Troubled economic times breed jobs plans. In good times, no one puts forward comprehensive proposals to invigorate the economy. But we live in bad times, so we have lots of plans: Herman Cain’s fun-sounding 9-9-9 plan, Romney’s 59-point MBA-class-syllabus plan, the Huntsman‒Wall Street Journal editors plan, President Obama’s “Pass This Newest Stimulus Bill!” plan, and other plans from pundits, congressional candidates, and more — all indicators of a stressed economy.
What if we could wave a wand and immediately enact the best elements of the best plans? Would America bounce back? At one level, the answer is undoubtedly “yes.” Growth-oriented tax rates, entitlement reform, regulatory relief, and real health-care reform would lead to increased investment and new jobs. At another level, though, the answer is “maybe not.”
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