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GOP plan would create 1.2 million new jobs by expanding energy production

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From the Pittsburgh Post-Gazette. (H/T Reuben, indirectly)

Excerpt:

Americans are angry and with good reason. They are hurting from unemployment, uncertainty in stock market investments and declining retirement funds. And they are weary of waiting for a real workable plan to get us out of this rut.

This is not a time to try the same failed policies of borrowing, debt and calls for tax increases. So we offer these ideas as President Barack Obama prepares to address Congress Thursday if he really wants to make some major bipartisan moves to get our country moving again.

[…]First, allow U.S. employers to repatriate $1 trillion sitting in overseas banks. The current tax rate of 35 percent is a huge barrier blocking those dollars from being invested in jobs, boosting the stock market and raising the value of retirement funds.

Some companies use armies of attorneys and accountants to find ways to cut those taxes, followed by the Internal Revenue Service tracking them down. Stop the nonsense. Offer a lower tax rate, perhaps 15 percent, for a limited time (maybe even a lower rate if the money is invested in job creation or in purchasing U.S. goods).

[…]Second, freeze the massive number of proposed regulations until Congress can review and approve them. Regulations cost U.S. employers more than $1.75 trillion per year. Federal agencies are moving forward with more than 4,257 new regulations that will add tens of billions in regulatory costs — more than tripling the burden of agency mandates from 2009.Employers are worried how this tsunami of new regulations will overwhelm their businesses so they are holding back on growth and hiring. Unless a regulation is absolutely necessary to protect the public’s health and safety, it should be stopped now. Enactment of House Resolution 10, the REINS Act, would require congressional review and approval for any mandate costing the economy more than $100 million annually.

Third, pass our bipartisan Infrastructure Jobs and Energy Independence Act (H.R. 1861), to expand safe offshore oil and gas exploration, create 1.2 million new jobs annually and launch $8 trillion in economic output. Our bipartisan bill dedicates a portion of up to $3.7 trillion in federal oil and gas revenues from the new exploration for investments in new energy technologies, power generation and grid modernization to help put us on a path to energy independence.

[…]Finally, to preserve a free global market for trade, we must hold foreign nations accountable to abide by international agreements. This year, America will lose its position as the global manufacturing leader to China, in large part because Beijing illegally gives its exports a 20 percent to 40 percent discount by manipulating and devaluing its currency.

Another good idea would be to sign the free trade deals with Panama, South Korea and Colombia. Heritage explains what would happen if we did.

Excerpt:

The Obama Administration—after allowing U.S. free trade agreements (FTAs) with South Korea, Colombia, and Panama to languish unapproved for nearly four years—lately appears eager to push Congress to ratify all three soon. The problem now is that some in Congress are trying to make their approval contingent upon an extension of the Trade Adjustment Act (TAA).

That would be a mistake. The three FTAs are intrinsically worth passing without any strings. Congress should act on them without further delay.

The Korea-U.S. Free Trade Agreement (KORUS) would be America’s largest free trade agreement in Asia. It would increase U.S. exports by an estimated $10 billion annually, increase U.S. gross domestic product (GDP) by $11 billion, and add 70,000 U.S. jobs—all without a dime in federal government spending.[1] The accord would also serve as a powerful statement of the U.S. commitment to East Asia at a time when many perceive declining American interest, presence, and influence in the region. The FTA would strengthen U.S. commercial ties and expand the bilateral relationship with South Korea beyond traditional military ties or the North Korean threat.

[…]Rejecting KORUS would disadvantage U.S. companies by locking in discriminatory trade barriers. During the four years the agreement was held hostage by special interest groups and congressional protectionists, the U.S. lost $40 billion in potential exports. American companies continued to lose market share to foreign competitors. The U.S. used to be South Korea’s largest trade partner, but in less than a decade it has been displaced by China, the European Union, and Japan. As Korea’s market opens further, it will be foreign competitors and not U.S. companies that will benefit.

[…]Until this year, the Obama Administration and congressional leadership took its orders on the U.S.–Colombia FTA from protectionist U.S. labor unions and U.S. anti-globalization groups, joined by far-left allies in the region, who succeeded in delaying congressional approval of the FTA. The cost of delay has been significant. So far, according to the Latin America Trade Coalition’s “Colombia Tariff Ticker,”[2] U.S. companies have paid $3.5 billion (as of this writing) in unnecessary duties to the Colombian treasury in the more than 1,600 days since the FTA was signed.

That $3.5 billion has translated into higher prices in Colombia for U.S. goods and services, which are now at a competitive disadvantage in the Colombian market. It has also meant reduced profits for U.S. companies and lost jobs at home.

There are plenty of good ideas from people who live in the real world where real economic laws apply. Keynesianism has been tried since Pelosi and Reid were elected in 2007. It has failed. We need to move on to what works.

News

Marco Rubio’s finest speech yet… at the Reagan Forum

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Greatness. He is everything that America has always been. (45 minutes)

Excerpt from the transcript: (scroll down)

And so, if defining the proper role of government was one of the central issues of the Reagan era, it remains that now. The truth is that people are going around saying that, well, we’re worried about – let me just add something to this because I think this is an important forum for candor.

I know that it is popular in my party to blame the president, the current president. But the truth is the only thing this president has done is accelerate policies that were already in place and were doomed to fail. All he is doing through his policies is making the day of reckoning come faster, but it was coming nonetheless.

What we have now is not sustainable. The role of government and the role that government plays now in America cannot be sustained the way it is. Now some are worried about how it has to change, we have to change it. The good news is it is going to change. It has to change. That’s not the issue.

The issue is not whether the role that government now plays in America will change. The question is how will it change. Will it change because we make the changes necessary? Or, will it change because our creditors force us to make these changes?

And over the next few moments I hope to advocate to you –- I don’t think that I have to given the make up of the crowd –- but I hope to advocate to you that, in fact, what we have before us is a golden opportunity afforded to few Americans.

We have the opportunity –- within our lifetime –- to actually craft a proper role for government in our nation that will allow us to come closer than any Americans have ever come to our collective vision of a nation where both prosperity and compassion exist side-by-side.

To do that, we must begin by embracing certain principles that are absolutely true. Number one: the free enterprise system does not create poverty. The free enterprise system does not leave people behind.

People are poor and people are left behind because they do not have access to the free enterprise system because something in their lives or in their community has denied them access to the free enterprise system. All over the world this truism is expressing itself every single day. Every nation on the Earth that embraces market economics and the free enterprise system is pulling millions of its people out of poverty. The free enterprise system creates prosperity, not denies it.

The second truism that we must understand is that poverty does not create our social problems, our social problems create our poverty. Let me give you an example. All across this country, at this very moment, there are children who are born into and are living with five strikes against them, already, through no fault of their own.

They’re born into substandard housing in dangerous neighborhoods, to broken families, being raised by their grandmothers because they never knew their father and their mom is either working two jobs to make ends meet or just not home. These kids are going to struggle to succeed unless something dramatic happens in their life.

These truisms are important because they lead the public policies that define the proper role of government. On the prosperity side, the number one objective of our economic policy, in fact the singular objective of our economic policy from a government perspective is simple — it’s growth. It’s not distribution of wealth; it’s not picking winners and losers.

The goal of our public policy should be growth. Growth in our economy, the creation of jobs and of opportunity, of equality of opportunity through our governmental policies.

And the most gripping part of the speech:

To me, this is extremely special, and I’ll tell you why. During the ’80s, politically especially, there were two people that deeply influenced me. One clearly was Ronald Reagan, the other was my grandfather, who lived with us most of the time in our home.

We lived part of our life, especially the key years, ’80-’84, in Las Vegas, Nev. And my grandfather loved to sit on the porch of our home and smoke cigars. He was Cuban. Three cigars a day, he lived to be 84. This is not an advertisement for cigar smoking, I’m just saying to you that …

He loved to talk about politics. My grandfather was born in 1899. He was born to an agricultural family in Cuba. He was stricken with polio when he was a very young man, he couldn’t work the fields, so they sent him to school. He was the only member of his family that could read. And because he could read, he got a job at the local cigar rolling factory.

They didn’t have radio or television, so they would hire someone to sit at the front of the cigar factory and read to the workers while they worked. So, the first thing he would read every day, of course, was the daily newspaper. Then he would read some novel to entertain them.

And then, when he was done reading things he actually went out and rolled the cigars because he needed the extra money. But through all of those years of reading, he became extremely knowledgeable about history, not to mention all the classics.

He loved to talk about history. My grandfather loved being Cuban. He loved being from Cuba. He never would have left Cuba if he didn’t have to. But he knew America was special. He knew that without America, Cuba would still be a Spanish colony. He knew that without America, the Nazis and Imperial Japan would have won World War II. When he was born in 1899 there weren’t even airplanes. By the time I was born, an American had walked on the surface of the moon.

And he knew something else. He knew that he had lost his country. And that the only thing from preventing other people in the world from losing theirs to communism was this country – this nation.

It is easy for us who are born here –- like me –- and so many of you, to take for granted how special and unique this place is. But when you come from somewhere else, when what you always knew and loved, you lost, you don’t have that luxury.

My grandfather didn’t know America was exceptional because he read about it in a book. He knew about it because he lived it and saw it with his eyes. That powerful lesson is the story of Ronald Reagan’s presidency. It’s our legacy as a people. And it’s who we have a chance to be again. And I think that’s important for all of us because being an American is not just a blessing, it’s a responsibility.

As we were commanded to do long ago, “Let your light shine before men” …

[PAUSE – he is overcome by emotion]

…“that they may see your good works and glorify your Father in heaven.”

Well, as we gather here today in this place, that pays homage and tribute to the greatest American of the twentieth century, we are reminded that for him and for our nation, being a light to the world, that’s not just our common history, it remains our common destiny.

I cried at the part in bold above.

Here’s the verse he cited – Matthew 5:16 – in context: [NASB]

13 “You are the salt of the earth; but if the salt has become tasteless, how can it be made salty again? It is no longer good for anything, except to be thrown out and trampled under foot by men.

14 “You are the light of the world. A city set on a hill cannot be hidden;

15 nor does anyone light a lamp and put it under a basket, but on the lampstand, and it gives light to all who are in the house.

16 Let your light shine before men in such a way that they may see your good works, and glorify your Father who is in heaven.

I notice that he cites the NASB, which is my favorite translation – the translation closest to the original Greek.

On my Facebook page, I have Matthew 5:13, which is the verse that comforts me when things look bad in my life – when my plans haven’t worked out the way I hoped they would. Things look bad for us right now as a nation. Maybe we need to reconsider these words.

This speech is being well-received everywhere. Permit me just one reaction from the UK Telegraph, which is still punch-drunk from socialism-induced rioting caused by the anti-marriage, anti-family, anti-father policies of the secular left Labour Party.

Excerpt:

Two of the brightest rising young stars in American conservatism today are Paul Ryan and Marco Rubio. Neither are running for president in 2012, but both will be strong contenders for the vice presidential running mate slot, whoever wins the Republican nomination. And I wouldn’t be surprised to see Ryan or Rubio eventually sitting in the Oval Office itself at some stage in the future. After all, Congressman Ryan of Wisconsin is only 41, and Senator Rubio of Florida is just 40; they have decades of public life ahead of them. They are both deeply principled politicians in the Reagan mould who grew up during the late Cold War years, and share a profound belief in American exceptionalism and the need for the United States to maintain its position as the world’s leading power.

A few weeks ago, I wrote about Congressman’s Ryan’s superb speech on foreign policy to the Alexander Hamilton Society in Washington, remarks which outlined in stark terms the challenges the United States faces if it is to avoid decline. Ryan’s address, which I attended, was probably one of the most important statements by a US politician on American leadership this year.

Senator Rubio’s speech yesterday at the Reagan Presidential Library in the presence of Nancy Reagan, was another key address by a Member of Congress that deserves to be widely read, both at home and abroad. Like Ryan, Rubio offers a powerful rejection of the Big Government approach that has crippled America’s economy, and outlines a firm defence of the free market, championed by Ronald Reagan.

There is something very different and special about America. And Marco Rubio reminds us all what it is in this speech. A speech heard ’round the world! A reminder of our principles – of our role – and of our responsibility to the world.

On a side note, Marco Rubio also rescued Nancy Reagan from a fall by alertly grabbing her arm when she slipped.

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What could Stephen Harper teach Michele Bachmann about winning elections?

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Michele Bachmann should adopt Stephen Harper's plan
Michele Bachmann should adopt Stephen Harper's plan

Michele Bachmann is soliciting questions for her townhall meeting on her Facebook page. Please “like” her page and then like my question, so that it will be asked.

The post that she is asking for questions in has this text:

Excited to join Tim Scott for Congress for a town hall live on Facebook from Charleston, SC tomorrow at 7PM ET, where we’ll be taking questions from our community of constitutional conservatives. Have a question? Please ask in the comments below:

My question is reproduced below:

Mrs. Bachmann, in the 2011 Canadian federal election, Stephen Harper, a conservative, managed to win a majority in a country that is only one-third conservative. He did this by creating N-point plans that clearly laid out his plans for each term.

The reason I think this is important is because he was able to neutralize the attacks of the media and the three left-leaning political parties because they were not able to accuse him of having a “hidden agenda”. My question for you is, have you considered laying out a clean, specific N-point plan for what you would do as President of the United States? You could even have 3 plans, one for social issues, one for fiscal issues, and one for foreign policy.

If you like my question, please like the “TeamBachmann” Facebook page, and then go to her post asking for questions, and like my question.

Here are the Harper plans:

2006: (won minority)

  • Cleaning up government by passing the Federal Accountability Act
  • Cutting the GST (the national sales tax)
  • Cracking down on crime
  • Increasing financial assistance for parents
  • Working with the provinces to establish a wait-times guarantee for patients

2008: (won minority)

  • The minister of finance and the Bank of Canada will constantly monitor financial markets and the impact of developments in other countries.
  • The global financial crisis will be discussed at the Canada-European Union Summit, which Harper will attend on Friday.
  • Parliament will be summoned to meet this fall and the minister of finance will table an economic and fiscal update before the end of November.
  • Canada will be represented at the meeting of G-20 finance ministers scheduled for early November in Brazil. Canada has also called for a second meeting of G-7 finance ministers.
  • Government spending will be focused and kept under control as the strategic review of departmental spending — now in the second year of a four year review – continues.
  • Harper will hold a first ministers meeting on the economy to discuss with premiers and territorial leaders a joint approach to the global financial crisis.

2011: (won majority)

  • Creating jobs through training, trade and low taxes.
  • Supporting families through our Family Tax Cut and more support for seniors and caregivers.
  • Eliminating the deficit by 2014-2015 by controlling spending and cutting waste.
  • Making our streets safe through new laws to protect children and the elderly.
  • Standing on guard for Canada by investing in the development of Canada’s North, cracking down on human smuggling and strengthening the Canadian Armed Forces.

Actually, Canadian conservatives are much more liberal than we Republicans are – they are soft on social issues. Harper himself is an evangelical Christian, though, but his hands are tied when it comes to social issues. He tries to support stronger families as a way to reduce abortion and to ensure that children grow up with mothers and fathers. Even Stephen Harper is not able to do anything about same-sex marriage and abortion, which are both legal in Canada.

I think Michele would do well to pretend that she was running for office in Canada, and then create her plans that way. All the conservatives already know that she is a solid evangelical and a Tea party stalwart. What she needs to do is come up with a list of specific smart policies that will win over two-thirds of the independents.

Some things I would like to see: transparency in government, sensible spending cuts, tort reform, cut employer payroll tax to 0%, cut federal funding for abortion/Planned Parenthood, increased tax credits for MARRIED couples, matching grants for states that create voucher programs, etc, a federal right-to-work law, a tax credit, usable at any time in the future, for all salary income earned by young people under the age of 22. Etc.