One of the most successful leaders in our industry expressed grave concern Tuesday in San Antonio for our country if Barack Obama retains the White House. Closely paraphrasing, 'Today, 47% are getting a government check, in 4 more years will it be 54%? When that happens, we will be a one party country?'
I spoke and listened to Democrats at the Manufactured Housing Institute (MHI) annual meeting who frankly said the shortest path to curbing the regulatory excess in America is if Romney, Ryan and the Republicans (the 3Rs) sweep the White House, Senate and House. While not all pro-Democrats in our industry would take that view, it was still eye opening.
Our industry had a great product and we offer millions affordable quality shelter. We face internal and external challenges. But over-regulation, 1 trillion dollars in new tax hikes touted by VP Joe Biden, Dodd-Frank and ObamaCare all threaten to swamp a fragile recovery drifting back toward recession.
Insanity is to think you can do the same thing the same way and expect a different result. We've seen Obama's plan in action, in three words, it hasn't worked. Just ask the 23 million who are seeking full time work.
But in this case, 4 more years of an Obama Administration would be worse, because we'd see job killing tax hikes, regulations and a health care take-over that the National Federation of Independent Business (NFIB) says would cost the U.S. another 700,000 lost jobs. Other sources of information coming in here suggests NFIB may be low in their estimate.
Romney, Ryan and Republican conservatives (the 3Rs) have a balanced plan proven to create jobs through taping domestic energy. With their approach, in 8 years, they project North American energy independence. The 3Rs plan to repeal job killing Dodd-Frank and ObamaCare touch on two other hot button issues covered in MHI's annual meeting.
Tax code reform coupled with regulatory reform would provide stability for business planning and is another key element for business turn-around. So with 3-4 million high paying energy jobs, a total of 12 million jobs in 4 years is being projected from common sense plan.
How common sense is this approach? As quoted in President Barack Obama How Hope Changed, even past Democratic President John Kennedy would have extolled elements of former Governor Romney's proposals:
“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.”This was because investors'"efforts to avoid tax liabilities”make"certain types of less productive activity more profitable than more valuable undertakings,”and this in turn"inhibits our growth and efficiency."
So even by President Jack Kennedy's standards, we need a course correction.
The resounding victory by Mitt Romney in the debate with Barack Obama and Mitt's rapid rise in the polls shows this election is ours to win.
If your state has early voting, vote now. Get your friends, family, neighbors and associates registered and out to the polls. We may only have one good chance at this, let's not miss it. ##
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L. A. "Tony" Kovach
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