Mitt Romney’s Tax Increases/Massachusetts Credit Rating

Politico:

Gov. Mitt Romney lobbied the credit ratings agency Standard & Poor’s in 2004 to raise his state’s credit rating in part because Massachusetts had raised taxes during an economic downturn two years earlier.

The claim was part of a presentation to the ratings agency obtained by POLITICO under a state freedom of information law from the Massachusetts Executive Office of Administration and Finance.

  It was just recently that Romney ( weird guy ) stated that President Obama should meet with the S&P.

"The president really ought to personally sit down and meet with S&P. I did that when I was governor; I met with the ratings agencies and talked about our future and tried to instill confidence in our future because, look, how they rate our debt and how they rate our future as a nation will affect the interest costs that we end up paying and will affect homeowners and borrowers all over the country,"

    One more little tidbit.

“When you’re talking to ratings agencies, you are trying to emphasize your fiscal strengths irrespective of what might be your long-term policy,” said Kriss, who said Romney had been “vehemently opposed” to the tax increases despite their role in balancing the budget.

  Go and read the entire story here as it is an interesting article.

   Tax increases and spending cutbacks work for a state, but they wouldn’t do the same for the entire United State? Bullshit.

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