Strengthen Our Economy
Having been an Economics professor at San Diego State University, worked as an economics consultant in both the private and public sectors, and owned and managed businesses in San Diego for the past 27 years, Wayne Dunlap has a good understanding of how the American economy works and how we can fix it.
We must fix our financial institutions to keep necessary capital investment flowing and to insure our retirement. We must not place excessive burdens on the next generation. Please see below for a better national 'bailout' plan to address our financial crisis.
America is a wonderful country and our strength depends on a strong economy where every American can find a well paying productive job, businesses can grow and invest for the future in a stable and predictable economic environment, taxes and excessive regulations that restrain economic growth are eliminated, and abuses such as fraud and pollution are solved in a reasonable matter.
Wayne Dunlap believes that our economic future can be made brighter by:
• expanding better educational opportunities
• establishing economic conditions that create more well paying jobs
• reducing taxes so Americans keep more of their hard earned money and vital capital can be reinvested into the economy
• eliminating burdening government regulation
• providing for a stable business environment where the entrepreneurial spirit of American can thrive
Government cannot overrule the law of economics. We need to substantially lower government spending so we do not burden our children with huge national debt, weaken the value of our dollar, and cause upward pressure on interest rates. Money spent in the private sector creates more jobs than money spent by government. We also need to eliminate burdening government control and regulations so we do not hamper the wonderful entrepreneurial opportunities that have made our economy the shining example of the world.
Wayne Dunlap has the qualifications to help America achieve a stronger economy.
Better Plan for "Bailout"
Years ago, Congress passed legislation that set up this financial crisis, recently stood by without leadership when we knew about it years ago, and now Congress has shown that they have little understanding how to solve it.
Americans are being held with a gun to our heads to solve bad decisions by some business and government leaders. Our government and industry leaders waited until a crisis in order to address issues. This bailout plan will move our country towards ever bigger government and debt paid for by future generations of Americans.
The current 'bailout' plan is not complete. It addresses symptoms and very little of the causes of much larger problems. We need real leadership from our elected officials and to prosecute those who committed fraud. Unfortunately, what we are seeing is the results of some of the largest political contributions in history from the financial industry. To escape the current political process, here is a better plan:
In the 1980’s, American had military bases all over our nation. Many were established as political favors. There were Navy bases in Kansas. To strengthen our national defense by freeing up funding from unnecessary bases, America established the BRAC procedure – a quasi-independent commission to recommend bases for closure and consolidation. After two rounds, billions of dollars were saved.
To provide real leadership for American, we can establish a BRAC-like procedure to address our nation’s financial issues including the vastly larger issue of retirement entitlements like Social Security, Medicare, Medical, military veterans, and public and private pension and health programs where we have made enormous unfunded promises to our citizens. Like we did with BRAC, we could bring together experts from business, academia, government, and citizen groups including those who created our problems so they can help us learn how to fix them. Without pressure from political contributions, their recommendations could be the basis of providing direction leading our nation to an even stronger future.
In the short term, we should reduce government obstacles that hold back the financial industry from bailing out each other like we now see with the large banks. We also need to revise the Mart-to-Market accounting procedures that are too restrictive and helped bring down some of our large financial companies. To avoid any possible immediate financial collapse and to establish trust in our financial institutes, government might be used, if at all, as last resort insuring loans between banks and taking over failed financial institutes covering all costs to taxpayers. The taxpayers need to be protected with an outcome that yields a healthy financial system, capital flowing again, and abuses compensated for, without burdening Americans with even more debt and taxes.
Learn more about Wayne Dunlap...
Candidate Qualifications and Accomplishments
See Wayne Dunlap on a televised speech on KOCT TV:
Click here to see Wayne Dunlap Live