We know how the economy works: Securing America’s middle class is the path to strengthening U.S. economic growth now and for the long term. If we are going to have a vibrant economy producing well-paying jobs, we need that economy to be fueled by a strong and growing middle class that can supply the human capital, entrepreneurship, and stable demand to drive our economy.
Some of the policies discussed today can have an immediate effect in driving job creation, such as investing in infrastructure and expanding apprenticeships. Others, such as investing in our next generation of workers who are just starting their educational journeys and funding research and development, will take decades to bear fruit. But the sooner we acknowledge that smart government policies that support a strong and growing middle class are key to our economic success, the sooner we will see more Americans in well-paying, middle-class jobs.
She does not mention the burden of taxes or the over regulation of business by government agencies. If we are really going to have a vibrant economy with a prosperous middle class, what history has proven is the lower the taxes and the less government involvement the better. It is not government that creates good jobs. The more money and direct involvement the government has the less true potential growth in the economy. Franklin Roosevelt, now Obama and other Marxist/Progressives have proven this time after time. Yet they do not learn.
What would have been proper for Ms. Erickson to say is we are going to simplify the tax code for business and the individual. We will lower the top tax rates to be lower than the rest of the world. We will also abolish the EPA and HHR and get rid of Obamacare immediately. We will cut all government spending and eliminate deficits and start to reduce the debt. We will start this today and not in ten years. Within weeks we would start to see the beginning of an economic rebound that would equal or exceed the best of recoveries. The Marxist/Progressives have always believed in egalitarianism and conformity and consequently will always curtail any growth thinking the bureaucrat knows better how to create jobs than does the real job creator, the entrepreneur.