Romney is ahead in the polls in Florida and he did very well in Thursday's debate. McCain might not have it wrapped-up after all. It was clever for the candidates to avoid attacking each other. It drew a obvious contrast to the squabbling among the Democrats. Read the Entire transcript here. Here's an excerpt:
MR. WILLIAMS: So to our candidates, gentlemen, welcome to you all. Thank you for being here, and let's begin. And Governor Romney, I thought we'd begin with you. The president just today signed off on this economic stimulus plan that would send out 116 million checks to American homes. The plan is somewhat contrary to yours, providing lots of short-term stimulus to individuals. Your plan, as you know, focuses as much on the long term as the short term. Are you disappointed that your recipe for the economy was not embraced by the president? And as a follow-up, will you now embrace his plan?
MR. ROMNEY: Well, there's a great deal that is effective in his plan. I just wish it went further. What's effective is, first, he's getting money back to consumers. And given the fact that two-thirds of our economy is a consumer economy, getting money back into the hands of our citizens, a lot of them paying a lot for gasoline, a lot for heating oil, a lot of people concerned about how to make ends meet, that makes sense to me. Mine was a little different. It had a permanent tax cut for people at the lowest income tax bracket. I also have a savings plan for individuals that allows folks who are making under $200,000 a year to save their money tax free, no (interest on ?) interest, dividends or capital gains. I guess we can get to that later. But his first start to help the consumers is a good start.
I just think we need to go further.
Second, we go to -- to corporate support and helping corporations have the incentive to buy more capital equipment. That he also does. I do it more aggressively than he does by writing off a larger amount of capital expenditures -- getting companies to, frankly, buy more stuff so that as they do so that other companies will hire people because if you want to turn an economy around, the key thing is to grow jobs. It's not just to get checks in the hands of consumers; it's consumers buying things that creates jobs. It's companies buying things that create jobs.
And then finally, his last leg is with regards to helping the FHA take on a broader array of -- of -- of homes that are in trouble, homeowners that are in trouble. And that's really very important, and I'm appreciative of the fact that the president took that step. We -- we really have across the country a housing crisis, a mortgage crisis, that seems to have spilled out into the entire economy, and -- and the effect of this, of course, is to put a lot of pain against a lot of people. And so helping reverse the housing crisis is critical.
And that's why expanding the FHA loan requirements, or excuse me, if you will, loosening those requirements and expanding the ability of FHA to help out homeowners would make a big difference. So net-net is something I support, and I look forward to taking it further.
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