We are surprised each time we hear that presidential candidate Mitt Romney needs to come up with an economic plan if he wants to distinguish himself from President Obama–who has proved he has no economic plan. Certainly, throwing trillions of taxpayer and borrowed dollars at his friends’ companies and organizations has resulted in nothing but record high unemployment rates, burgeoning deficits, and economic downturns.
So does Mitt Romney have a plan to reinvigorate the US economy? Indeed, on his campaign’s website his plan is laid out quite clearly: “Mitt Romney will rebuild the foundations of the American economy on the principles of free enterprise, hard work, and innovation.”
Also, Romney has very clearly stated that his “plan seeks to reduce taxes, spending, regulation, and government programs. It seeks to increase trade, energy production, human capital, and labor flexibility. It relinquishes power to the states instead of claiming to have the solution to every problem.”
In other words, Mitt Romney’s plan is the exact plan that the founders put into place for America through its Constitution; the same plan that elevated our nation from a mere agricultural colony to a major world leader in every category and kept us there for several decades–until the left began its socialistic experiments with our economy.
So why the debate over whether or not Romney even has a plan? Because to the main stream media and the entire left, if the government isn’t managing every aspect of the economy, forcing its will on the people and taking their money and liberty in the process, it is no plan at all. Indeed, centralized control of production, distribution, and labor is the very essence of socialistic government, and it has NEVER succeeded, not anywhere or at any time in the world’s history. This kind of troubled thinking is exactly what got the country into its current mess.
When Obama sidesteps blame for the current state of the economy, he refers to President Bush and republicans in general and says that they are the guys who did this to our economy. Is this true? The truth is that our economy was in a recession when George Bush (II) took office. Later that year the economy took a serious hit with the 9/11 terrorist attacks, shutting down major portions of American transportation and industry. Democratic policies forcing lenders to extend unsecured loans to unqualified borrowers is what has led to the greatest downturn in the US economy since the Great Depression. Democratic high taxes and burdensome over-regulation have crippled our economy, and to the extent republicans have been willing to go along with these democratic policies, they must share responsibility for the problems they have caused.
Lowering taxes always floods the economy with capital–as happened under Presidents Kennedy and Reagan. That is the stimulus that will put Americans back to work–which will be great news to the 15.5% that are currently unemployed or underemployed, and for the rest who are waiting for a raise.
Yes, Mitt Romney has a plan to revitalize the American economy, the American Plan, and anyone who wants to see America come back from the brink would be wise to support his candidacy.