COMMENTARY | Mitt Romney's impassioned speech on job creation was long on political barbs but short on new ideas. Ditto his plan. The 161-page diatribe consists primarily of a protracted recounting of the country's recent hardships, current statistics documenting just how bad the economy is, and periodic jabs at President Barack Obama.
He seems to think if he produces enough scholarly sounding text we will be fooled into thinking there is real substance here. In actuality, this is nothing more than a weak reiteration of a lot of tired Republican standards.
His proposals range from ho-hum to downright alarming. Titled "Believe in America," the plan commences on his imaginary first day in office as newly inaugurated president. Romney outlines five bills he would submit to Congress and five executive orders he would issue.
One executive order calls for the immediate elimination of "Obama-era regulations," specifically targeting the Clean Air and Clean Water acts. Who needs to breathe anyway, right? These regulations may require one time monetary outlays, but they also offer long-term benefits in the form of reduced healthcare costs. Does anyone else find it ironic that the "right to life" party doesn't seem to think that a lung cancer or COPD victim's life is worth the cost of retrofitting factories to reduce carbon emissions?
Romney suggests clean air is a "nice to have," impractical in this economy, yet he believes this is the time to reduce corporate taxes by over 28 percent.
Romney proposes a variety of tax reductions that contradict his call for fiscal responsibility and a balanced budget. He would make the Bush era tax cuts for the wealthy permanent, including the tax reductions on investment income. What logic could possibly support the idea that people who work should pay higher taxes than people who sit at home and let their money work for them?
Romney claims this will help Americans save for retirement, but there are already tax deferred plans for retirement savings, besides retirement is a distant dream for most Americans. Our priorities are more immediate: jobs, health, financial stability.
Romney claims his proposals will create 11.5 million new jobs, but doesn't divulge how he arrived at this figure, according to MSNBC. He is similarly vague about how he plans to pay for all the tax cuts, suggesting that increased tax revenues from his 4 percent projected annual growth will cover it. Accounting may not be his forte.
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