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Old 09-07-2012, 12:57 PM   #14
HemiEd HemiEd is offline
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Quote:
Originally Posted by ChiefaRoo View Post
Growing from the middle out is all rhetorical nonsense. It can't be done unless of course we get what Obama wants which is a huge Govt. with more and more people working for the Govt. Then you can grow it for awhile until the private sector cannot support the model any longer and it collapses on itself.

No, the ONLY true way to build a healthy middle class is to grow businesses that are sized from less than ten to about 2000 employees. These businesses are the backbone of America. Obama likes to talk about building things in the USA. I can tell you that if the Govt. gave tax breaks for manufacturers to put million dollar milling and boring type of equipment in the USA then they would. Right now it's better/cheaper to Mfg. in China with that machine and then box up the product and ship it back to the USA to get put together into a final product.

There's a lot that could be done to incentify manufacturers to spend on cap ex. in the US and in turn that has a multiplying effect where companies buy from each other (which creates jobs) and they in turn build things in the US and that grows these companies. (Which creates still more jobs)

We also need a healthy retail consumer but they need a job first. Obama is hostile towards the private sector. He wants to raise taxes on Companies whose owners make $250,000 because they have organized their companies in a way that has them run their profits through their personal taxes. This will KILL job growth.

What I think needs to be done is the following;

1) Cut corporate tax rates to bring mfg. jobs back into the USA. Make it cheaper to Mfg. in the USA and jobs will be created

2) Eliminate loops holes for the truly rich (In my mind those are take home pay people who make $1Million or more in salary. We could argue that maybe it's $750,000 ... Tax their take home NOT the revenue from their companies.

NOTE: Corn should be going into our food supply not our gas tank. You can only grow so much of it. Either scale it back, reduce or eliminate the subsidy and get it back into the food supply to lower the costs of everything from Ketchup to Steak.

3) Make everyone pay some federal tax. Bush made a huge mistake letting nearly 1/2 of the population pay nothing. Even if it's a ham sandwich everyone should have skin in the game.

4) Incentify mega corporations to grow by letting them drill for energy in the USA. I'm talking Oil, Nat.Gas, Coal, Nuclear and Wind/Solar. Then tax their profits a bit higher. They will make more money but the risk will be worth it for them and they will grow profits and pay more to the treasury. Gas prices will go down which in turn will lower food prices.

4) CUT the size of the Federal Govt. The Feds are bloated. We are running Trillion dollar deficits. This includes a modest cut to the military. I SAID MODEST.

5) Re-organize social entitlements going forward. We've got to re-structure the safety net without destroying it for current older people but take into consideration the fact that younger people will live longer and will be healthier due to advancements in medicine. Like Ryan says if your less than 55 it will change, over? then don't worry your set.

6) Re-structure, replace Obamacare so that it creates competition and responsibility with the provider and the consumer. Open it up. I'm not an expert but we have to get to the point where we shop medical care at least as well as we do a new car. Keep some elements of Obamacare in place, pre-existing conditions is one. Eliminate others.. No reason a healthy 26 year old man or woman needs to be on mommy and daddy's insurance. That's crap, get a job and get you're own insurance. Create a catastrophic coverage safety net for the suddenly seriously ill so caps don't limit out and crush the savings of hard working people. If your kid gets sick and needs $2M worth or medical care you shouldn't go bankrupt trying to keep him alive because you get capped out. That's a moral imperative and we should all rally around that.

There's more but this is a good start and this is what I would expect Romney/Ryan to do based on their speeches and background.
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