While economic prosperity is central to his campaign, Jeb Bush cannot make it happen with the tools he wants to use.
Assuming that Jeb Bush understands how regulation hampers the economy, he might be better than many other Presidential candidates. He would likely be better than Hillary Clinton.
But the days of tricking the country into economic prosperity are over. His brother used it up and then Obama drowned any easier path in even more debt. Jeb Bush is not going to be able to do much about it, despite the promises he made as he was announcing his candidacy. As Politico reports,
He reminded the audience of the sweeping conservative reforms he enacted as Florida governor and his commitment to governing based on free-market principles that will create economic and educational opportunities for people to “rise up.”
“We will take command of our future once again in this country,” Bush said. “We will lift our sights again, make opportunity common again, get events in the world moving our way again.”
“We will take Washington – the static capital of this dynamic country – out of the business of causing problems. We will get back on the side of free enterprise and free people. I know we can fix this. Because I’ve done it.”
We could be led onto a path of economic prosperity, but the path is too politically painful for most people to even offer. It would involve
- Abolishing the Federal Reserve and creating a commodity-based currency system.
- Working out an orderly (!?) default on much of the national debt
- Only spending within the limits of revenue raised.
This would involve a lot of economic hard times. Major entitlement programs would have to be phased out. Voters will not tolerate it.
So instead we are going to eventually go through a major economic crisis that forces itself on the people and the politicians.
Since we’re not quite at that point yet, Jeb Bush is, at most, promising to tap the brake on our way over the cliff.
The most promising thing he said was that he has experience vetoing spending bills. But he wants to increase funds for the impoverished Pentagon. That is going to require concessions to those who want to increase welfare spending. It will mean saving Obamacare.
And nothing about Jeb Bush’s record in Florida indicates that he will really know what to do about the economy as President. After all, when his brother instituted an insane “economic stimulus” plan that did nothing but set a precedent for Obama’s bigger one, did Jeb Bush call him on it?
Jeb Bush is not going to shrink the debt—our number one national security threat. He’s going to expand it.
Has any empire on earth ever come to an end because of terrorists? No, they have collapsed economically. Jeb Bush should take his concern over ramping up our foreign presence and channel it into fixing what is really threatening our nations.