• Romney said that America is going through extraordinary
times and a well crafted stimulus plan is needed to put people
back to work.

• He criticized that the Obama spending bill will only
stimulate the government and not the economy.

• Romney believes that permanent tax cuts should be the
centre of the economic stimulus.

• He thinks that any new spending should be limited to
projects that are essential and which would bring an immediate
positive impact.

• Romney supported repairing and replacement of military
equipment that was destroyed in Iraq, Kuwait and Afghanistan.

• He believed that sending out rebate checks to citizens
and businesses was not a tax cut. These are actually refunds. He
said this method was tried in 2008 and it did nothing to jump
start the economy.

• Once the economy revives he suggested gaining control
over the federal budget and also on over entitlement spending on
Social security and Medicare.

• Romney thinks that America needs to prove that it will
put a stop to run away spending and borrowing, only then the
dollar will hold good value in the currency market.

• The nation must begin to recover the vast losses in the
capital investment pool. The best way to do this is convince the
people that there will be no increases on investment and capital
gains.

• Romney believes only the private sector entrepreneurs
can create the millions of jobs that the country needs.

• Finally the government needs to exercise restraint in
the size of the stimulus package, he proposed a stimulus of $233
billion.		

• Obama aims at a longer plan of laying a strong foundation
for future economic growth that will benefit all Americans. He is
working for economic recovery on all fronts.

• He signed the American Recovery and Reinvestment Act
within a month after his 2009 inauguration. This is part of a
plan to save or create 3.5 million jobs. There is also a proposed
tax cut for 95% of the working class. He also plans on making
critical investments in infrastructure.

• The housing crisis which kick started the financial
crisis is being brought under control by offering refinance at
historically low mortgage rates and also to prevent more
foreclosures.

• Obama plans to make significant investments in
healthcare, energy and education to cut costs and generate
revenue for American businesses and families, creating jobs that
cannot be shipped overseas.

• Obama believes in a bottom up economy and not a top down
one. In the former the rules of government and business are fair
and are universally applicable. It leads to an increase in
people's enthusiasm and motivation and Obama believes this is the
key to a growing a prosperous economy constantly striving for the
betterment of its products, people and nation.

• Spending $12 billion in Iraq will not help America tide
over it's difficulties.

• Obama supports a Credit card Bill of Rights to protect
consumers.

• Obama aims at bringing strict control over corporate
loopholes and tax havens. He calls for reducing tax cuts for
people who don't need thus saving more than $150 billion.
		

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