Maybe it’s just me, but I found this little noticed detail about Rmoney’s Magic Tax Plan amusing.
This week the Romney campaign was knocked on its heels by a study which suggested that Romney’s tax plan would — in addition to giving a windfall to the wealthiest Americans — increase taxes on 95% of Americans. So the guy who’s running for President to turn back President Obama’s supposedly high-taxing and deficit creating ways would actually raise taxes on virtually everyone and also explode the deficit.
But, wait, there’s more!
[J]ust look who the campaign is putting forward as the expert on the Romney Economic Boom. I’m sort of surprised no one has pointing this out. It’s none other than Kevin Hassett.
Who’s Kevin Hassett? Well, he’s none other than the coauthor of the spectacularly boomtime late 90s bestseller Dow 36,000: The New Strategy for Profiting from the Coming Rise in the Stock Market. As TPM Reader WM points out, not only was the book amazingly wrong and basically assumed the tech boom was permanent, the whole concept was based on the idea that stocks should be valued on a “formula that double-counted earnings and dividends. A true classic in wingnut economics.”
Don’t really follow economists much beyond Atrios myself, but I assume this means he’s a well regarded and often quoted expert among the far right punderati.