"If President Obama is really serious about restoring American economic dynamism, he needs an aggressive two-pronged approach: More economic freedom combined with more social structure; more competition combined with more support.
As a survey of nearly 10,000 Harvard Business School grads by Michael Porter and Jan Rivkin makes clear, to get companies to locate their plants in the U.S., Obama is going to have to simplify the tax code, cut corporate rates, streamline regulations, make immigration policy more flexible and balance the budget over the long term.
To ensure there’s skilled labor for those plants, Obama would have to champion different policies: successful training programs like Job Corps, better coordination between colleges and employers, better treatment for superstar teachers, more child care options and better early childhood education."
Who could possibly oppose such a plan, which reduces corporate taxes, improves child care and educational opportunities through the initiation of new federally assisted programs, and also balances the budget? However, it would take a magician to implement such a lofty agenda, which, over the short-term, would cut federal income and increase federal expenditures.
Obama is going to initiate all this during his fourth year in office, when chaos reigns in the West Wing following the departure of Bill Daley as his chief of staff, and at a time when Obama is shifting into campaign mode? Sorry, but Brooks's agenda would require the skills of a Hogwarts educated wizard, when there is no one among us Muggles who meets the job requirements.
No comments:
Post a Comment