Barack Obama came out with his new idea to create jobs in America. Does he want to lower corporate taxes and reduce regulations so that companies can actually hire people? No. His idea is a simple one: more government. That’s right…. Obama’s latest idea is to create a completely new Department of Business within the federal government.
You heard it correctly. Rather than unleashing the power of the private sector, Obama wants even more government. How will we pay for this entirely new department? No one knows, but you can bet it’s with money we don’t have.
In an interview on MSNBC, Obama said he wants a “one-stop shop” for control of businesses.
“I’ve said that I want to consolidate a whole bunch of government agencies. We should have one secretary of Business, instead of nine different departments that are dealing with things like giving loans to SBA [the Small Business Administration] or helping companies with exports,” he said.
More rules, more regulation, more government. I certainly hope the American people can see what a failure this approach has been so far. Obama talks about ideas, but gives us more of the same: more government.
Thankfully, GOP presidential candidate Mitt Romney has keyed on Obama’s statement and has come back with a simple question: “Why not have a president who actually understands business?”
Check out the latest ad:
In a speech in Virginia, Romney hit Obama again:
“I know the president is trying to figure out some way to suggest he has new ideas,” said Romney, repeating as he often has on the trail that roughly 23 million Americans are out of work or underemployed. “He came up with the idea of creating a Department of Business. I don’t think adding a new chair in his cabinet will add more jobs on Main Street.”
What’s entertaining is that the Fox News report quote an Obama campaign spokesperson as saying, “President Obama is the only candidate in this race with a concrete plan to move our country forward.”
Forward to what? That’s the question! To the edge of a cliff? Maybe so, but certainly not forward to an environment where businesses feel confident in hiring and where the economy is actually growing.