Press release from the Khavari for governor campaign follows.
Miami, FL Mar. 18 — Noted economist and Democratic gubernatorial candidate Farid Khavari dismissed Alex Sink’s new “Business Plan for Florida” as “nicely written but completely lacking substance.” Sink, Florida’s Chief Financial Officer and another Democratic candidate for governor, unveiled her plan Wednesday.
“Last week, Alex Sink finally recognized that we have a lot of unemployment and foreclosures in Florida. That’s a big step for her,” Khavari said. “We have over a million people out of work here, 800,000 homes in foreclosure, and more job losses and foreclosures to come unless we do something. Apparently it takes three years for a multimillionaire ex-banker to catch on.
“Alex Sink has held one of the most powerful jobs in Florida for three years now. She is in an ideal position to fix Florida’s economy and she is counting paper clips and canceling Blackberries while the State Board of Administration has lost tens of billions of dollars on her watch. If she had any idea how to create even one job or stop even one foreclosure, why didn’t she do anything about it?
“Let me offer Ms. Sink a little lesson in economics,” Khavari smiled. “You can’t create jobs with subsidies and tax cuts. Businesses will not hire people unless there are customers for their products and services. With rising unemployment and escalating foreclosures, high interest rates and reduced credit, insurance and health care costs out of control, how many people can afford to buy anything? No customers, no jobs, it’s really not so difficult to understand.
“Here’s another lesson in Econ 001: when you create one good job, the economy naturally creates two more jobs within a year, and those jobs create more. When you lose one good job, you lose two more within a year, and more after that.
“My economic plan for Florida was released nine months ago. It explains step-by-step, with specific examples, how to create 1,000,000 new private-sector jobs in Florida, without subsidies. All you need is leadership. You have to focus on the demand side. When there is demand, businesses will hire people regardless of subsidies and taxes.”
Khavari has also gained national acclaim for his plan to establish a state-owned bank, which would save state and local governments billions per year in interest expense, while offering 2% fixed-rate mortgages and other programs to save Floridians more billions per year. Since his announcement, gubernatorial candidates in California, Oregon and Illinois have declared state-owned banks as part of their platforms. “Our Bank of the State of Florida will balance state and local budgets without higher taxes, and make Florida recession-proof forever,” Khavari said.
Farid A. Khavari, Ph.D. is an economist and author of nine books, including Environomics. His latest book, Toward a Zero-Cost Economy, is available in stores or for free download at his website, www.khavariforgovernor.com.
Pensacola News Journal links to articles, press releases, and editorials on Dr. Farid Khavari, democratic candidate for governor of the state of Florida, HERE.
Pensacola News Journal links to articles, press releases, and editorials on Alex Sink, democratic candidate for governor of the state of Florida, HERE.