Mitt Romneys economic plan Essay Example | Topics and Well Written Essays - 500 words

Mitt Romneys economic plan - Essay Example America in the recent past experienced an economic crisis that resulted into a severe economic aftermath like loss in jobs, reduced output by industries and wealth reduction by individuals as well. This effect is likely to take economists decades to curb this though they are encouraged to act quickly in terms of scope and costs relayed through relative activism (Ogburn, 2009). Amidst this, Romney comes with a comprehensive and deliberate plan to curb this crisis leading to economic growth and development of the Americans not forgetting their critical welfare. Actual plan Romney’s plan is because Americans as an agile society and world’s economic powerhouse is highly in need of its economy to rapidly come back to its knees. Romney has the target of an annual GDP growth rate of 4% per annum over the period he speculates to be in power to bring back the level of unemployment to its previous level before the crisis (Obama, 2008). This appears to be an uphill task but throug h the aggressiveness of the Americans and Romney’s leadership, it shall be achieved within the specified timelines. The growth and development agenda according t Romney should and must be divided into parts as follows: - First, his regime must focus more on productivity growth through relevant policies to support savings and investments, creativity and innovation, trade activities, education and training. Secondly, the government will have to develop a budget framework that is much friendly to the financial system.