Both Obama and Romney plan to unveil their job plans on September 6th, the day after Labor Day. Very little is known about Romney's plan other than "he's run businesses and knows how to create jobs". Much more is known about Obama's:
QE3
A national infrastructure bank that pushes much of the cost on state and local gvmt.
extending unemployment
a job training program
more foreign trade agreements - outsourcing jobs overseas that americans don't want
http://www.huffingtonpost.com/tim-ro..._b_933038.html
and in general more of what hasn't worked in the past.
But what about Paul? Does he even have a job plan? There is certainly not one under issues on his campaign web site. A quick scan of the Ron Paul on the issues section here didn't find a thread eithor. I did find this interview from February with Gretchen Carlson that talked about the issue, however:
http://www.ronpaul.com/2011-02-09/ro...-are-the-jobs/
"Ron Paul: Well, I want to get the people, and especially the people here in the Congress, to understand why monetary policy is so important. And how the Fed is really the biggest contributor to unemployment. They manipulate the entire economy through fixing interest rates and expanding money and decide they can plan the economy. But they create boom times. So they do create better times. But that inevitably leads to the bust, and that’s the recession. You have unemployment because of the recession. But so far, nobody has recognized why we have the recession. Because now, most people are advocating more spending and more inflation…print more money. And it just doesn’t work. So, we have to understand monetary policy if we want to turn this economy around.
Gretchen Carlson: So, so many people who are unemployed right now, or who may become unemployed, are asking this question of you this morning, Congressman. What can you do in these hearings to try and get some of those jobs back?
Ron Paul: Expose the truth. Because if people don’t understand what’s going on in the Fed, which means that we need to have more transparency and more auditing, then we can’t do our reforms. And then the reforms will come. But right now, there’s no waving of the wand. The most important thing that we could do in policy is to allow all the mistakes made in the economy for the past 30 years to be corrected. That means liquidation of debt and allow prices to go down. But we’re doing everything differently. The Fed and the Congress want to keep prices up. And they won’t allow the debt to be liquidated. They keep propping up bad debt. As long as you do that, you prolong the agony. We did it in the depression and the Japanese have done it for 20, 30 years and we’re embarked on the same course."
That's hard to fit into a sound bite, let alone for the average person to wrap their mind around. "Audit the Fed and correct monetary policy" is not exactly what most people would call a job plan.
Anyone here know if he's talked more on this and presented other ideas?
When I hear business owners talk, they say the reasons they are not hiring is uncertainty about Obamacare and future regulatory burden. When McDonalds got a waiver on Obamacare they turned arround and had a huge hiring day where they picked up something like 50,000 new employees. So perhaps a all out war on regulation should be a centerpiece of any job plan.
The Heritage Foundation in a report titled: Red Tape Rising - Obama's torrent of new regulation:
http://www.heritage.org/research/rep...new-regulation
Mentions that the current regulatory burden on business is $1.75 Trillion dollars a year. That is 12.3% of GDP, and a tax that is passed on to consumers. A hidden tax. It costs jobs too:
"Limits on “effluent” discharges from construction sites imposed by the EPA. Annual cost: $810.8 million. The cost of the requirements will force the closure of 147 construction firms and the loss of 7,257 jobs, according to the EPA. Homebuyers also will bear some of the costs, with an increase in mortgage costs of about $1,953."
Many other examples in that document.
There was also this recently:
Getting ready for a wave of coal-plant shutdowns
http://www.washingtonpost.com/blogs/...Z0PJ_blog.html
"Over the next 18 months, the Environmental Protection Agency will finalize a flurry of new rules to curb pollution from coal-fired power plants. Mercury, smog, ozone, greenhouse gases, water intake, coal ash—it’s all getting regulated. And, not surprisingly, some lawmakers are grumbling."
"The regulations, they say, will cost utilities up to $129 billion and force them to retire one-fifth of coal capacity. Given that coal provides 45 percent of the country’s power, that means higher electric bills, more blackouts and fewer jobs."
But the EPA isn't the only bad guy out there - all regulatory agencies share in this. The FDA is largely responsible for health care costs being unaffordable and not able to be paid for out of pocket as they used to be.
So does Paul have a job creation plan?
If so, what is it?
He could definitely get press and a seat at the table if he released his plan on September 6th too.
-t
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Originally Posted by iamse7en
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