Yeah, I laughed.
Like I thought, I ended up laughing at the President's speech. And yeah, the guy really doesn't understand. Seriously, he doesn't get it. Spending half a trillion dollars isn't going to do jack-shit about "creating jobs". As I noted on Twitter, the guy seriously cannot even conceive of a plan to get people back to work that doesn't involve spending hundreds of billions of dollars.
So, here's The Marshall Stack Plan to Create Jobs That Requires Zero Spending. This plan won't require that a single dime be removed from the US Treasury, and the whole stinking thing could probably fit on one or two pieces of paper. Seriously.
Here it is:
- Repeal Sarbannes-Oxley: This bill was passed in haste in response to the Enron scandal. Guess how it worked out. Not good. It's a huge regulatory burden on smaller businesses (and larger businesses ae well, but they can absorb it better) and has had a rather drastic effect on the desire and ability of companies to go public and raise captial. Repeal it and you remove a huge burden on business that they'd much rather spend on capital investments.
- Repeal Obamacare: Come on -- a year later does anyone believe that this is anything more than a huge steaming pilie of horse manure? It's already driving health care prices up, the requests for waivers from it's requirements are pouring in (and being granted) and it's going to cost small business and the US tax payers untold billions. All that, and it won't even get everyone covered. Repeal it for the same reasons above: Small businesses really bear the burden here. And when small businesses bear burdens, they don't hire.
- Double the company size exemption on every regulation on the books: Jerry Pournelle thought this one up, and it is brilliant. If a regulation kicks in when a company has ten employes, double it to twenty. If it is 50, make it a hundred. Fifty is a magic number for a lot of laws and regulations, and as a result, there are a startingly large number of companies that have -- surprise! -- 49 employees and will not cross that magic threshold to 50. Double the exemptions, and they can make the move. That's a lot of jobs.
That's the simple one. I could probably hunt up about a thousand more laws to repeal, but those two are a good start. And as I said, repealing two laws and doubling the numbers in all regulations would be two pages, tops. It would loosen the flood gates inside every small business in America -- and small businesses are the place where most new jobs are created.
And it wouldn't cost a cent.
