Obama's "New Economic Patriotism" Equals the Failed Keynesian Economic Thought

I want to give Governor Mitt Romney credit for forcing President Barack Obama to develop his own plan for a second term, instead of focusing only on attacking Governor Romney.  However, President Obama’s “New Economic Patriotism” looks very similar to the last four years.  The President’s plan involves more government spending, more taxes, and more green energy crony capitalism.

President Obama’s plan for jobs and the economy is focused on two primary policies: more government spending and temporary government tax favors (tax credits).  The President likes to say his Administration has “invested,” or wants to “invest.”  Well, government doesn’t “invest,” private enterprise invests.  Government spends taxpayer money on pet projects and increases our debt to unsustainable and unaffordable levels.

The President wants to increase our debt $2 billion for community colleges supposedly to train 2 million new workers.  He also wants to spend money on “manufacturing innovation institutes” as a way to increase American made manufacturing products.  Free business from government shackles and they will have more of their own money to invest in the future of their own company, which will lead to the production of American-made products.  President Obama’s plan is focused primarily on creating manufacturing and green energy jobs.  Look for the President to increase spending on green energy companies like Solyndra and A123, and then watch those types of companies fail.  America cannot afford this unsustainable level of government spending and regulations, or we will see America become the next Greece.

Tax credits and spending taxpayer money on infrastructure, education, research, and technology make up President Obama’s tax and budget plan.  There is a huge difference in the way that Conservatives and Progressives view taxes.  Conservatives view taxes as your money.  Progressives view taxes as the government’s money; therefore, government has a right to tax it and take it from you.

Progressives view real tax cuts as liabilities, which is why they think tax cuts are the policy that increased the deficit in the first place.  Conservatives believe tax cuts lets you keep your money, which explains why we believe tax cuts are not a liability and that it is excessive government spending that increases the debt and deficit.  Tax cuts and tax reform is a real economic stimulus plan because it generates real economic and job growth in the private sector.

President Obama says he is for an “all of the above” energy policy.  However, the last four years shows he is focusing entirely on spending money on green energy infrastructure, and giving tax favors to failed green energy companies.  Using the Environmental Protection Agency to regulate and strangle the American economy to force us to use green energy is most important aspect of Obama’s green energy strategy.  In the President’s new plan, he gives lip service to all sources of American energy, but the specifics show that he is committed to green energy government spending and regulations.

President Obama keeps saying that he ended the war in Iraq responsibly, but the war really ended by the end of the George W. Bush Administration.  Mr. Obama was just the President who was able to bring our troops home.  However, I wouldn’t say it was a responsible end to the war in Iraq considering that the Obama Administration failed to complete a status of forces agreement with Iraq, and Al-Qaeda seems to be coming back.  The Obama Administration, in its first term, has also put an end to our missile defense systems in the former Soviet states, but you wouldn’t know that fact by reading Obama’s “new economic patriotism.”

Governor Romney’s plan on the other hand will expand North American energy by opening up North American energy markets to all sources of energy, rather than stifle American energy with crippling regulations.  He will also expand free trade around the world for American goods and services to compete and win in the global marketplace.  The Romney-Ryan vision will also cut the deficit and reduce the size and scope of government, not by raising taxes, but by reducing government spending.

Governor Romney understands that tax dollars are your dollars, and he has a plan that will broaden the tax base while letting you keep more of your hard-earned money.  Governor Romney also understands that small business generates job creation in America.  Therefore, his plan will roll back the excessive and burdensome regulations that President Obama has implemented that are stifling job creation in this country.  Governor Romney will cut waste in our defense and military, while strengthening our military and our national defense systems.

America needs leaders who understand that economic freedom is the real stimulus that America needs to get our economy working again.  Governor Romney and Congressman Ryan are those leaders who understand that Keynesian economics has failed to “prime the pump” and jump-start the American economy regardless of how much money government spends and prints.  They are also the leaders that understand that a free and strong economy puts America in a position of strength to promote the principles of peace and freedom around the world.  Come this November 6, let us go to the polls and vote for real change because we cannot afford four more years of Barack Obama and Joe Biden.