| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Ben Carson: ‘We Don’t Have This Glowing Economy’
During an interview on Fox Business with Maria Bartiromo, Dr. Ben Carson observed that October’s unemployment rate of 5 percent does not align with the 94.5 million Americans not in the labor force.
We have to recognize that we don’t have this glowing economy that many in the administration wants you to believe we have. Five percent unemployment rate. You can make that number anything you want by who you include and don’t include. And obviously we should be talking about the labor force participation rate which is at a 38-year low.
Dr. Carson wants to provide a tax incentive to corporations to bring overseas money back to the U.S.
One of the things that I would do, first of all to jump-start the economy, is recognize that overseas we have over $2.1 trillion in American cash that will not come back with the kind of corporate tax rates we have. I would declare a holiday on that tax or encourage that so that we could repatriate that money. And the only stipulation being that ten percent of it be used in enterprise zones and to create jobs for people who are unemployed or on welfare.
Carson said this will stimulate investment in communities by businesses and will create jobs.
But it also gets business and industry in the mind-frame of once again investing in the community. Which is something that we used to do at a much higher level before the government came in and said ‘we’ll take care of all that.’ And they may have meant well, but they’ve done a horrendous job in the process and created a lot more dependency in our economy.
Do you think the economy is performing well? Share and comment below.
Source: http://www.westernjournalism.com/ben-carson-we-dont-have-this-glowing-economy/
