Romney’s Jobs Plan

Mitt Romney unveiled his economic plan today.

It is unremarkable, to say the least.

He wants to lower corporate taxes and reduce regulations. This, he asserts will create jobs. Remember, corporations are now showing record profits. They’re sitting on $2 trillion of cash. Why it is Romney believes they need more money and lower costs in order to create jobs is one of the wonders of the universe.

Romney does nothing for average working people. He’d eliminate capital gains taxes for anyone earning under $200,000 — but these are not average working people.

But Romney is not out of his mind. What he offers has been standard Republican fare for decades. It’s not rabid right-wing populism, decrying immigrants (Bachmann) or the Fed and the federal income tax (Perry). It’s not libertarian craziness (Paul). It’s not logically incoherent (Palin).

In other words, Romney is way too reasonable for the current GOP.

About Robert Reich 545 Articles

Robert Reich is the nation's 22nd Secretary of Labor and a professor at the University of California at Berkeley.

He has served as labor secretary in the Clinton administration, as an assistant to the solicitor general in the Ford administration and as head of the Federal Trade Commission's policy planning staff during the Carter administration.

He has written eleven books, including The Work of Nations, which has been translated into 22 languages; the best-sellers The Future of Success and Locked in the Cabinet, and his most recent book, Supercapitalism. His articles have appeared in the New Yorker, Atlantic Monthly, New York Times, Washington Post, and Wall Street Journal. Mr. Reich is co-founding editor of The American Prospect magazine. His weekly commentaries on public radio’s "Marketplace" are heard by nearly five million people.

In 2003, Mr. Reich was awarded the prestigious Vaclev Havel Foundation Prize, by the former Czech president, for his pioneering work in economic and social thought. In 2005, his play, Public Exposure, broke box office records at its world premiere on Cape Cod.

Mr. Reich has been a member of the faculties of Harvard’s John F. Kennedy School of Government and of Brandeis University. He received his B.A. from Dartmouth College, his M.A. from Oxford University, where he was a Rhodes Scholar, and his J.D. from Yale Law School.

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1 Comment on Romney’s Jobs Plan

  1. Romney is simply the most moderate of the GOP candidates with a business background. It does not make him right that he ‘vibes’ with America.

    I still can’t understand how educated people can call libertarians crazy for their beliefs. After all, the epitome of the Keynesian system’s failures are on display right now. We’ve been in this mode so long that people still think libertarians are crazy. However if a libertarian was in office we would most likely not be in the same situation we are in now in which our gov’t is in debt over our own entitlements. We would not be devaluing our currency which absolutely kills job growth on our soil.

    What ideas do you have to create jobs?

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