(Image Source: Las Vegas Sun)
BY ZACH TOOMBS
You're watching multisource political video news analysis from Newsy.
One day before the next Republican presidential debate and two days before President Barack Obama will unveil a plan to combat rising unemployment, GOP candidate Mitt Romney delivered his own 59-point jobs plan.
Coming in at 160 pages long, the plan proposes that less regulation, lower corporate taxes and less government spending would translate to about 11 million new jobs for the American people. FOX has the governor’s announcement.
“In the first four years, if I’m lucky enough to be president, in the first four years, this will grow the economy at approximately four percent per year -- for each of those four years. It will add 11-and-a-half million new jobs for Americans. That’s what I want to see happening.”
Among his many proposals, Romney outlined five executive orders he would implement on day one in the White House, including repealing the Dodd-Frank financial reform act and a series of regulations that Romney says demonstrate an outdated economic strategy.
CNN has his comments.
“What he’s doing is taking quarters and stuffing them into the payphone and can’t figure out why it’s not working. It’s not connected anymore, Mr. President. Your payphone strategy does not work in a smartphone world.”
Democrats wasted no time in striking back against the former Massachusetts governor, calling Romney’s proposal to lower corporate tax rates an attack on the middle class.
Politico has the response from Ben LaBolt, a spokesman for President Obama:
“While Mitt Romney spoke today about the struggles of the middle class, he offered a plan that would tip the scales against hard-working Americans. Governor Romney repackaged the same old policies that helped create the economic crisis: boosting oil company profits and allowing Wall Street to write its own rules...”
And the left wasn’t the only side of the political spectrum setting sights on Romney Tuesday. Republican rival Jon Huntsman released a web video citing an unflattering statistic for Romney’s experience in job creation. FOX News reports.
“Jon Huntsman, the former Obama administration ambassador to China and the former Utah governor released his jobs plan last week to strong reviews. And today he trashed Romney’s record during one-term as governor of Massachusetts in a new web video.”
AD: “Massachusetts ended up 47th in job creation. 47th out of 50.”
And, although Huntsman served as the U.S. ambassador to China for two years, the far east superpower was absent from his jobs plan and a huge focal point for Romney’s.
In a controversial move, Romney said he would sanction China for its trade practices and set up a new multinational trade group to replace the World Trade Organization. CNN appeared a bit surprised at this tactic.
“Mitt Romney went after the Chinese -- something that a lot of people did not expect to hear in this speech -- take a listen.”
ROMNEY: “So, I will dramatically increase the interest and the effort in our nation to establish trade relations with other nations... I’ll clamp down on the cheaters. And China’s the worst example of that.”
Although the idea ruffled some feathers, CNBC host Larry Kudlow praised Romney for promising to get tough on China and setting up a trade organization to serve as a counterweight.
“Robert Reich, the Obama administration won’t stand up to China, the Bush administration wouldn’t stand up to China, the Clinton administration wouldn’t stand up to China. They’re getting away with trade murder.”
Romney’s new plan could face more direct opposition from his own party Wednesday, when he’ll join seven other Republican presidential candidates at a debate at the Reagan Library in California.
Transcript by Newsy.
