Mitt Romney’s Job Analogy
Mitt Romney today, in one of his major speeches yet, unveiled his ideas that will spur jobs and the economic growth of America. In his speeh, Mitt Romney framed his economic plan Tuesday as a job creator for middle-class America while charging that President Obama, days before he is to outline his own plan, “doesn’t have a clue what to do.”
Speaking at a trucking company in North Las Vegas, Nev., Romney said Obama is “not a bad guy,” but pitching stale ideas that have failed to turn around the struggling economy.
“President Obama’s strategy is a pay-phone strategy and we’re in a smartphone world,” Romney said. “What he’s doing is taking quarters and stuffing them into the pay phone … [and he] can’t figure out why it’s not working. It’s not connected anymore, Mr. President!”
Romney’s prescription for the country’s ailing economy includes overhauling federal tax, regulatory, trade and energy policies. His is a collection of business-friendly ideas that fit neatly within the mainstream of the Republican Party, but with a few innovative proposals sprinkled throughout, namely tougher stances on China and labor unions.
Channeling the management consultant he used to be, Romney unveiled a 59-point plan, published in a 160-page book, that aides boasted is the most specific any candidate has offered.
Speaking under a banner that read, “Day One, Job One,” inside a sweltering North Las Vegas truck warehouse, Romney laid out 10 actions he said he would take on his first day in the Oval Office that would create more certainty for businesses.
They would include five proposed bills that would: lower the corporate tax rate to 25 percent from 35 percent; implement free-trade agreements with Colombia, Panama and South Korea; expand domestic energy exploration; consolidate worker retraining programs and turn them over to the states; and cut non-security discretionary spending by 5 percent. (Obama also supports those three trade agreements, although he has been accused of dithering to satisfy the demands of organized labor.)
If elected, the former Massachusetts governor said he would also issue five executive orders on Inauguration Day. They would roll back President Obama’s health-care overhaul; eliminate Obama-era regulations; issue new oil-drilling permits; sanction China for currency manipulation; and reverse a number of policies that favor organized labor.
Romney also said he would cut the size of the federal workforce by 10 percent through attrition, possibly by hiring only one new government employee for every two who leave.
But even as he touts the comprehensiveness of his plan, Romney leaves out some important details, such as setting personal income tax rates, that at least one of his opponents, former Utah governor Jon Huntsman Jr., has detailed in his own economic plan.
While aides said that Romney’s prescriptions would add certainty to the business environment over the long term, there was little to provide an immediate jolt to an economy whose growth has been hampered by low consumer spending and an overhang of mortgage and other personal debt. Measures such as new free-trade agreements and leasing more land for oil drilling would take years to have an impact on economic growth.
The plan relies on a presumption that with more predictability in the economic environment, businesses would invest more and hire additional workers — something they have been loath to do, despite the fact that their profits have rebounded to record levels since the 2008 financial collapse.
The former Massachusetts governor did not list each of the 59 proposals his campaign put forward Tuesday, but outlined immediate steps he’d take on his first day in the Oval Office if elected.
They include introducing legislation to lower the corporate tax rate from 35% to 25%; signing trade agreements with countries like Colombia, Panama and South Korea; opening new areas of the nation to drilling for oil and gas; and consolidating government-run job training programs.
Romney also continued to focus on his private-sector experience, a point he’s making with new urgency given the challenge he now faces in the Republican primary from three-term Texas Gov. Rick Perry.
“I don’t have all the answers to all the problems that exist in America and around the world. But I know how to find the answers and I also know how to lead,” Romney said.
It’s enjoyable to listen to Romney speak as he’s speaks from his knowledge, experience, and heart and does not have to use a teleprompter.
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