One Of Romney's Investment Advisers Warns Against The Tea PartyQuicklink submitted By Amanda Lang Permalink
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|Back in 2010, this company sent out a letter from its advisers to their investors. That letter warned of a coming fiscal catastrophe if the Republicans took control in the midterms.
With an economy that is still highly dependent on fiscal support, the outcome of the midterm elections could lead to gridlock that would have major ramifications for the economy. An expiration of stimulus would be a significant fiscal drag."
Hold on, Romney's financial advisers warned of gridlock? I say, GOOD CALL! The stimulus worked? That's not what the Romney campaign said.
Not only does this statement fly in the face of Romney's stated positions, but more importantly, the rest of the letter vindicates President Obama's call for regulating Wall Street. "Regulation will improve liquidity and transparency" one slide on the adviser's power point read.