Tags: Economic- Crisis | | Pawlenty | president | entrepreneurial | Obama | economy

Pawlenty: We Need to 'Ignite Entrepreneurial Spirit'

By Hiram Reisner   |   Friday, 05 Aug 2011 04:48 AM

Presidential hopeful Tim Pawlenty says the stock markets are tanking because President Barack Obama does not understand the importance of a private economy, but continues to insist government spending is the solution. Pawlenty also told Fox News’ Sean Hannity Thursday he is the pro-business candidate who will “ignite the entrepreneurial spirit of this country.”
“Well, what’s gone wrong is we don’t have a president who understands that we need to have a private economy, not just a government economy growing,” the former Minnesota governor said. “I’ve said all across the country: You can’t be pro jobs and anti-business. And what this president has done, President Obama, is take things from the private sector and bring it into government — what we need to do is take things from government and bring it into the private sector.

“We need to grow the private sector by shrinking government,” Pawlenty said. “And the entrepreneurs . . . people who want to grow businesses and provide jobs, say the same thing every day, all across this country, which is get the government off my back.”
Pawlenty said the federal government and President Barack Obama have made it too difficult for the public sector and he is the candidate “who will ignite the entrepreneurial spirit of this country and get this economy moving” — and he has a plan to achieve those goals.

“Cut the corporate rate from 35 percent to 15 percent, take the individual rates from six down to two, eliminate all taxation on dividends, interest, capital gains, and the estate tax ,” Pawlenty said. “Repeal Obamacare, fix Sarbanes-Oxley, fix Dodd-Frank, and make sure we have a regulatory approach that is pro-jobs.

“And one of the things I’ve said in that regard is:  let’s have a sunset on all regulations,” he said. Let’s also make sure that before regulations go into effect, there’s a final up and down vote by Congress so real people who have to bear the burdens of these regulations have one more crack that their elected representative before those regulations go into effect.

“We’ve got to have a constitutional amendment to balance the budget. I don’t believe we can send politicians to Washington, D.C., anymore and trust that they are actually going to be fiscally disciplined,” Pawlenty continued. “Some will, most won’t. We’ve got to have what 49 of the 50 states have — and that’s a requirement, constitutionally — that the budget be balanced.”

Hannity then asked Pawlenty about his perceived acrimony with fellow presidential candidate and Minnesotan Rep. Michele Bachmann.

“Well, we’ve had a couple of back-and-forths — I don’t know that people are interested in the back-and-forth as much as they are the country is in big trouble,” Pawlenty said. “The reason why I’m running for president of the United States is because I believe I got the results from the record, and the skills and the values to lead it to a better place.”

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