Suggestions for the Romney economic plan

Dear Mitt:

For the past several weeks I have been making calls on your behalf.   I am making these calls in a swing state, and generally confident that the populace wants to replace an Obama administration with something else.

When I ask what folks would like to ask you, or tell you, invariably it is this:

He’s better than Obama.  At this point, I would vote for ABO — Anyone but Obama.   But Mitt has to have a clearly defined plan about the economy and how to fix it.  It should be one which I can easily understand,  for me to get completely behind him.

So, at the risk of seeming arrogant, I am going to suggest several points to what might be your economic plan.  You may have already proposed some of this and I may have missed it.  But, try these on for size:

1.  Energy.   Identify just how America can develop what more and more experts are saying may be the world’s largest resources of petro fuels.

2.  Efficiency.  As I understand it, your training in business school was to perform in Management Consulting.  Before you began Bain Capital, you were with Bain Consulting, helping companies cut waste and maximize efficiencies.

Decades ago, the United States made a commitment to help less developed nations jump start developments.   Thus was established the Peace Corps.

What if under President Romney, an invitation was put out to graduates of America’s business schools to help this nation rationalize its assets and liabilities?  What if each major university and its best students were given a project, such as identifying and marketing surplus US property,  minimizing fraud in health care delivery, spotting unqualified persons on welfare or food stamps?

I am sure that others could come up with better, one-year long projects to be conducted by faculty and staff at some of the nation’s premiere accounting programs.  What a credential this could be for a soon to graduate student at one of these schools.

3.  Education.  Imagine what President Obama could have made of it had he taken seriously the input of his Jobs Council, identified the labor needs of its constituent companies, and helped to establish German-like apprentice programs to produce young people having those skills!

Understand, I am not suggesting any great expenditure of public moneys on these, in fact quite the opposite.

But, to the extent that we can define the kind of labor that it takes to run an auto parts factory,  helping schools and towns to create that labor, we only help ourselves.

To the extent that we cut waste and fraud from federal spending, we only spend the nation’s treasure more efficiently.  And to the extent that we encourage and allow development of the world’s large known reserves of petro products, we are adding to America’s treasure.

Good luck with it.


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