By: Herman Cain
September 19, 2011
We have an economic crisis followed closely by crises in energy, immigration, foreign policy, national security and the most severe crisis – a deficiency of leadership.
The president’s recent jobs speech was just that, a speech. It was not a plan to stimulate jobs and economic growth, because it did not contain meaningful fuel for the economic engine of our economy, which is the business sector. His speech contained a lot more government spending and a few tax trinkets to businesses.
Stimulus I of nearly $1 trillion did not work. It is totally illogical to expect another package of nearly $450 billion to work. More spending is not the problem. Lack of economic growth is the problem. The economic outlook is dim.
This is why I have proposed my bold 9-9-9 economic growth and jobs plan discussed in previous commentaries, and on my website www.hermancain.com. It significantly reduces taxes on businesses and workers because of an expanded revenue base of corporate, individual and retail sales. It also eliminates the payroll, capital gains and death taxes, and reduces the tax on repatriated profits from a top rate of 35 percent to 9 percent.
The companion problem that’s holding economic growth back is uncertainty. Since the Congress and the president were only able to extend the 2009 tax rates for two years, it left businesses asking, “Then what?” They did not get an answer out of Washington, and now the president is hinting at substantial tax increases to pay for his nearly $450 billion spending speech.
We are nearly 70 percent dependent on foreign oil. Since the Congressional Research Service has documented repeatedly that we have enough natural resources in oil, coal, natural gas and shale oil to become energy independent, it would seem logical to remove barriers that are in the way. In this case, it’s government regulatory agencies such as the EPA, which has gone wild. Just ask any oil and gas businessman or farmer and they will give you an earful.
Illegal immigration is a four-part problem. We must secure the borders for real and stop claiming that the southern border is safe as the administration has said. Ask any of the sheriffs that work along the border, and again they will give you an accurate assessment. Secondly, we must promote the current path to citizenship and clean up the bureaucracy that discourages immigrants from coming through the front door. Thirdly, enforce the immigration laws but make it easier for businesses to obey the law with e-verify and other technologies. Fourthly, empower the states to enforce the federal immigration laws. The federal government has failed repeatedly at enforcing our immigration laws.
My approach to foreign policy is an extension of the Reagan philosophy, “Peace through strength.” In a world that is not safer by any measure, my philosophy is “peace through strength and clarity”. We must clearly identify our friends in the world, and clearly identify our enemies, and stop giving money to our enemies. Our enemies must clearly understand that we will stand with our friends, such as Israel.
This administration has weakened our national security by placing a priority on Defense cuts instead of a priority on enhancing our defense capabilities with advances in technology. The most memorable example was cancellation of the Ballistic Missile Defense system being built in Turkey. That decision made us and our friends more vulnerable in that part of the world.
Where there is no vision, there is no leadership and problems don’t get solved.
And the nation suffers.
Replacing President Obama in 2012 is definitely the right problem to work on.
