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WaPo - Romney unveils sweeping plan for jobs, economy


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http://www.washingtonpost.com/politics/romney-to-unveil-plan-for-jobs-economy/2011/09/06/gIQAMUWl6J_story.html?hpid=z1

NORTH LAS VEGAS, Nev. — Republican presidential candidate Mitt Romney put forward a sweeping economic plan here Tuesday that he projected would boost annual economic growth by 4 percent, create 11.5 million new jobs and lower the nation’s unemployment rate to 5.9 percent over four years.

“Restoring clarity and predictability are essential for igniting hiring and investment,” Romney wrote in an introduction to the plan, which he titled “Believe in America.”

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.

Romney proposed an overhaul of the tax code, including eliminating taxes on interest, dividends and capital gains for people earning less than $200,000. Over the longer run, he would explore lowering individual income tax rates and closing corporate loopholes. He also pledged to retain the George W. Bush tax cuts of 2001 and 2003

more after the jump
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I think if more people can be put to work sweeping it's better for both the economy and national tidiness.

That's how they do it in China. I recall going there and seeing someone who was obviously given the task of keeping Beijing clean by sweeping with a broom like this:

broom_~INGPCYHE0156.jpg

They were fighting a losing battle sweeping the gutter upstream in a torrential downpour. Seemed like a total waste of time, but they have to keep the population employed and busy somehow I guess.

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Well, there's something to be said for actually coming out with a plan.

Even if the plan consists of "slash corporate taxes", "drill, baby, drill", "everything Obama has touched is contaminated", "unions are the debil", and "we need more deregulation".

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Uh...can you use an executive order to "roll back" a health care bill that passed through Congress? Doesn't that sort of need to be repealed by them and that repeal signed by the president? It sounds like that EO would be more of a "mission statement" than anything binding legally. Otherwise, any president could just say "meh, don't like that law that was passed that one time...GONE!"

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How about a business background for future candidates? Is that asking too much?

They run the biggest business on earth. Is it unreasonable to want someone who knows anything about business?

A person who has made a payroll? Someone who knows what quarterly taxes are? Someone who has a business iq over 50?

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How about a business background for future candidates? Is that asking too much?

They run the biggest business on earth. Is it unreasonable to want someone who knows anything about business?

A person who has made a payroll? Someone who knows what quarterly taxes are? Someone who has a business iq over 50?

What about someone who has a working understanding of Contitutional law since that is what they charged with upholding and defending, at last check the oath of office did not swear the President to 4 quarters of consecutive economic growth.

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What about someone who has a working understanding of Contitutional law since that is what they charged with upholding and defending, at last check the oath of office did not swear the President to 4 quarters of consecutive economic growth.

One more time....in english please?

And after you restate this nonsense, can you tell us why we should elect someone who has no business experience? Thanks.

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Romney needs you on his campaign then, because if he can make one miracle happen then surely he can make his campaign promise happen.

If you think finding a lake on a map is miraculous, it goes a long way toward explaining your political affiliation. :ols:;)

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Hey, Romney needs to spend that campaign money on something because he has no shot at being president. 4 big things prevent that:

1. Tea Partiers don't support him one bit.

2. He has no real natural base of support.

3. His long standing record of flip flopping

4. Obamacare's Daddy is Romneycare.

If Romney wins the nomination, he will not have support of the tea partiers. They will do one of 2 things:

1. Concentrate their efforts in making sure the House stays Republican and more Tea Partified and help the Republicans get the Senate and make that as Tea Partified as possible. Romney wouldn't be a lock for their vote- they could vote for someone else or leave that blank.

2. If they are really pissed, they would run a candidate as a third party candidate.

The other more likely scenario is that the Tea PArty dominates the voting in the primaries and gives Perry or Bachman the nomination.

So Mitt publish plans all you want; you will never get the chance to implement them.

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Oh Rdskns2000 stop taking Mitt's promises and candidacy so seriously....it's apparent that he's not taking it seriously, so why should you?

I'm also not taking OBama's campaign speech err plan seriously either; as he no shot of passing that unless he gets an all democratic congress upon his reelection; which will be really close.

I know predict:

Obama 270

Republidiot: 268

Yes, this election will be closer than Bush-Gore.

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