In the recent Connecticut senate debate, Linda McMahon asked Richard Blumenthal how to create a job. This was of course a gotcha question and had the intended effect of demonstrating how out of touch Mr. Blumenthal and his ilk of insulated government cronies are with the real world. Mr. Blumenthal didn’t have a chance because governments don’t create jobs, but responsible governments do create the conditions that encourage job creation. Voters are consistently identifying the economy and chronic high unemployment as the number one issue of this election cycle, so you would figure they would realize that “It’s the economy, stupid!”
Republicans need to seize upon this point to ask how Democrats are going to improve the conditions for job creation. To answer this, Democrats will have to know how to create a job. The first step in creating a job is the risk of capital. The entrepreneur, be it individual innovator or multinational corporation, has to be willing to risk his own capital or someone else’s in the form of a loan. Those who hold capital are known as capitalists, and the only thing capitalists hate worse than confiscatory policies is uncertainty. They can employ innovative strategies to alleviate confiscatory policies (think Double Irish or Dutch Sandwich), but they can’t effectively plan for the unknown.
The progressive policies of the Obama administration have created unprecedented levels of uncertainty in the business world. Capitalists have responded by voting to withhold their capital and wait out the current administration’s health care takeover, Cap & Tax scheme, and onerous financial sector burdens. Obama has whipped up a lot of fear and class envy by demonizing big business and greedy capitalists, so capitalists decided to sit this one out and not create any new jobs by risking their capital. You constantly beat me over the head, so why should I try.
The big loser in all of this is the unemployed voter. He or she doesn’t care whether the Democrats feel their pain; they just want a job and are interested in the candidate most likely to achieve that goal. The progressives’ plan is to have government just hire everybody, but government is broke and can’t afford that. Conservatives rightly fear the slide to socialism and point to Europe’s movement away from socialism as proof that it will not work.
Getting back to job creation, what policies would alleviate uncertainty and revive America’s massive economic engine? First, the loony progressive policies (and hence, the loony progressives) have got to go. ObamaCare has been unmasked as a massive fraud and continues to get more unpopular as voters learn its details. Cap & Trade is a tax on air perpetrated by discredited global warming junk science that promises to eliminate our energy usage by making it completely unaffordable. Barney Frank’s ridiculous financial regulations are designed to mask the fact that his meddling in the housing market in the name of fairness and lax oversight of Fannie Mae and Freddie Mac created the housing bubble that is destroying wealth at an unprecedented rate.
Next, we need a president that extols capitalism and the benefits it creates in the form of jobs, prosperity, and security. Obama has completely alienated the business community by constantly beating them over the head with discredited wealth envy and class warfare themes. Voters are wise to this and not willing to tolerate it anymore. Capitalists aren’t “greedy,” and everyone wins when capitalism succeeds. Jobs are created, houses are bought, more jobs are created, houses are furnished, still more jobs, cars are bought, even more jobs … You get the picture.
Finally, and this is important, we need a president dedicated to preserving our security in the world. Jobs, cars, and houses mean nothing if we lose our freedom to another world power. This means that the bowing to foreign leaders, apologizing for sins real and imagined, and general appearance of weakness on a scale worse than Jimmy Carter (didn’t we learn anything?) have got to be banished forever. We learned this in grade school. No one likes a whiner, and weakness is not tolerated. Obama’s apology tour has backfired miserably. The rest of the world not only doesn’t like us; they no longer respect us. Obama has created the conditions for further attacks on America.
Congress controls the purse strings and shoulders responsibility for America’s outrageous debt. We don’t want to hear any more excuses. Cut the spending now! First, repeal ObamaCare and dare the Democrats running against it in this election to vote against repeal. Next, eliminate some wasteful cabinet departments by defunding them. Why do we need Housing and Urban Development when cities have mayors and councils? We have an unemployment problem so we don’t need a Labor department. The Energy department doesn’t produce any energy, so lose it. Get rid of something to show that you’re serious. Then reform the tax code by eliminating complexity and disparities. Then watch the economy take off.
Remember the lesson learned under Reagan and don’t delay the policy implementations. The faster they are implemented, the faster economic improvement will occur. Conservatives need to emphasize the point about job creation by asking, “How is anyone going to create a climate for job creation when they don’t even know how to create a job?” Voters are aware that the progressive policies of Obama, Pelosi, and Reid have failed miserably. They want to hear a positive plan that pulls our country away from the brink of catastrophe and sets us back on the path to prosperity.