Keywords or Terms:
Republican Party; Gov. Romney Jobs Plan; China; India; Trickle-down Economics;
Corporate; Tax Breaks; Foreign Wars; NAFTA; President Obama; Infrastructure
Spending; Tax breaks; and Bold and Revolutionary jobs’ creating strategy.
Within the Republican Party, are conservatives,
ultra-conservatives, moderates and believe it or not, some liberals. Each of
these groups has its favorite candidate among the slate of aspirants for the
office of the Presidency in 2012. When each group member listen to any
aspirant render a speech, each hears his or her own biases. But Governor Romney’s
Speech on jobs' creation beats so many hollow to a point that some plainly said,
there is hardly any thought or revolutionary reasoning in the aspirant’s
proposal on the endeavor. In one sentence Romney wants to cut taxes for the
rich, expand corporate welfare, drill more oil and slam down China for
monetary policy. The blog today makes a case that it is going to take more
revolutionary and earth shaking strategy than the old worn and unresponsive
Republican mantra for resolving America’s
problem of unemployment.
Given to the usual mantra of Republican strategy for
governance, cut taxes, cut government to the bare bones, expand government
corporate welfare, exploit more natural resources and go after the exclusionary
communist state, Romney exhibited laziness of thoughts, absence of
understanding of the reality of globalization in the new world order and a
genuine understanding of what is going to take to turn this economy around.
Governor Romney repeated the same things previous Republican Presidents advanced and romanticized with, which hardly yielded positive
results for job creation in similar economic environment; or, offered solid
solutions for unnerving the writhing grips of high unemployment. Romney
identifies with the old Republican hollow mantra: Trickle-down Economic Theory
or Reaganomics. This is a policy that Reagan himself relegated to the back
waters, as he increased spending on some social welfare programs that were once
criticized as bloated and reason for the nation’s huge deficit in late 70’s and
early 80’s. Romney failed to address some short comings of NAFTA, which many
observers of public policy denounce as one of the reasons, why unemployment
is so high in today’s America. Although I do not share that last observation,
as I am not so much of a protectionist, I still believe that there are some
issues with NAFTA that are not working completely in the interest of America’s
economy.
Republicans are completely focused on unseating President
Obama; hardly taking cognizance of what it takes to address the jobs crisis in America.
A survey taken recently by the Pollster found President Obama’s job approval
rate at 62%; implying 38% are still likely to give him the benefit of doubt.
The reason for his poor score card has been associated with how he has handled
the economy. There is the argument that our congress and senior politicians,
from both aisle of congress, have failed to address policy issues in bills that
could have saved the nation from the pains and pangs of unemployment.
Republicans have remained the stumbling block all the way, failing to stand up
for what the people want: jobs, jobs and jobs, again. Democrats have not fared
much better, considering that their jobs creating initiative has not been huge
enough to create the required dent in the nation’s unemployment. From recent
polls come the optimism of 38% percent of Americans; that, the President has
stood firmly in support of America’s interest and showing commitment to grow
this economy by creating jobs; but it seems that the nation’s tax laws reward more overseas investments by corporate America. The tax loop holes have made it somewhat difficult for the nation to grow jobs at the rate necessary to
deal with high unemployment or a cyclical economic regime. The argument is for a revised tax codes among
others, to help kick start the economy and grow jobs in America. The
challenge for President Obama in his forthcoming speech to the joint session of congress on
jobs’ creation is how to engage the 62% of Americans who are not so fund of his
administration’s effort on job creation. It is up to the President to deliver
and save his chance at a second term in his forthcoming speech to the joint
session of congress and the nation.
According to Warren Buffet, it is about time the rich pay
their fair share of the nation’s revenue shortfall by accepting increased
taxes; and, better shared sacrifice from people like him. Similar observations
have been made by the GAO, which indicate that if the nation allows President
Bush’s tax cut for the rich to expire this coming January, the nation will be
able to cut its deficit in half, that has so much been the concern of the
Republicans. President Obama may only succeed by going beyond a small planned
infusion of government’s investment in jobs creation. The Professional
Association of America Engineers has indicated that there are about two and half trillion
dollars infrastructural spending needed now to keep pace with our national
needs and future expansion. Investing money in infrastructural refurbishing, rebuilding and enhancement are best bets for creating immediate jobs in the economy. Protecting seniors’
retirement portfolios and keeping them in their homes are essential ingredients for unraveling the current economic depression. Now, does Romney’s Plan or
pseudo plan scratch the surface of these problems; or attempt to accomplish anything worthy of note? The
answer to that question is a resounding no.
Not all Republican’s response to getting the nation’s
economy back on track are dismissive; however, when a candidate attempting to
unseat the current President is engaging in demagoguery like growing our economy will
be achieved by cutting taxes for the rich and not growing government, or
offering loose statements about a foreign country’s currency regime, most of
which Democrats have insistently made effort to correct in the past few years,
you begin to wonder: where has Governor Romney been in the past decade, when
Republicans opened up government coffers to the rich through huge tax cuts and
engaged in lousy and contestable foreign wars? It is about time that Republican
aspirants begin to make the most of the available economic advisers within
their campaign ranks or team. Instead of improvising plans that have previously been offered and found wanton in fighting unemployment, Republican aspirants
have to show a noticeable way to unravel the unemployment problem, if they
want any voter to look their way come 2012.
For instance, President Obama’s last stimulus plan was close
to fifty percent tax cut; yet we have not been able to make a huge dent in the
unemployment rate. This same ineffective and somewhat loose strategy is being
proposed by a candidate presumed to be a front runner among some Republicans for
nomination to be the flag bearer for their party. I’m a proponent of effective
economic public policy, which can make a difference in solving challenging
national problems. Take investments in infrastructural spending to boost job
creation for example; it isn't really a completely hot solution for resolving the huge
unemployment problem; but, it stands the best chance at bringing about million
of jobs in building, construction and manufacturing. This is the type of revolutionary
and responsive initiative that is needed to engage this problem. Now, for this
strategy to make a remarkable difference, the infrastructural spending must be
huge enough to cut into unemployment rate across the board. As much as it is
probably going to add to our deficit in the short-term, it stands a better
chance of bringing about change in the number of jobs available to Americans,
fifteen million of whom have been out of work one day too many. Yes, this
concept may push so many fiscally concerned or conservative voters out of their
comfort zone; however, it is probably the best or the most powerful to engage
the unemployment problem that has beleaguered the nation’s economy recently.
Any job plan at this time in the nation’s effort or dilemma,
must not only be revolutionary, it must be huge enough to make a noticeable
difference in the unemployment problem and the challenges facing middle class America.
Governor Romney’s plan looks more like an improvising plan to what Democrats
have already tested and found insufficient to take on the problem. Romney’s
plan makes so many Republican candidates that may be running behind him for the
party’s flag bearer, awkward and utmost lousy in their efforts. Cutting
corporate tax rate, expanding exploitation of carbon-based fuel sources, giving
more tax cuts to the wealthiest among us and bashing a foreign country for her
currency regime are not as revolutionary for any candidate seeking to unseat
President Obama. A former Massachusetts
governor that touts his 25 year experience in the private sector ought to do
better than the plan advanced by Romney on jobs' creation. Some critics have indicated that buying up
failing firms or investing in companies to make quick monetary returns as
characteristic of Romney’s past experience in the private sector, hardly
translates or means experience in creating jobs; especially, when he had
actually specialized in laying workers from his newly reconstituted firms after
a buy out or take over. As the governor’s experience has involved, merging
companies, cutting wages and unloading labor force after buying those companies
on the cheap, it is really hard to believe that such a candidate can address
the issue of jobs creation as we now need in America.
If Governor Perry is the Republican front runner by some
polls out there, the ideal question for Mr. Perry now is: Where is your job
plan or, when is he going to lay out his plan? The demand for work in America today
is limitless. America
is badly seeking plans and strategies that create opportunities for the skilled
and unskilled labor force. Leadership in jobs creation is essential for the
nation to match the challenge at hand. One half of the nation’s retirees’
wealth has evaporated and there is probably a glut of 4 million foreclosed homes
and another five million in the pipeline, if the unemployment problem does not
budge. The nation is not seeking a smooth talker or a wishful thinker, what the
nation needs, is a leader who can get Americans jobs, allow them to hold on to
their mortgages and rebuilding their lives once again! It is unlikely that Americans
voters will simply improvise anyone for the current President just because he
or she says he has the experience to create jobs out of merging companies or
buying them on the cheap for a quick turn around; or that their state has the
lowest unemployment in the past years. All those out of work seek employment
and hardly care about promises or past achievements of any candidate for the
White house’s oval office, at this time.
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