Thursday, October 25, 2012

"The New Economic Patriotism" Is Not a Jobs Plan

Fear not; Barack Obama has an economic plan for America, and it's all in a glossy brochure, called "The New Economic Patriotism: A Plan for Jobs & Middle-Class Security"—an antidote, we're told, to the vagueness of Mitt Romney's agenda.
This is what the president, according to a campaign official, believes will ensure that "every voter knows what a second term of an Obama presidency would mean for middle-class Americans." So, in other words, a shiny substance-free pamphlet is a metaphor for the Obama presidency—because these 11 pages of fluff make Romney's tax proposal look like an annotated edition of the Talmud.
Even if we accepted that this is a "jobs plan" at all—and one would have to stretch the imagination—there are perhaps two items even tangentially connected to the issue at hand.
Members of the middle class will be pleased to learn that their children's future will feature marginally smaller class sizes and work as a midlevel functionary in a green-energy factory. According to the president, the best way to grow the middle class outward (whatever that means) is to strive for more menial labor work in an unproductive manufacturing sector. Forward.

Read more: http://reason.com/archives/2012/10/25/the-new-economic-patriotism-is-not-a-job

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