Here's a GOP Economic Stimulus Plan

James G. Wiles

The GOP presidential candidates have been missing a great "teaching moment" at these televised debates. They did it again this week at the Bloomberg-hosted debate up at Dartmouth College.

What's your specific plan to get us out of this Great Recession, Charlie Rose asked each candidate.

Well, Herman Cain's got "9-9-9." Mitt Romney and John Huntsman are the wonkier-than-thou candidates. They've each had detailed, thoughtful economic plans out there on their web sites for months. They'll talk about 'em too - until, as they say in Texas, the last dog has been hung.

And, speaking of Texas, there also was Texas Governor Rick Perry. Perry's got a detailed economic plan out too - and another one on health care. He proved unable to talk about either of them Tuesday night but, by golly, they're there.

Go and read them.

Or maybe you shouldn't.

That's my point. We don't need no stinkin' economic stimulus plan. We don't need to "do." We need to "un-do."

Next debate, GOP hopefuls, seize the moment. Reject the premise of the question. Show you're the candidate who can think outside the box. Change the narrative, re-direct the conversation, shift the paradigm.

I suggest you say this:

Folks, all the economic stimulus the U.S. economy needs to return us quickly to prosperity and a 3 % annual rate of growth with 4.5 % unemployment is currently residing, locked and loaded, in the cash and short-term investments of American business. It's there, not being used, because of this President and this Democratic Congress. Change that, and American business will get its wallet out.

As of June 30, 2011, Bloomberg  reported this week, the S & P 500 were holding $ 2.77 trillion in cash and marketable securities. That's up 62% in the last three years. Two trillion, 700 billion dollars in a $ 14 trillion economy.

Get the private sector to invest that money in 2013 and the Great Recession will be over.

There's your economic stimulus plan, Gentlemen and Lady: GOP victory. Repeal all legislation and regulations enacted by President Obama and the Democratic Congress since January 20, 2009.

Then, stand well back.

Won't cost the American taxpayer one more dime or require the hiring of one more government bureaucrat either.

You might want to mention that too.

 

The GOP presidential candidates have been missing a great "teaching moment" at these televised debates. They did it again this week at the Bloomberg-hosted debate up at Dartmouth College.

What's your specific plan to get us out of this Great Recession, Charlie Rose asked each candidate.

Well, Herman Cain's got "9-9-9." Mitt Romney and John Huntsman are the wonkier-than-thou candidates. They've each had detailed, thoughtful economic plans out there on their web sites for months. They'll talk about 'em too - until, as they say in Texas, the last dog has been hung.

And, speaking of Texas, there also was Texas Governor Rick Perry. Perry's got a detailed economic plan out too - and another one on health care. He proved unable to talk about either of them Tuesday night but, by golly, they're there.

Go and read them.

Or maybe you shouldn't.

That's my point. We don't need no stinkin' economic stimulus plan. We don't need to "do." We need to "un-do."

Next debate, GOP hopefuls, seize the moment. Reject the premise of the question. Show you're the candidate who can think outside the box. Change the narrative, re-direct the conversation, shift the paradigm.

I suggest you say this:

Folks, all the economic stimulus the U.S. economy needs to return us quickly to prosperity and a 3 % annual rate of growth with 4.5 % unemployment is currently residing, locked and loaded, in the cash and short-term investments of American business. It's there, not being used, because of this President and this Democratic Congress. Change that, and American business will get its wallet out.

As of June 30, 2011, Bloomberg  reported this week, the S & P 500 were holding $ 2.77 trillion in cash and marketable securities. That's up 62% in the last three years. Two trillion, 700 billion dollars in a $ 14 trillion economy.

Get the private sector to invest that money in 2013 and the Great Recession will be over.

There's your economic stimulus plan, Gentlemen and Lady: GOP victory. Repeal all legislation and regulations enacted by President Obama and the Democratic Congress since January 20, 2009.

Then, stand well back.

Won't cost the American taxpayer one more dime or require the hiring of one more government bureaucrat either.

You might want to mention that too.