Today’s Guest Saturday post comes to us from Pat Slattery of The Free Market Project blog. It was originally published by Pat on October 11, 2012.
Is the middle class helped when government is thriving, or when businesses are thriving?
I was disappointed in tonight’s debate. I thought Ryan would wipe the floor with Biden, and he clearly didn’t. Why? Most of the time to hear Ryan’s point, you had to listen over a Biden interruption or a Radditz interruption. How many times did they talk over his last line, which is the summation line, making the point. I thought Ryan was too deferential. He should have called Biden out on his behavior. I understand why he didn’t. As the younger man, I’m sure he didn’t want to seem petulant. But Biden was out of control. My problem is that Ryan had better points, but the aggressiveness and weird smiling and laughing made it tough to get to Ryan’s substance. Like I said, you rarely heard the summation of his point because someone was always talking over him.
All that said… Romney and Ryan have to hammer the following point home: Obama and Biden do not understand economics or business. Period. They are incompetent to hold their positions based on the fact that they have no idea how to accomplish the most necessary thing right now, which is growing the economy. I’m firmly convinced that they just do not know how.
Here’s my evidence. Tonight, and throughout this election, both candidates have talked about helping the middle class. Obama/Biden’s only apparent method for doing so is taxing the upper class. They want to “build from the middle.” Biden said it in his closing remarks: “We believe you build from the middle out, not the top down.”
HOW? How do you build from the middle? Middle class people don’t employ themselves, for the most part, and those that do have the same problems with taxes and regulations as bigger companies. How do you build the middle class without helping businesses? How do you help businesses? Less regulation that is more straightforward and less costly. Lower taxes and a simplified tax code. Taking away onerous burdens like Obamacare, that not only cost employers money, but are so complex that they create uncertainty in the market (what is this employee going to cost me?).
Romney and Ryan talk about helping the middle class in the only way it can be helped. Helping businesses (as outlined above) so that they can hire more people. As the market for workers gets tighter, pay goes up. It’s a simple supply and demand thing that Obama/Biden just don’t seem to understand.
How else do you help middle class people? Lower the price of energy. High energy costs in this country right now are a “Democrats Pandering to Environmentalists” tax. Personally, I’m sick of paying it. My life has actually been altered by having to pay so much for gas, and having prices go up in grocery stores in large part because of the cost of energy. Also, jobs in the energy sector are high paying jobs that would help a lot of middle class people.
What else? How about reducing the spending that is hanging over all of us, causing fear and doubt in the economy, and saddling us, ultimately with tens of thousands of dollars worth of debt per person. If we don’t grow our way out of this mess, or at least make a dent in it through growth, someone is going to try and collect that debt, and there aren’t enough rich people to pay the bill. Who’s it going to fall to?
This “build from the middle” thing has got to be called out for the (to use Biden’s word) malarky that it is. Cutting middle income people’s taxes doesn’t improve their lot in life much. What raises people from poor to middle class, from middle class to upper middle class and rich is a thriving private sector. Large and intrusive government does not create a thriving private sector. Government picking winners and losers in the private sector does not create a thriving private sector, it mis-allocates resources. How does giving more power to Washington over our lives help anyone? When has it ever worked, anywhere in the world?
I would absolutely love, in the next debate, or even in a commercial, to hear Romney say, “Mr. President, I’ve watched you for four years, I’ve listened to you speak, and I can only come to the conclusion that you don’t know how the economy works, or how businesses work.” He could even add, “You don’t seem to even understand that the middle class is only helped when the private sector, when businesses, are thriving. You seem to think the middle class is helped when government is thriving.”