I’m still very undecided on the 2012 GOP presidential race, but yesterday’s speech by Tim Pawlenty gets a big thumbs up from me. I’m the first to agree that a good speech does not a good president make (see POTUS, current), but if we can get the electorate talking about and debating these issues we’re moving in the right direction. Below are a few of my favorite soundbites.
· I’m willing to tell Americans the hard truth. And I believe Americans are ready to hear it. But the truth about our economy isn’t hard at all. Markets work. Barack Obama’s central planning doesn’t.
· We should start by overhauling the tax code. Its currently an anti-growth nine thousand page monstrosity that’s chock full of special deals for special interests. It’s main goal — seems to be to generate campaign contributions. Not jobs.
· Business success should depend on winning over customers. Not winning over Congressman.
· A balanced federal budget shouldn’t be a political sound bite. It should be the law of the land… We have to face the truth — Congress is addicted to spending. And that’s true regardless of which party is in control.
· We can start by applying what I call “The Google Test.” If you can find a good or service on the Internet, then the federal government probably doesn’t need to be doing it.
· Finally — even if we are successful in changing the way Washington taxes, spends, and regulates, many of the gains we’d realize could be lost by the continued debasement of the dollar — as a result of the loose-money policies of the Fed. We need monetary policy that is focused like a laser on curbing inflation and maintaining price stability. That should be the role of the Fed. And nothing more.