Charlie Rose deserves credit for offering exposure to Wisconsin Rep. Paul Ryan?s ?Roadmap for America?s Future.?
As a Bloomberg Business Week transcript of their recent inteview shows, Rose could use a little help with his economics:
Stimulus doesn’t work? There are better ideas that would help create jobs, such as keeping our tax rates low, reducing spending, and showing we are serious about our debt situation. That and more regulatory certainty would help us unlock private capital.
There’s regulatory certainty now that we have financial reform. There are over 500 regulations that will come out of this new law that haven’t been promulgated yet. We have a new health-care law, and many businesses don’t really know what the consequences are. So the government has done a lot lately that is having a chilling effect on businesses. When I talk with businesses big and small, I get the same question every time: What is the government going to do to me next? What I really worry about is this class-warfare rhetoric we’re getting from the White House and from others that is pitting people against each other, using the election-year moment to tap into the emotions of fear and envy. Those might make for good short-term politics. They make for rotten economics.
