop calling Obama a socialist; it makes Republicans sound stupid. Stop referring to the U.S. as a capitalist country, as the Founders never said that. We have a democratic system in which we can choose more or less capitalism or socialism. Study capitalist and socialist principles. Understand that it was an unregulated capitalist system that led to the Great Depression.

01/29/2012

Republican Debate: Florida (1-26-12)

ROMNEY’S TAXES: Gingrich said Romney owns shares of Goldman Sachs and lives in a world of Swiss and Cayman Island bank accounts. He said he did not “know of any American president who had had a Swiss bank account.” Romney, who all along has said he is a great money manager, said “my investments are not made by me.” They have “for the last 10 years have been in a blind trust, managed by a trustee.” His trustee invests in mutual funds and bonds, he said, and not in stocks. When Gingrich said Romney made a million dollars off of stock in Fannie Mae and Freddie Mac, Romney denied it. He said his trustee loaned money to Freddie and Fannie and received interest, like from U.S. savings bonds. His trustee diversified investments and reported the money held in Swiss accounts to the U.S. and he paid U.S. taxes on it. Romney repeated he did not inherit money and claimed to have earned it. He said his taxes and charitable contributions took about 40% of his income.

ROMNEY’S PARTY: Gingrich claims Romney voted for Democrat Paul Tsongas in 1992, and when he ran against Kennedy in 1994, he said he was an “independent” who did not want to go back to the Reagan-Bush era. Romney said he never voted for a Democrat when there was a Republican on the ballot.

FOREIGN POLICY: Paul rejects a foreign policy that says we must be the policeman of the world. He opposes nation-building.

PUERTO RICO: Santorum was asked whether Puerto Rico should become a state. He said he believes in “self-determinism” and Puerto Ricans should decide for themselves.

CUBA: Paul said the sanctions against Cuba backfired and caused the Cuban people to rally behind Castro. The Cold War is over, and they are not going to invade us, he said. Romney said he will help the people of Cuba enjoy freedom when Fidel Castro is dead. He thinks Obama has ignored Cuba and Venezuela, and wants more trade with Colombia and Panama. Santorum opposes liberalizing trade or travel with Cuba.

LATIN AMERICA: Paul opposes dictating to Latin Americans what governments they should have. He said Santorum’s definition of standing up for Latin America means supporting dictators and undermining governments through the use of money. Santorum thinks Iran and the jihadists want to set up training camps in Cuba, Nicaragua, and Venezuela. He opposes Latin American leaders Chavez, Noreiga, and Morales. He accused Obama of hanging our friends out to dry for 3 years in Colombia, and of standing with Chavez and Castro, instead of the people of Honduras. He denied wanting to use force in Latin America.

PALESTINE: All of the Republicans pandered to the Jewish vote in Florida. There is no peace between Israel and Palestine, Romney said, because he believes all Hamas wants to do is eliminate Israel and teach people to kill Jews. He incorrectly believes Palestinians do not want a two-state solution. He found fault with Obama for rightfully castigating Israel for illegally building settlements in Palestine in violation of international law. He showed ignorance on this subject by faulting Obama for suggesting a return to the 1967 borders. In an incredible statement, he said thought it was Obama who “disrespected” Netanyahu, when in fact it was Netanyahu who ungratefully and inappropriately lectured our U.S. President. Gingrich continued to defend his prior ignorant statement that Palestinians are an “invented people,” as he stated a belief that they are Syrian, Lebanese, Egyptian or Jordanian, but not Palestinian. He thinks Obama undermined Israel. He would provoke greater tensions by moving the U.S. Embassy from Tel-Aviv to Jerusalem.

MILITARY: Gingrich promised to make Jacksonville, Florida the home of a nuclear aircraft carrier battle group.

SPACE: Gingrich wants six or seven space launches a day. He reminded us when Kennedy said in May 1961: “We will go to the moon in this decade,” no American had even orbited the earth, and the technology didn’t even exist. He wants to give out prizes like the $25,000 Lindbergh received for flying to Paris. He asked: Does the Washington NASA office just sit around and think about space? 90% of those employed under his space plan would come from the private sector. He would get NASA out of the rocket business. Santorum wants young people involved in math and science, but said promising new space programs, when we are borrowing 40 cents on the dollar, is not responsible. Romney accused Gingrich of pandering, by telling NASA workers what they want to hear. He believes in a vibrant and strong space program, but described Gingrich’s plan to put a permanent colony on the moon, as an “enormous expense.” He would fire someone who wanted to spend a few billion dollars on it. He wants a space program related to commercial products. Paul would vote for only that part of the space program that supports national defense. The only things he would send to the moon are “some politicians.”

TRADE: Paul supports free trade in Latin America, including Cuba. Gingrich said the Jacksonville seaport has to be expanded, because the Panama Canal is being widened.

IMMIGRATION: Santorum wants to enforce the immigration laws we have. We need legal immigration he said, to keep our population growing. The first act of responsible immigrants is to obey our laws, and then continue respecting them. He would use the employer E-verify system to enforce immigration. He speculated illegals steal Social Security numbers (who says they are not paid cash under the table, and use no SS number at all). Gingrich pledged to control the border by Jan. 1, 2014. He would fix the visa system to make it easier to come and go. He wants to make deportation easier. He doubts grandmothers would self-deport and would not enter church sanctuaries to deport those who sought shelter. He said Miami has 94 languages, and wants English as the official one, adding everyone should learn it to get jobs. He denied calling Spanish a ghetto language. Romney said the problem with illegals is they take jobs legal residents would like, put their kids in school districts that can’t afford them, and get free health care, because emergency rooms must provide it. He favors work permits and identification cards, an E-verify system, and severe sanctions against employers who hire illegals, so those unable to find work will self-deport. He would not round up people or deport the 11 million illegally in this country. He said his father was born in Mexico. (Since the Constitution limits the Presidency to “natural born” citizens, how was his father able to run for President in 1967?) Romney wants English as the official language and schools to provide English immersion classes. Paul said resentment towards illegals goes up when the economy is down. Businesses are now looking for workers, but can’t find them. We worry about the Afghan and Pakistan borders too much, Paul said, and not enough about our own.

JOBS: Romney said there is 9.9% unemployment in Florida, but it is really 18%. Lowering corporate taxes would get people back to work, he said.

FINANCE: Paul said the Middle Class is losing their jobs and houses, but Wall Street got bailouts. He wants to bring back the gold standard, since it is mentioned in the Constitution.

HOUSING: Paul said, after the crash, the bad paper should have been auctioned off and sold, and it would have been cleansed by now. The problem was caused by excessive credit and interest rates that were too low for too long. The Community Reinvestment Act is affirmative action, he said, which tells banks to make risky loans. The line of credit from the Fed to Freddie and Fannie should have been cut. Romney said Fannie and Freddie are a big part of the housing crisis. They caused a housing bubble that collapsed, and are still offering mortgages to people who can’t afford them. Santorum wrote a letter in 2006 with 24 Senators warning of a meltdown as they requested reforms of Freddie and Fannie. He said we need to decrease the amount of mortgage that can be financed by Freddie. Gingrich said he told Republicans in July 2008 to deny money to Freddie and Fannie.

ENVIRONMENT: Gingrich said the Everglades Restoration Project must be completed.

HEALTH CARE: Santorum said medical savings accounts would get consumers involved in the cost of health care. He reminded voters that Romney and Gingrich supported the individual mandate, and if they are nominated, the issue will be forfeited to Obama. He claims people in Mass are now opting to be fined, because the cost of health insurance is too high. Paul said health care is a greater priority than going to the moon. Health insurance should be affordable for individuals, he said, so employed or not, they can have it. He claims the cost of medicine went up, because the government distorted that sector of the economy, and pumped money into it. He repeated his unfounded belief that before Medicare and Medicaid, nobody was on the streets without health care. Gingrich said the system that existed in the early 1960s was fundamentally less expensive. Romney said it doesn’t make sense to lose your health insurance if you lose your job. He insisted on personal responsibility in Mass to end free riders. He distinguished his plan from Obama’s, saying the President’s cuts Medicare 500 billion, and raises taxes 500 billion.

BUDGET: After Gingrich repeated his claim he balanced budgets four times in the 1990s, Paul pointed out the National Debt actually went up by a trillion dollars in those years, because money was taken from the Social Security Trust Fund. He said neither Reagan nor Gingrich had balanced budgets, as the National Debt went up. Santorum said we must get our financial house in order.

TAXES: Santorum opposes a 0% capital gains tax, saying guys like Romney wouldn’t pay much at all. He theorized when tax rates increase, the rate of return decreases, leading to investments in non-taxable instruments. He said a 28% top bracket was good enough for Reagan, and is good enough for him. His lower bracket would be 10%. Gingrich was asked why under his tax plan he would let someone like Romney pay nothing, and Gingrich said he wants everyone to pay 15%. Paul favors getting rid of the 16th Amendment, which allows income taxes, and said we also would have to get rid of the warfare and welfare systems.

RELIGION: Romney thinks our nation is based on Judeo-Christian ethics. He would seek the guidance of providence in making critical decisions. When the Founders drafted the Declaration of Independence, he said, they referred to being endowed with certain inalienable rights. Gingrich would seek guidance from God. He thinks there is an aggressive war being fought by secular elites in the news media and in the judiciary, against the Christian religion. Santorum actually believes the Constitution exists “to do one thing: protect God-given rights” and said our rights are “god-given rights and not government-given rights”

01/20/2012

Republican Debate: S Carolina (1-19-12)

MILITARY: Paul, who served along the Pakistan-Afghanistan border in the 1960s when he was in the Air Force, would cut overseas military spending. He asked why we have troops in Korea, 59 years after the Korean War ended; or in Japan and Germany, 67 years since WWII. We subsidize those countries, he said. Why are we in Afghanistan now for 10 years, and fighting so many undeclared wars?  He argued it is making us bankrupt. Romney thinks we have an aging Navy and Air Force, and it is wrong to balance the budget on the back of the military. He wants a military so strong no one would even think of testing it.

VETERANS: Paul receives twice as much support from veterans than all the others combined, he said. Santorum would continue the multitude of veteran’s preferences.

SOVIET UNION: Gingrich harbors the delusional belief he and Reagan were somehow responsible for Gorbachev’s unilateral decision to dissolve the Soviet Union.

TRADE: Romney wants to crack down on China, since he thinks they cheat with unfair trade. Santorum was asked about Apple Computers, an American company with 40,000 employed here, and 500,000 in China. He would cut to zero corporate income taxes for companies who manufacture in the U.S. Paul tried to explain the consumer benefits from cheaper products made in China. He said a $100 computer instead of one $1,000 is a benefit, but the audience reaction fell flat. He mentioned foreign auto companies still make money assembling cars in America.

IMMIGRATION: Gingrich would control the border and if needed, move half of the 23,000 who work for Homeland Security to Texas, Arizona, and New Mexico. He would: 1) enforce English as an official language; 2) modernize visas; 3) make it easier to deport; 4) allow guest worker programs; 5) impose enormous sanctions against businesses that hire illegals; 6) have local boards review residency permit applications for those here 25 years; and 7) drop federal lawsuits against South Carolina, Alabama and Arizona. Romney said immigration is a simple matter of forcing employers to check a data base. Those illegally here need to go home, and apply for citizenship, like everyone else. No one should gain an advantage by coming here illegally. Santorum said if you want to become an American, the first thing you have to do is respect our laws. Someone who has been here 25 years, he said, has been breaking the law 25 years, and probably stole someone’s Social Security number. Paul does not believe those who hire should be forced to become policemen, as border guards and the federal government have that job. There should be no federal mandate that forces states to provide medical or educational needs, Paul said. Instead of protecting borders in Afghanistan, Paul said, we should use those resources at home.

VULTURE CAPITALISM: Santorum wants capitalism that works for everybody, including working men and women. Gingrich argued Romney’s Bain Capital leveraged a company in South Carolina and left it with debt. Romney claimed he created 120,000 jobs at four places, and only 10,000 lost their jobs. He said a lot of people benefitted, as profits went to pension funds, charities, and a wide variety of institutions.

JOBS: Santorum wants a Republican Party that talks about putting back to work the men and women who built this country. Paul said the solution is for the government to get out of the way, by reducing regulations, and dropping taxes to zero. The country has to liquidate their debt, Paul said. Regarding jobs, Gingrich would repeal Dodd-Frank, as he thinks it is killing small banks. He would develop natural gas and overhaul the Corps of Engineers.

LABOR: Romney thinks Obama is stacking the NLRB with labor stooges. Santorum pledged to sign a national right-to-work law.

MANUFACTURING: Romney claimed GM was given to the UAW. Santorum noted manufacturing dropped from 21% to 9%, because it costs our companies, excluding labor, 20% more than our top nine trading partners, to do business in America.

ENERGY: Romney wants to use our resources to become energy secure. He complained the 500 million dollar solar energy loan to Solyndra was a waste, as Obama’s rejected the Keystone Pipeline.

ENTITLEMENTS: Santorum believes all Obama wants to do is give people food stamps and Medicaid. He heard Iowa was being fined, because they didn’t sign up enough people for Medicaid. Romney thinks Obama wants to create a European style social welfare state.

HEALTH CARE: Santorum claimed he consistently favored health savings accounts. He accused Romney of promoting a Mass plan, which was not based on the free market. Over half the new people buying health insurance in Mass, he said, were fully subsidized by the state. He also accused Gingrich of supporting an individual mandate for over 10 years, from the 1990s through 2008. As to Gingrich’s idea to make everyone post a $150,000 bond, if they did not buy insurance, Santorum asked how many in the audience could post $150,000. Romney said he would go for a complete repeal of Obamacare. People should be able to take their own insurance with them as they go from job to job, he said. He denied setting up a government-run health care system, since they bought insurance from private companies. He accused Obama of creating a 2,700 page, tax-increasing, Medicare-cutting, monster. He would return health care to the states, and get the government out of Medicaid. Gingrich said to repeal it, a Republican House and Senate must be elected. He claimed to have led the charge against Hillarycare and help write the Health Savings Accounts law. He admitted he was wrong for supporting a mandate. Paul, who apparently did not practice medicine in poor areas, thinks health care “worked rather well” before the government got involved in the 1960s with Medicare and Medicaid. He remembers a fictional world, where “there was nobody on the streets suffering with no medical care.” He accused Santorum of expanding government with the unfunded Prescription Drug law.

BUDGET: Gingrich erroneously took total credit for the 4 years when President Clinton and a Democratic majority in the Senate balanced the federal budget.

TAXES: Santorum would cut the corporate income tax rate to zero. Gingrich opposed President Bush Sr. when he raised taxes, despite a pledge not to do so.

TAX RETURNS: Gingrich put his 2011 tax returns online, showing he paid 31% of 3 million in income taxes. Romney said, over jeers, he would disclose his tax return for this year, when it is due in April, and probably for other years too. He thinks disclose would only serve the purpose of allowing people to attack his financial success. He lied as he added: “I didn’t inherit money from my parents.” He claimed he pays a lot in taxes. When he was asked if he would follow his father’s lead in 1967 and release 12 years of tax returns, because only one year could be a fluke, perhaps done for show., Mitt said just “maybe” and “I don’t know how many years I’ll release.” As the audience jeered him, he then said he would release “multiple” years. Santorum, whose tax rate is higher than Romney’s 15%, said he keeps his records on his laptop, and would release them when he gets home. Paul said he would be embarrassed to disclose his tax returns, because they show so little, but added Congressional financial statements show everything a person might need to know, and he has no conflicts of interest, since he doesn’t even talk to lobbyists.

FREE SPEECH: A question arose regarding the Stop Online Piracy Act, which pits anti-censorship groups against those who say movies and other property are being pirated. Gingrich said the degree of pre-emptive censorship in the law is unacceptable. He though people could use Copyright and Patent protections to sue infringers. Romney argued we should more narrowly go after offshore pirates. Paul said Republicans have been on the wrong side of this issue, as he joined Democrats to oppose it. Santorum opposed the law, but added the Internet is not a zone where people can trample on the rights of others, as property must be respected.

MARRIAGE: The hypocrite Gingrich, who went after President Clinton with a vengeance when he had an affair with Monica Lewinsky, was appalled, as he denounced the media for having the audacity to ask him questions about his affair, while married to his second wife. He described it as a vicious attack of the sort that makes it hard to find descent people to run for public office, and harder still to govern. He then distracted everyone by coming up with the preposterous diversion that he was tired of the media protecting Obama by attacking Republicans.

ABORTION: Romney said he was pro-life, and it was the Mass Supreme Court that made abortion available under his health care law. Planned Parenthood was not mentioned in his law, he said. Gingrich claimed a pro-life voting record of 98.6%. Dr. Paul was taught pregnant women are two patients. Santorum said Paul’s right to life record was only 50%. Paul said abortion should be handled by states, where murder and violent crimes are dealt with.

01/19/2012

Republican Debate: S. Carolina (1-16-12)

DEFENSE SPENDING: When Ron Paul was asked if his policies would eliminate military jobs in South Carolina, he said he wants to cut spending overseas. Spending 1 billion on an embassy in Iraq, he said, is not defense, it is waste. He would follow Eisenhower’s admonition about the military-industrial complex, as he said, we don’t need 900 bases in 130 countries. Romney wants a military so strong no one would test it. He apparently believes our navy is now smaller than it was in 1917, and our air force is smaller than it was in 1947. (Does he really think this?)

FOREIGN POLICY: We should declare war before getting into one, Paul lectured. We no longer declare war. We now use the doctrine of “pre-emptive war” to start them. We don’ t even have enemies. We bomb countries and then wonder why they get upset with us. Paul was booed as he said we wouldn’t like it if other countries did to us, what we do to them. Paul was also booed when he said we should follow the Golden Rule in foreign policy.

AFGHAN: Paul wants to bring our troops home. His support is from military personnel, sick and tired of war. We are not leaving Afghanistan, even though 80% of America wants out. When Paul was in the Air Force (1962-68), he served in the Afghan-Pakistan region, and remembers the Taliban were our allies, when we opposed the Russian intervention. He warned us not to mix the Taliban, who oppose foreign intervention, with al Qaeda, who seek to kill us. Romney would not negotiate with the Taliban, because he thinks they declared war on us. He said Obama’s announcement of a withdrawal, weakened our ability to negotiate.

IRAQ: Paul said we are still in Iraq. Romney believes incorrectly we “had to” go to war “in the case of Iraq.”

IRAN: Paul said regarding Iran, they are building up for another war we don’t need.

PAKISTAN: Paul believes we have a flawed Pakistan policy.

SYRIA: Santorum said Syria is a threat to Israel. He wants to bring about the removal of Assad, but opposes U.S. intervention.

TURKEY: Perry, who lived in Turkey while in the Air Force in the 1970s, made the ridiculous and stupid argument they have been taken over by Islamic terrorists. He said their membership in NATO should be re-evaluated, and their foreign aid should go to zero. He lumped Turkey in the same category with Iran and Syria, even though these countries are vastly different.

RULE OF LAW: Paul denied he opposed the operation that killed Osama bin Laden. He in fact voted for the authority to go after him, following 911. He asked: What is so bad about capturing people? We captured Saddam Hussein, tried him, and hung him. Adolf Eichmann was also captured, given a trial, and executed. Why didn’t we try to get information from bin Laden? Gingrich said we need to just kill America’s enemies, not capture them. Romney also said the right thing for Osama bin Laden was a bullet in the head. He said we have a right to detain al Qaeda in prison, as enemy combatants, and deny them due process of law. Paul said the Patriot Act eliminated the 4th Amendment. The Defense Appropriation Act allows us to take citizens under suspicion, and hold them indefinitely, without a lawyer, or the right of habeas corpus. 260 al Qaeda have been tried and convicted Paul said, and we don’t need to give up on the judicial system. Perry said terrorists who cut off heads and hang contractors from bridges, commit despicable acts, not the Marines who urinated on corpses.

IMMIGRATION: Romney opposes favoritism or special routes to citizenship. We have to stop the flood of illegal immigration, he said. Perry would secure the borders.

JOBS: Gingrich claims he and Reagan created 16 million jobs and he and Bill Clinton added another 11 million. He wants to find ways to help the poor learn how to get a job and someday own it.

UNEMPLOYMENT: Santorum thinks it’s wrong for the federal government to uproot state unemployment programs by extending benefits. Gingrich would connect UC to job training.

LABOR: Santorum admitted voting against a right-to-work law, saying he is from a non-right-to-work state. Perry claimed the NLRB is telling South Carolina, a right to work state, what to do.

FINANCE: Perry advocates repealing the Dodd-Frank financial regulations. Romney vowed if Europe has a financial crisis, he won’t give a blank check or go over there to save their banks.

VULTURE CAPITALISM: Gingrich asked Romney to respond to questions about taking money out of companies, walking off with profits, and letting them go bankrupt. Bain invested in over 100 companies, Romney said. Four created 120,000 jobs, while others lost jobs. He said Staples, Bright Horizons, the Sports Authority and a steel company in Indiana added 120,000 jobs. He was asked about American Pad and Paper, which after being purchased for 5 million, borrowed money, took 100 million in profit, and then went bankrupt. Romney said people who lost jobs were offered new ones in other plants. Perry accused Romney of picking a company apart in Georgetown, SC and causing people to lose jobs. Romney said the SC steel mill closed down, because of dumping from abroad.

ENERGY: Romney would take advantage of our natural resources and would use oil, coal, gas, and nuclear.

HOUSING: Perry thinks the federal government via Freddie and Fannie should get out of the housing market.

SOCIAL SECURITY: Romney would make no changes for those 55 or older, but he would add a year or two to the retirement age. Gingrich said Chile has a system that yields 2 to 3 times the government payment. He would make all Americans investors.

HEALTH: Romney wants a premium support program for Medicare. He would send Medicaid back to the states. He would repeal Obamacare.

BUDGET: Romney claimed to have balanced the Mass. budget every year. Perry wants a Balanced Budget Amendment.

TAXES: Romney claimed to have reduced taxes 19 times in Mass. He said tax rates are too high. He would reduce the top rate from 35% to 25% and eliminate taxes on interest, dividends and capital gains. When asked if he would release his tax returns, he said he had not planned on it, but maybe in April, if he becomes the nominee. Perry said the highest federal income tax rate should be 7%. He would have a flat tax of 20%, but would allow home mortgage, local taxes, and charitable deductions. He would get rid of capital gains taxes. Santorum wants just a 10% and a 28% rate. He would cut corporate taxes from 35% to 17.5%. Manufacturing would be treated differently, because they are in competition with the rest of the world. Gingrich wants a flat tax rate of 15%. Paul would reduce income taxes to zero.

DISCRIMINATION IN LEGAL SYSTEM: Paul said blacks are imprisoned at a rate four times greater than whites for victimless drug-related offenses.

VOTING RIGHTS: Santorum asked Romney if X-felons who have done their time should be allowed to vote. When Romney said he didn’t think former felons should be allowed to vote, Santorum reminded him that Mass allowed even those who still on probation or parole to vote, and asked Romeny why he did not try to change that law. Perry said South Carolina is at war with the federal government over their voter ID law.

CAMPAIGN ADS: Romney hoped super-PACs would run accurate ads. He favors getting rid of campaign finance laws. He wants campaigns to run their own ads, and take responsibility for them. He said he could not talk to Super-PACs running his ads.

EDUCATION: Gingrich said No Child Left Behind is a failure, as teachers teach to the test. He would eliminate Dept. of Education

ENTITLEMENTS: Romney thinks Obama is making the U.S. an entitlement society, another European social welfare state.

POVERTY/FOOD STAMPS: Santorum believes three things are need to avoid poverty: a job, high school diploma, and marriage before having children. He claims Obama no longer promotes marriage as a way of avoiding poverty. Gingrich claims 185 different federal bureaucracies deal with low income Americans. He thinks Obama wants to maximize dependency. He called him “the best food stamp president in American history.” When he was asked if it was insulting to suggest black kids should work as school janitors, and blacks should demand jobs, not food stamps, he said no, to wild applause from a white audience of prejudiced South Carolina Republicans. He believes NY pays their janitors an absurd amount of money. The crowd booed Juan Williams as he asked Gingrich if he was belittling racial minorities about a lack of a work ethic, and by saying Obama was a food stamp president. Gingrich said more people than ever went on food stamps during the past three years of the Obama administration.

RELIGION: Perry thinks Obama is at war against organized religion. He claimed the Catholic Church cannot receive federal funds, because of their position on abortion.

GAYS: Romney said he supports equal rights regardless of sexual orientation, but he has always opposed gay marriage.

GUNS: Gingrich accused Romney of signing a ban on assault weapons and of increasing fees on gun owners by 400%.  Romney said the Mass law was supported by both sides. Santorum said his support for trigger locks and background checks was backed by the NRA. He banned lawsuits against gun manufacturers, where injuries were sustained despite proper use of a firearm. Paul said we should not have national tort law, since these issues should be dealt with by the states. Santorum said lawsuits would have gone forward in liberal states, if there was not a national ban.

ABORTION: Gingrich opposes abortion and China’s one-child policy.

01/16/2012

Republican Debate: New Hamp (1-7-12)

QUALIFICATIONS: Huntsman repeated he lived overseas four times and managed two American embassies, one in China. Santorum mentioned his eight years on the Armed Services Committee, as qualification for Commander-in-Chief.

TERROR: Santorum said Obama is trying to make the war on terror politically correct by removing the words “radical Islam” from every defense document.

DEFENSE: Santorum argued government has a role to play in defense. Romney accused Obama of wanting to shrink the military, and Perry said he is cutting 1 billion in defense spending.

MILITARY SERVICE: Paul, who was drafted and served when he was young, noted 40,000 were seriously injured in our recent wars, while 8,500 died, and those who received 3, 4 or 5 deferments and did not serve, have no right to send our kids off to war. Gingrich said during the Vietnam War, he was married and never requested a deferment. He claimed he was somehow ineligible for the draft. Paul said when he was drafted, he went despite being married with two children. Romney, who received several deferments during Vietnam, finds it extraordinary that only a few families are paying the price for freedom.

AFGHAN: Huntsman said we drove the Taliban from power in Afghanistan, ran al Qaeda out into sanctuaries, held free elections, and eliminated bin Laden. It is time to come home and stop nation-building. He thinks a civil war is around the corner. He would leave behind only Special Forces and 10,000 troops for intelligence gathering. Romney would listen to the generals on the ground, and without reason, said he would wait until 2014 to withdraw. Huntsman said we deferred to the generals in 1967 and did not get good results.

IRAN: Paul said he does not want Iran to get a nuclear weapon, but putting sanctions against Iran will only lead to the unintended consequence of pushing them into the hands of China. Romney accused Obama of not imposing crippling sanctions against Iran. Santorum wants to help the revolutionaries in Iran as he called the situation the most pressing issue of the day. Gingrich worries more about the closing of the Straits of Hormuz, since one of six barrels of oil flows through it every day.

IRAQ: Perry wants to send troops back into Iraq now. He worries Iran will enter Iraq. Romney would not now send troops to Iraq.

TRADE: Romney said China and European states opened 44 different trade relationships with various nations around the world. We have to do the same for American goods, claiming Obama not. He also said China manipulates their currency and if you artificially hold down its value, you make your products lower-priced and kill American jobs. Huntsman said its nonsense to think you can slap a tariff on China your first day in office as Romney would do. He said Romney would take us into a trade war where we would get tariffs in return that will hurt our exports. Romney said China does not want a trade war, because they sell more to us than we sell to them. He would hold China to free and fair trade rules. Gingrich said we cannot compete with China with an inferior infrastructure.

VULTURE CAPITALISM: Gingrich accused Romney of making spectacular profits by stripping American businesses of assets, selling everything to the highest bidder, and killing jobs for big financial rewards. He opposed leveraged buyouts, where money is taken out and workers are left behind. He said Bain bankrupted companies and laid off employees. Romney said companies must downsize before turning around and making a success. Bain invested in over 100 businesses, he said, and on balance claimed 100,000 jobs were added. Steel Dynamics in Indiana added thousands, Bright Horizons 15,000, Sports Authority 15,000, and Staples 90,000. Romney said sometimes they were not successful.

MANUFACTURING: Huntsman thinks we can win back investment and have a manufacturing renaissance.

FINANCE: Paul thinks we are in a 40-year financial bubble which is bursting and we must liquidate the debt. Romney opposed the Dodd-Frank bill.

CLASS WAR: Santorum said there are no classes in America; there are middle income people

JOBS: Romney hopes the economy is turning around, because there are 25 million unemployed or who stopped looking. Obama’s policies have made the recession deeper, he argues. Perry wants New Hampshire to pass a right-to-work law, and Paul said Santorum voted against right-to-work laws.

REGULATIONS: Perry thinks Americans want less regulation.

ENERGY: Romney said our policies keep us from using our own energy. Perry wants to open up federal lands and waters to more domestic energy drilling, so we are not hostage to countries hostile to us. Gingrich wants an energy plan free of Saudi Arabia, Iran and Venezuela. Santorum served on a coal company board.

TRANSPORTATION: Gingrich said we must make investments, because we cannot complete with China with an inferior infrastructure. Romney advocated improving our infrastructure by rebuilding bridges, roads, rail beds, and air transport systems.

HEALTH: Romney opposed Obamacare. Huntsman said he reformed health care in Utah, without an individual mandate. Paul said Santorum voted for the Prescription drug program.

EDUCATION: Paul said Santorum voted to double the Dept of Education.

SOCIAL SECURITY: Santorum said he voted for SS reform.

BUDGET/DEBT: Paul said Santorum is a big government person who voted to raise the debt ceiling five times. For the past 26 years, Paul voted against appropriations bills. Perry wants to get rid of what he called corrupt spending. Santorum said increases in the debt ceiling have happened for 200 years.

TAXES: Huntsman would eliminate 1 billion of loopholes in the tax code. He implemented a flat tax in Utah, and said the Wall St Journal endorsed his tax plan. Santorum would keep only the deductions for health care, housing, pensions, children, and charity.  He would cut corporate income tax in half, down to 17.5%. He claims the 35% rate is the highest in the world. Romney said we must have some taxes to pay for our military, but noted government has grown from 27% in JFK’s day to 37% now. He repeated a pledge to eliminate taxes on interest, dividends and capital gains. Perry thinks Americans want less taxation.  Gingrich would reduce capital gains to zero, corporate income tax to 12.5% and he would abolish the death tax. He would allow 100% expensing for all new equipment.

TERM LIMITS: Huntsman wants Congressional terms limits.

DISCRIMINATION IN LEGAL SYSTEM: Paul said the legal system discriminates, as it arrests and imprisons blacks for drug offenses far more than whites. They get the death penalty more often, he added.

CONTRACEPTION: Santorum believes there is no constitutional right to privacy, and states have a 10th Amendment right to ban contraception. After being directed to Griswold v Conn (1965), in which a state law banning contraception was challenged, Romney doesn’t think any state today wants to ban contraception.

ABORTION: Romney said Roe v Wade (1973) was not decided correctly because he thinks the issue should have been left to the states. He wants the ruling overturned.

PRIVACY: Paul correctly informed everyone the 4th Amendment contains privacy protections. Santorum agreed there is a right to privacy in the 4th Amendment.

GAYS: Huntsman, married 28 years with 7 children, thinks civil unions are fair. Santorum said gay marriage is not a federal issue, but marriage itself is because we need one law on the topic. We cannot have someone married in one state, and not in another. He wants a federal law that bans adoption for gay couples. Romney would amend the constitution as to gay marriage. Gingrich said gays ought to be able to designate friends in their last will or who can make hospital visits, but not through marriage, which should be reserved to one man and one woman. Perry favors a constitutional amendment defining marriage as between one man and one woman.

COLLEGE FOOTBALL: Gingrich, Santorum, Romney all got it wrong when they said in succession if they were not debating they would be watching the championship college football game. The game was actually not on until a few evenings later.