With “the Dow Jones Industrial Average down more than 500 points, as investors appeared to lose faith in the ability of the world’s policy makers to revive the global economy” and a “growing realization among even the most optimistic investors that the United States is entering a new recession — a dreaded ‘double-dip’“, Republicans need to put forward a plan to jumpstart the economy.
We know that increased government spending won’t do the trick. We have to find ways to stimulate the dynamic and job-creating sector of the economy. Perhaps the biggest problem is what the blogress formerly known as Little Miss Attila dubs the “pervasive climate of regulatory uncertainty” which . . .
. . . has led to the phenomenon of businesses “not knowing which way to turn.” When businesses don’t know what to invest in, they keep their money to themselves. [The president] should have signalled that he’d try to be fair to entrepreneurs and corporations.
Via Instapundit. Over at the U.S. Chamber of Commerce’s blog, Tom Donohue offers “five steps officials in Washington should take immediately to spur faster hiring in America’s private sector” which instead of ratcheting up federal spending will thin “the ranks of those who are dependent on government support”:
- Ratify Pending Free Trade Agreements With Colombia, Korea, and Panama.
- Unlock Our Domestic Energy Resources.
- Green-Light Transportation and Energy Infrastructure Projects.
- Speed Up Permitting and Provide Immediate Regulatory Certainty.
- Put the Welcome Mat Back Out for Tourists and Travelers.
Of those five points, I think we need focus on 1, 2 and 4, but alas that the incumbent administration does not seem much interested in such free-market policies.
With the debt debate behind us, House Republicans must at minimum debate bills which would unshackle the engines of economic growth, removing burdens from entrepreneurs, those job creators and innovators who are the life-blood of any economy.
Conservatives have to do more than just criticize Obama’s big-government policies. We have to offer free market alternatives. With these five steps, the Chamber of Commerce has done just that. It’s time for House Republicans to follow suit.