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Romney's 10-point plan to lift our economy. (180 degrees opposite of Obama's direction)

Original post made by Pat, Another Pleasanton neighborhood, on Dec 4, 2009

That familiar sound you hear is the purposeful flushing of our economy down the toilet by our leftist President and leftist Administration...including our own Mr. McNerney. Hey, about YOU forming your own local "Jobs Summit" for District 11? My guess is that all of your ideals, Mr. McNerney, are 180 opposite of the ones proposed below.

Web Link

Mr. President, here's how to lift our economy

By Mitt Romney

Today's White House jobs summit comes too late for millions of Americans who through no fault of their own have lost their jobs, their homes, their savings and, in many cases, the self-esteem and self-respect that come from work. Like other presidents before him, Barack Obama inherited a recession. But unlike them, he has made it worse, not better.

His failure to stem the unemployment tide should not have been a surprise. With no experience whatsoever in the world of employment and business formation, he had no compass to guide his path. Instead, he turned over much of his economic recovery agenda to House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid, themselves nearly as inexperienced in the private sector as he. Congress gave him and them everything they asked for, including a history-making three-quarters of a trillion dollar stimulus.

But it did little to stimulate the real economy — where jobs are created. Studies, initiatives and programs that liberal think tanks had long pined for were given life even as the private economy was on life support. The president's team assured us that their massive stimulus would hold unemployment below 8%. So with unemployment now at 10.2%, it is clear that their stimulus was a miscalculated failure.

In an attempt to disguise the truth, the administration has touted inflated figures of jobs "created." But every month, in good times and bad, jobs are created and jobs are lost. What matters is the net difference between the two numbers. Focusing solely on jobs created while ignoring the far greater numbers of jobs lost is Harry Houdini economics.

Growing government, as was done with the stimulus, inevitably depresses the private sector and job creation. Shrinking government and reducing government jobs is healthier for the economy, but this option was never seriously considered. That's no wonder: As White House guest logs for the first half of the year reveal, the most frequent visitor to the executive mansion was Andy Stern, the head of the Service Employees International Union, which represents government workers.

My 10-point plan

The president's economists insist that technically, the recession is over. But double-digit unemployment was neither prevented nor has it ended. To get people back to work as rapidly as possible and to restore America's economic vitality, the nation must change course. Here's the advice I would give:

• Repair the stimulus. Freeze the funds that haven't yet been spent and redirect them to immediate, private sector job-creation priorities.

• Create tax incentives that promote business expansion and hiring. For example, install a robust investment tax credit, permit businesses to expense capital purchases made in 2010, and reduce payroll taxes. These will reignite construction, technology and a wide array of capital goods industries, and lead to expanded employment.

• Prove to the global investors that finance America's debt that we are serious about reining in spending and becoming fiscally prudent by adopting limits on non-military discretionary spending and reforming our unsustainable, unfunded entitlements. These are key to strengthening the dollar, reducing the threat of rampant inflation and holding down interest rates.

• Close down any talk of carbon cap-and-trade. It will burden consumers and employers with billions in new costs. Instead, greatly expand our commitment to natural gas and nuclear, boosting jobs now and reducing the export of energy jobs and dollars later.

• Tell the unions that job-stifling "card check" legislation is off the table. Laying new burdens on small business will kill entrepreneurship and job creation.

• Don't allow a massive tax increase to go into effect in 2011 with the expiration of the 2001 and 2003 tax cuts. The specter of more tax-fueled government spending and the reduction of capital available for small business will hinder investment and business expansion.

• New spending should be strictly limited to items that are critically needed and that we would have acquired in the future, such as new military equipment to support our troops abroad and essential infrastructure at home.

• Install dynamic regulations for the financial sector — rules that are up to date, efficient and not excessively burdensome. But do not so tie up the financial sector with red tape that we lose a vital component of our economic system.

• Open the doors to trade. Give important friends like Colombia favored trade status rather than bow to protectionist demands. Now is the time for aggressive pursuit of opportunities for new markets for American goods, not insular retrenchment.

• Stop frightening the private sector by continuing to hold GM stock, by imposing tighter and tighter controls on compensation, and by pursuing a public insurance plan to compete with private insurers. Government encroachment on free enterprise is depressing investment and job creation.

The 10% unemployment crisis hangs like an albatross around President Obama's neck. Eventually, as with every recession and recovery, the economy will improve and jobs will be created, but those who were unnecessarily unemployed due to the president's faulty economic program will not forget. In order to most rapidly re-employ all Americans and to speed a strong recovery, the president must change course. If he does not, Republicans will bring a change of their own to Washington in the 2010 elections.

Mitt Romney, former governor of Massachusetts, was a Republican presidential candidate last year.

Comments (7)

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Posted by Cholo
a resident of Livermore
on Dec 4, 2009 at 6:24 pm

America is NOT READY for a Mormon president. Some of the beliefs seems strange to me.
I would never vote for a Mormon.

Like this comment
Posted by Hmmm...
a resident of Another Pleasanton neighborhood
on Dec 4, 2009 at 8:41 pm

Oh? A Muslim President...YES! But a Mormon President ... NO! ???

Give America Sharia Law, constitutional rights for terrorists, Sharia Banking, Sharia Schools in America, more sympathy toward Hezbollah, but don't give us a Mormon President! more attention to what is happening!

Like this comment
Posted by Cholo
a resident of Livermore
on Dec 4, 2009 at 9:27 pm

What is it about Muslims you don't like? Hmmmmmmmmmm...

Like this comment
Posted by Judy
a resident of Danbury Park
on Dec 5, 2009 at 10:23 pm

How dare Cholo spew his BIGOTED hatred.We have an entire CA legislature of Mexicans, but that's OK with Cholo. Romney is the smartest man in most any room in the country! He has actually CREATED more jobs in his career, than this entire Administration. He should be our president right now and everything would be much different !. He would have focused on 1. JOBS, 2.JOBS, and 3. JOBS. But not Obama. Oh, no. Obama certainly wasn't going to allow anything like a 'lil 'ol economic collapse deter him from his 'personal agenda' he's tone deaf. Charge right ahead with a Trillion $$ health care for the 17 million unemployable and those choosing to not carry, it NOT 30 mil, 30 mil includes illegals, so can't use that figure. And,he charged right ahead with pouring money down the green hole, paying back all the greens standing in line with their hands out for 'grants'....more rich getting richer and training inner-city unemployed to canvass houses to "weatherize". Oh pleezzee! He's still looking around trying to figure out what to do for jobs, since so far NOTHING has been done for Main Street and all the Ca tech companies that have shrunk to 50% employees and have NO intention of hiring until they SEE something other than new DEFICITS coming out of Washington. So far it's just new taxes for our kids.
When Romney was in high school his Dad was actually an auto CEO in Detroit and he didn't use US taxpayers to survive. Nothing beats real life experience.

Like this comment
Posted by !
a resident of Another Pleasanton neighborhood
on Dec 6, 2009 at 8:07 am

Thank you, Judy!!! At least there is one more person in Pleasanton who agrees with me.

The rest of the liberal residents are receiving what they voted for...mass unemployment, weakened US defense, weakened economy, taxes upon more taxes, more demonization of big oil and most other private sector businesses, etc.

How's that Hope & Change working for you Obama supporters?

Like this comment
Posted by Cholo
a resident of Livermore
on Dec 6, 2009 at 2:57 pm

judy judy judy...get a grip, I thought that we were friends? yes yes, no no?

In my mind, it's more about not hiring a person for the job who would bring along lots of extras that America doesn't need at this time. Maybe somebody could explain some of the strange beliefs that I find too odd for the White House. I don''t think that I could feel safe or proud of our President if he spoke about his faith. I respect the man but not the harm that he and his ingrained beliefs would clearly cause our nation. I don't think that the world's leader's would take America seriously, that's all. ROMNEY IS NOT FOR AMERICA!

I had no idea that the state capitol is overflowing with Mexican legislators? In my opinion, America thrives with its diversity. Lots of men and women have a chance to represent their communities. What's so bad about that? It's electoral political. America at its best!

I hope that Huckaby is OVER because he is way too soft on crime. He deliberately released a killer who murdered four of our best peace officers. What about that? I guess it doesn't matter does it judy?

This has nothing to do with the senior Romney. He was a good man. But, he is also OVER.
A few of the rich are getting richer but not all of them. There are indeed more than 30 million illegals in the US and more are coming. As a matter of fact, the majority will receive amnesty by 2012. That is the right thing to do. Offer people dignity and they will produce. America is GREAT! NO DOUBT IT!!! VIVA! VIA AMERICA!

So, how come so many people hate Muslims? You can't find any reasonable answer so you did deep into your hate bag and spew hate with no regrets...right? sad...

Like this comment
Posted by Cholo
a resident of Livermore
on Dec 6, 2009 at 3:23 pm

Fr. Johnathan: Web Link

A Catholic priest explains why America is not ready for a Mormon.

Sorry, but further commenting on this topic has been closed.

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