Fixing the Economy Is Not Rocket Science

Karin McQuillan At the American Thinker has an excellent article on how Romney can fix the economy. I have  extracted some of the article below. 

Romney has prioritized five key areas to reverse Democrat policies. The number-one boost to economic growth is always energy. Energy runs everything, and the price of energy affects everything.

Obama, indeed any Democrat, cannot and will not allow America to become energy-wealthy, because Democrats’ green voting base fears fossil fuel. Obama is using the EPA to block fracking, to end the coal industry (which fuels half of our electricity), and to block off-shore drilling. Romney will allow America to use our wealth of natural resources. It can be done in the right places, with safe methods and proper regulation, but it must be done if we are to thrive.

We are talking about a lot of wealth. Thanks to fracking, America could be producing more oil and natural gas energy on a daily basis than current U.S. imports from Saudi Arabia, Iraq, Kuwait, Venezuela, Colombia, Algeria, Nigeria, and Russia combined. The United States’ combined recoverable natural gas, oil, and coal endowment is the largest on Earth.

The impact of cheap energy boosts jobs in expanding circles. Men with high school diplomas pull down $100,000 salaries in the oil and gas fields. Next circle out: cheap natural gas has revived our steel industry, making American steel production globally competitive again. Same for plastics and the chemical industry. Healthy industries mean healthy towns, money for taxes, a sustainable social safety net. A healthy country.

Excellent working-class jobs, cheap gas, lower consumer prices so the money in your paycheck goes much farther. Using our energy resources is a huge win for every family and entirely, easily doable.

Energy alone is a reason to vote Republican. Our economy will not survive if starved of affordable energy.

You can read the whole article HERE.  The author forecasts 4% growth.

Romney’s case is simple.  With these five priorities, he can enable the American economy to grow by 4% a year again: use our energy wealth, increase trade agreements and take on China, improve education and job training so people can succeed in life, decrease stifling regulations, and balance the budget and reform entitlements.

However, this is far short of the 5.3% of sustained growth needed by 2020 as outlined by George Rebane in his blog post on The Real Jobs Problem. It is going to take more than Rocket Science to solve the real jobs problem, and no one seem tobe ready to step up to the challenge.

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About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

2 Responses to Fixing the Economy Is Not Rocket Science

  1. Dena says:

    The part that is missing and I didn’t know till I saw it in another place is both Obama and Rommey are talking a 35% to 36% top tax bracket. This is to high and should be no higher than 25% and it would be better if the top bracket was 20%. In addition this limit must be set in law without an expiration date, unlike current laws that expire after a year or two. Yes, I know congress can change the tax rate at any time but they have a long hard battle getting everybody to agree to a tax increase.

  2. Sean says:

    I went to the American Thinker article and read the whole thing. I was disappointed that there was no mention of reining in healthcare cost, particularly since it represents $2.7 trillion in the economy and nearly a third of that money is considered to be spent unwisely. With each household spending nearly $20,000 annually on healthcare, returning $6K to each family budget would be great for many families but also look at what that would do to federal, state and local expenditures if less money had to be spent on an inefficient healthcare delivery system.

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