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Romney’s Plan To Turn Around The Economy

From an editorial in USA Today:

Romney: My plan to turn around the U.S. economy

By Mitt Romney
September 5, 2011

Barack Obama has had his turn at fixing the American economy. Millions of unemployed Americans can judge by their own experiences what he has done and failed to do.

For my part, I believe America can do better. I have spent most of my career in the private sector starting new businesses and turning around ailing ones. Unlike career politicians who’ve never met a payroll, I know why jobs come and go.

Tomorrow, I will introduce a plan consisting of 59 specific proposals — including 10 concrete actions I will take on my first day in office — to turn around America’s economy. Each proposal is rooted in the conservative premise that government itself cannot create jobs. At best, government can provide a framework in which economic growth can occur. All too often, however, government gets in the way. The past three years of unparalleled government expansion have retaught that lesson all too well.

Only the individual initiative of entrepreneurs, workers, investors and inventors enables companies, and our economy as a whole, to flourish. We must once again unleash the tremendous economic potential of the American people. The contrast between what the Obama administration has done and what I would do as president could not be starker.

First, President Obama has raised or threatened to raise taxes on both individuals and businesses. I would press hard in the opposite direction. Marginal income tax rates and tax rates on savings and investment must be kept low. Further, taxes on interest, dividends and capital gains for middle-income taxpayers should be eliminated. Our corporate tax rate is among the world’s highest. It leaves U.S. firms at a competitive disadvantage and induces them to park their profits abroad, benefiting the rest of the world at our expense. I will fix these problems with permanent solutions. Ultimately, I will press for a total overhaul of our overly complex and inefficient system of taxation.

With scant regard for the costs imposed on consumers and businesses, President Obama has vastly expanded the regulatory reach of government. The federal government has estimated the price tag for its regulations at $1.75 trillion. I will pare back regulation, including eliminating "ObamaCare." I will direct every government agency to limit annual increases in regulatory costs to zero. The impact of any proposed new regulation must be offset by removing another regulation of equivalent cost. Every one of President Obama’s regulations must be scrutinized, and those that unduly burden job creation must be axed.

Where President Obama left America’s trade interests untended, I recognize the job-creating potential of international commerce. I will create the "Reagan Economic Zone," a partnership among countries committed to free enterprise and free trade. It will serve as a powerful engine for opening markets to our goods and services, and also a mechanism for confronting nations like China that violate trade rules while free-riding on the international system. I will not stand by while China pursues an economic development policy that relies on the unfair treatment of U.S. companies and the theft of their intellectual property. I have no interest in starting a trade war with China, but I cannot accept our current trade surrender.

The Obama administration has severely restricted domestic energy production. I will ensure we utilize to the fullest extent our nation’s nuclear know-how and immense reserves in oil, gas and coal. By rationalizing and streamlining regulation, we will harness these resources everywhere it can be done safely, taking into account local concerns. A huge number of jobs is at stake. So, too, is the price of energy, which strongly influences economic growth. We are an energy-rich country that, thanks to environmental extremism, has chosen to live like an energy-poor country. That has to end.

Seeking to pay back political favors, President Obama has catered to the institutional interests of union bosses at the expense of both workers and businesses. I will fight against measures that deprive workers of basic rights, such as the secret ballot. And I will not tolerate federal intrusions of the kind that the National Labor Relations Board initiated when it filed suit against Boeing for opening a plant in a right-to-work state.

We also need a rational system for worker retraining, instead of the existing 47 separate programs run by nine federal agencies. America can have the world’s most competitive workforce, and under my leadership, we will.

Finally, President Obama has engaged in a massive spending binge of choice. He threw dollars at every problem he encountered, running up the national debt and accomplishing worse than nothing in exchange. I will restore fiscal discipline by cutting the federal budget and placing an ironclad cap on spending. I will also press for a Constitutional amendment to balance the budget. Tellingly, while the private sector shed 1.8 million jobs since Barack Obama took office, the federal workforce grew by 142,500, or almost 7%. A rollback is urgently required.

As this catalogue of differences makes clear, our country has arrived at a fork in the road. In one direction lies the heavy hand of the state, indebtedness and decline. In the other direction lies limited government, free enterprise and economic growth. I know which direction is the American way. And I know in which direction lie the millions of jobs we need.

Mr. Romney says most of the right things about what the US economy needs. (We only question his comments on "worker retraining.")

But will he walk the walk if given the chance?

This article was posted by Steve on Tuesday, September 6th, 2011. Comments are currently closed.

16 Responses to “Romney’s Plan To Turn Around The Economy”

  1. Chinnubie says:

    Obviously, he knows the right things to say but given his track record in Massachusetts and caving into liberal demands of universal health care I have to wonder if he’ll be able to stand up to the criticism the MSM will surely put him through. My bet hedges on Rick Perry because I really think he has a much better chance at staring down the MSM and telling them where to “stick it”.

  2. BigOil says:

    Romney’s basic message is he can manage the leviathan better than Barry. I would contend the federal monster is so far outside the bounds of the Constitution it can not be managed.

    To save our republic, unaccountable and unconstitutional agencies must be dismantled – brick by brick. Romney is not the man for the job.

    • I must concur. NOT the man for the job.

      We need to have someone with REAL Kahonies. Palin, Bachmann perhaps? someone willing to throw out entire agencies.

      EPA, Energy, Education Dept, BIA, to start.

  3. proreason says:

    Another one, Steve, is cost neutrality on regulations. How about reducing the cost of regulations by 50% in four years and then 5% a year for the next 5 or 10 years?

    As for job training, I could support consolidating the existing 49 agencies and keeping the cost as is until unemployment is under 7%. Even though I doubt that retraining is very effective in most instances, it would send a good signal, which is what I think Romney is trying to do; but he doesn’t mention cost neutrality.

    Of course he won’t get all of this and may not try very hard for much of it. But it’s a sure thing that he would be infinitely better than The Moron.

  4. David says:

    Romney knows he can not win without a large chunk of conservatives. If those who agree with Tea party-like ideas do not vote for him he will not win either the nomination or more importantly the general election. Now, past decisions aside, I think Romney is the type of man who will govern according to those he represents not necessarily along a consistent core principle. I think this would be a good thing if he recognizes the role that the conservative branch played in getting him (possibly) elected. Further, I think Romney-care is not such an albatross as the media portrays it. It is exactly the conservative message that health care (and education and …etc) is constitutionally the role of the States and not the Fed. If the people of Mass. want socialist health care that is their right. And Romney governing according to the will of the people he represents instead of a rigid core conservative principle is not necessarily a negative.
    That being said, I will not vote for him in the primary (not that it matters since my primary is so late) but I don’t want to sour the water should he get the nomination.
    My overall concern with Romney is that 3 years ago he lost to freaking McLame. If he can’t beat that guy how is he going to beat the guy with all the money, henchmen, and voting scams?

    • proreason says:

      Romney was hurt vs McLame in 2008 because he’s a Mormon.

      People don’t care this time. There are bigger fish to fry.

  5. beautyofreason says:

    Romney is one hundred times better than Obama but I am concerned by his answers in a recent debate. He said that on his first day in office, he would sign an executive order to provide exemptions to Obama care in all 50 states. But later Romney claimed that variants of that heath care bill are acceptable on the state level, such as mandatory health insurance. When pressed on illegal immigration, Romney gave a lukewarm answer about enforcing current laws and expressed his wish to invite more immigrants to the States. If this is how he responds to answers to a primarily Republican audience, how far to the center will he move once / if he receives the nomination? Is Romney playing by ear?

    I’ve noticed that the mainstream media is choosing to tear at Bachmann as opposed to Romney or Paul, suggesting that R and P are their favorites, just as McLame was the favorite “moderate” in NYT articles until Obama came along. No doubt the libs will throw Romney under a bus when the election draws near, but their silence says a lot. Pretty amazing that we have so many buffoons on the left (Waters, ) that the mainstream media doesn’t follow up on, but the mere existence of a conservative is enough to make their blood boil.

  6. GetBackJack says:

    Romney = RINO

    If you think he’s in this for any reason other than the LDS heirarchy bade him run, you don’t know the LDS.


    Besides being a UFO cult that at bedrock teaches their “church” has replaced Israel, and the Roman church as the apple of God’s Covenant Eye, they’re also up to their necks in the symbolism and purpose of Freemasonry.

    Like Islam, it is not a religion, it is a theocratic movement.

    • Papa Louie says:

      Why is it that any mention of Romney brings out the anti-Mormon kooks? The LDS are “a UFO cult”? Are you confusing Mormons with Scientology or the Nation of Islam? It was Farrakhan who saw the “Mother Ship,” not Smith. Sorry GetBack, but you don’t know Jack about Mormonism. The LDS church does not replace Israel but joins Israel or, as Paul taught, is adopted into the seed of Abraham and shares in the promises given to Abraham and his descendants.

      As for Freemasonry, Ben Franklin, George Washington, John Hancock, and many of our founders were Freemasons. Do you also condemn the United States for being founded by Freemasons? Do you want to rewrite the Constitution to remove from it any possible influences of Freemasonry?

      Mormons don’t have an equivalent to Sharia law, nor do they behead infidels. Unlike Islam, official Mormon doctrine calls for freedom of religion and grants to all men moral agency that they may “worship how, where, or what they may”. The only theocracy that Mormons look forward to is the same one the “Roman church” looks forward to – the return of Jesus Christ, whose right it is to reign. GetBackJack should get back to the facts and leave Mormon bashing to ignorant bigots.

    • Melly says:

      During the Palmetto Forum I have to admit that I admired Romney’s response when asked to explain the process he would go thru in order to make a difficult decision. He said he would fall on his knees and pray to God. Good enough for me. When he said he would consult with his wife for her “confidence…” – even better. Romney is drawing every hater out of the woodwork. The Ron Paul minions are relentless and those who are former LDS followers are even worse. I once looked up the respective religions of our previous Presidents and found it quite enlightening. For instance, did you know that Ike was a Jehovah Witness? And the country still survived….imagine that. ;-)

  7. Melly says:

    Well, if facebook is a good indicator ;-), Mitt’s friends number is growing steadily whereas Rick Perry’s amount of friends has remained at a stagnate number since he announced his entrance into the Presidential race (1,100,000 vs 144,000 approx). It will be interesting to see the uptick, if any, after the debate. Of course, Sarah has millions of friends on FB, admittedly she gathered most of them during the past three years. The latest from the social network scene ;-) Stay tuned. (p.s. you don’t even want to know how many FB friends Barry has – keep in mind he collected most of those friends when they thought he was the Messiah and would pay off their mortgages and put gas in the gas tanks).

    • proreason says:

      Let me guess.

      43% of the population less SS recipients. I think that are 50 to 60 million on SS and the population is 307 million. So I’ll guess 77 million divided by 2 since only about half of them can read.

      Final answer 39 million.

  8. canary says:

    So, is Romney going to remove his signature off all the going green regulations he signed while Governor of Massachusetts.

    His wording has a type double meaning that will appeal to liberals. Which is his game to get elected and re-elected.

    Pretty clear in his wording that he is talking about green jobs.

    Romney “By rationalizing and streamlining regulation, we will harness these resources everywhere it can be done safely, taking into account local concerns. A huge number of jobs is at stake. So, too, is the price of energy, which strongly influences economic growth. We are an energy-rich country that, thanks to environmental extremism, has chosen to live like an energy-poor country. That has to end.”

    (He has already announced he’s Green, and only joked when he said little electric cars like the Volt may be too much regulation. )

    ” I have spent most of my career in the private sector starting new businesses and turning around ailing ones. Unlike career politicians who’ve never met a payroll, I know why jobs come and go.”

    Governor, and his 2nd run for President is a large fraction of his life. Asking for money.

    • Melly says:

      Maybe Rush Limbaugh will defend and explain Romney’s position and intents on tomorrow’s show. Rush spent nearly the entire show defending Rick Perry. “I was a little disappointed in what I heard….but he probably meant….” His heavy handed coddling (oximoron) of Rick Perry was blatant to this listener.

    • canary says:

      Strange about the Mormon religion is the comparison to Mohammad and muslims. Both declared themselves prophets, have more than one wife and the wives must be submissive. And we are talking about little girl wives such as African customs influenced by Islam customs.

      The young Mormon men took my Holy Bible and started spinning it on my coffee table and told me how it was out of control and unsteady. They then took their “book of Pearls” and set it down in the way of my spinning bible. They explained to me the book of Pearls was stronger and more steady than my bible.
      I was like wow as I shoved their book of Pearls flying across my living room. Look it can fly like Superman too.

      Then my daughter started dating a Mormon and of all her boyfriends I’d still have chose him, as none of her Christian and non-Christian boyfriends were as decent he was. But, then I learned his mother, high in the Mormon church insisted in order for her 16 year old son to date my 15 year old Christian daughter she had to meet with 2 adult young Mormon missionary wearing suits and ties. They are not allowed to date during their 2 year mandatory mission work. Without my knowledge the perfect Mormon mother set this up. I thought the young men bringing her flowers and all was just a normal thing. Until I found out the adult was having my daughter lie to me and sneak out in the middle of the night. Her little brother snitched her out, and I found the sob’s tie in a pretty box hidden in her room. Coward ran for his life. I wished I’d have told the mother off for all this, but at the time I really liked her son whose has turned into one of the finest, bravest Christian men I know. And I love Glenn Beck’s heart.

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