Mitt Romney’s Approach Would Differ Greatly From Obama’s Failed Vision

by alexvanbuskirk

Mitt Romney’s Approach Would Differ Greatly From Obama’s Failed Vision

By Andrew Puzder @ Human Events (July 27, 2012)

Not since the 1980 contest between Ronald Reagan and Jimmy Carter has an election presented us with so clear a choice on our nation’s economic future. How do we best return our economy to growth and prosperity? Shall we pursue the American economic model that created the most prosperous nation in history or the European socialist model that produced Europe’s current economic crisis?

Only the private sector can create sustained job growth. All public sector jobs rely on the creation of private sector wealth to support them. Economies create jobs when business owners are willing to risk their capital in a new business or grow an existing business. Business owners invest when they believe they will make a profit sufficient to justify risking their capital, time and energy. To determine whether to take the risk, business leaders create models that forecast what revenues the business will generate and the expenses it will incur to generate that revenue.

The object is obviously to have revenues exceed expenses, resulting in profits.  If these profits provide a sufficient return on investment, people will readily invest. This investment is what creates employment. The greater the certainty with respect to revenues and expenses, the greater the investor’s confidence when deciding whether to invest. In this respect, government policy can significantly encourage or hinder investment by job creators. Four economic policies essential to any business decision, and on which President Obama and Gov. Romney differ materially, are taxes, healthcare, energy and labor. The question is which candidate’s policies advance the interests of job creation and economic growth?

Tax policy and small business…

Healthcare policy…

Energy policy…

Labor unions…

Obama’s big policy contradiction…

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