This week’s Republican National Convention (RNC) came and went smoothly. Several important themes emerged. This article will explore the themes of the convention, as well as many areas requiring further explanation over the pendency of the Fall campaign.
First, Mitt Romney is a man who has considerable experience in the private sector and as a governor of Massachusetts. As governor, Romney guided the state to a surplus. He had success stories in businesses like Staples and a very positive experience in revitalizing the steel industry. In addition, he guided the Olympics from fundamental disorder to a successful conclusion.
Mike Huckabee explained that Romney gives generously of his own money, not yours or mine. He warned Americans not to accumulate too much debt for future generations. Huckabee took snipes at the power of big government by invoking how the Bill of Rights limits governmental power.
Tim Pawlenty wowed the convention by explaining that people need jobs and that government doesn’t produce jobs. Private entrepreneurs produce jobs and should be rewarded for the risks that they take.
The convention reached a crescendo when Dr. Condoleeza Rice addressed the assembly. Dr. Rice sported her own presidential timber by stating that we need free markets and the maintenance of a balance of power to preserve freedom. Chaos reigns when no one leads. She talked about the challenges of the global collapse in 2008 and the Arab Spring.
Dr. Rice went on to explain the need for American energy independence from foreign oil, as well as the alternative energies. She explained the importance of private sector growth and the benefits of small business.
Later, Dr. Rice asked that poor parents be given better choices. She closed by stating that success is not achieved by instilling resentment and fear in people. Most importantly, Dr. Rice reiterated a theme of previous speakers, saying that we cannot lose control over our finances.
Susana Martinez impressed the assemblage by stating that while governor of New Mexico, she converted a structural deficit into a surplus without raising taxes. In addition, she admonished the Obama administration for adding $5 trillion in new debt This statement reinforced an earlier introduction of the debt bomb by Mike Huckabee.
Paul Ryan did a good job of presenting himself as the vice presidential candidate. He explained that the promised recovery is nowhere in sight and that many workers cannot secure employment. He criticized the $831 billion stimulus as political patronage and corporate welfare. Ryan called for wealth creation and the return of a strong middle class. Finally, he put a number on government spending by stating that it should not go beyond 20 percent of GDP. Ryan sought to make the social safety net safe again.
Marco Rubio explained the sacrifices that had to be made so that he could
become a United States senator. His speech lead into the introduction of Mitt Romney as the presidential candidate.
Mitt Romney discussed the turnarounds and failures in his business experience.
He promised 12 million new jobs. Romney made the Obama administration accountable for the promise of hope and change in 2008. Romney explained that he will make bold initiatives in energy on all fronts, including oil and gas, coal, nuclear etc. He will make government smaller and relieve tax burdens on small business. Romney will protect Eastern European countries like Poland and deal more firmly with Russia and our trading partners to secure fair trade. The convention closed after a prayer by Timothy Cardinal Dolan of New York.
Generally, the Republican National Convention informed Americans about the Republican philosophy and approach toward governing as embodied by the Romney/Ryan ticket. Gone were the draconian calls for being tough on drugs and crime which were the hallmarks of past campaigns. Voters were left with questions as to how Romney will have less government while simultaneously spending more money to defend Eastern Europe and dealing more firmly with Russia.
In addition, the public needs to know more about how Romney will create 12 million new jobs. Will the energy area be the catalyst for job growth? Cutting taxes alone is not the answer. Stimulating consumer demand is the catalyst that leads to job growth and new hiring.
Right now, $2 trillion and more sit in overseas corporate bank accounts awaiting repatriation into the United States. When and if this money flows back, corporations will be looking for a tax break to bring this investment money to America for use in promoting industrial growth.
Voters will need more detail on how a smaller government will be achieved. Will this mean the repeal of the Patriot Act? Will cost savings in private Medicare exchanges get plowed back into the Medicare system or will the cost savings go to HMO executives in the form of bonuses? Will Romney regulate risky derivative transactions or let companies fail when intermarket forces operate in unexpected ways? These and other questions must be addressed during the upcoming October debates. Meanwhile, the Democratic National Convention will present its case next week on behalf of President Obama and a second term in office.