As the GOP frontrunner who doesn’t believe that Adam & Eve rode dinosaurs, Mitt Romney is becoming an important and influential voice in the debate over how to restart our economy.
This week, he rolled out a 59-point Jobs Plan and the Wall Street Journal‘s editorial board has just given it the once over. In short, they judged it a mixed bag.
- Mitt is playing a bit too coy about what his taxation policy will be.
- He also has some language in there about China’s currency manipulation that may be simply a nod toward the votes he needs in the hollowed-out manufacturing regions of PA and OH.
- He doesn’t have any core beliefs anchoring the plan other than a belief in “his own ability to manage the economy” as the board puts it
But to me, the positives outweigh the negatives – especially because Mitt understands that growing the economy at 3% or better is the only thing that will truly help, no more of the targeted nonsense of the Obama administration…
The rollout is billed as Mr. Romney’s “plan for jobs and economic growth,” and it rightly points out that to create more jobs requires above all faster growth. This may seem like common sense, but it’s a notable break from the Obama Administration’s penchant for policies that “target” jobs rather than improving overall incentives for job creation. So we have had policies for “green jobs,” or construction jobs, or teaching jobs, or automobile jobs, or temporary, targeted tax cuts for jobs—even as the economy struggles.
Mr. Romney seems to understand that the private economy will inevitably produce millions of new jobs—in industries and companies we can’t predict—when it resumes growing at 3% or more. This is an important philosophical distinction that drives most of the Romney agenda.
For more on Mitt Romney’s plan for growth and jobs, head over at the link below and for a look at what his (non-Rick Perry) rival for the nomination, Jon Hunstman, wants to do economically, follow the second link.