Monday, February 27, 2012

Santorum's economic plan

Although I realize that once a man gets into office, all the campaign glorious speeches go into the file, the promises made aren't kept, and the cronies and donors fill the czar and cabinet vacancies, let's look at what he says, and then take that apart instead of what the media filters say he said with snippets out of context:

Santorum's Economic Freedom Agenda
Wall Street Journal, Feb. 27, 2012

If he could even do these 3 things, it would be a start at saving America. But only baby steps. My generation is tired. The boomers have come to expect the good life. The gen-xers want more money to go to rock concerts performed by has-beens. Next-gen and Gen-Y are stumbling around paying off college loans.

1) "Unleash America's energy. I'll approve the Keystone Pipeline for jobs and energy security, and sign an order on day one unleashing America's domestic energy production, allowing states to choose where they want to explore for oil and natural gas and to set their own regulations for hydrofracking.

2) "Restore America's competitiveness. The corporate tax rate should be halved, to a flat rate of 7.5%. Corporations should be allowed to expense all business equipment and investment. Taxes on corporate earnings repatriated from overseas should be eliminated to bring home manufacturing. I'll take the lead on tort reform to lower costs to consumers."

3) "Repeal and replace ObamaCare. I'll submit legislation to repeal ObamaCare, and on day one issue an executive order ending related regulatory obligations on the states. I'll work with Congress to replace ObamaCare with competitive insurance choices to improve quality and limit the costs of health care, while protecting those with uninsurable health conditions."
The "rein in spending" promise--well, that's the one they all fail at. Too many people work for the government, plus millions in non-profits, churches and universities slurping at the grant trough. Their lobbyists would squeal like stuck pigs if their sector were cut. I just don't know if there is a way to reverse this form of indentured servitude. Most of the stuff I read is the medical and building sectors--and they are completely chained and stuck on the plantation. "Revive housing?" How does he think we got into this mess if not 40 years of government dabbling in and manipulating housing? On that one it's back to the drawing board!

Anyone else think it's possible?

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