In order to fix the economy, we must not, under any circumstance whatsoever, re-elect the man who will one day be widely-accepted as the single-worst President in American History—Barack Hussein Obama.
Admittedly, it is horrendously difficult to just write about the President's glaring inability to restore the resplendent wealth of our nation's economy. For ultimately, it is nearly impossible not to illustrate the innumerably abundant manners in which he is a despicable individual on a personal, spiritual, and professional level. Yet, seeing as the prompt elicits a solely economic response, I will try to limit the breadth of my assault upon the President's efficacy to just that—the economy. The following, then, is an enumerated list chronicling the absolute idiocy of our President, his mockery of our nation, its ideals and founding principles, and most importantly the steps we, the Americans who unlike our President are honest, freedom-loving, hard-working, God-fearing, natural-born citizens, can take to fix the Economy.
Yet, before I present this list, I must acknowledge the fact that many of you must believe that I hate the President with every atom of my body, and possess not a single iota of respect for him. In order to clear up any confusion, I respond then in saying that such a characterization would be absolutely, resoundingly, and uncategorically-speaking, correct. I say this to be frank, and absolutely honest. I would not want to deceive you into thinking that I was just another moderate, willing to blithely perpetuate the decadence of this great nation. While my vehement resentment of the President and his policies in by all accounts extreme, and perhaps even unhealthy, I harbor it only for I fear the abridgment of our freedoms and the deprivation of a bright future for our own progeny. In short, I hate Barack Obama, because I love America. Yet, may that not be extrapolated to the extent to only those that hate Obama, love America, for that is not the case. I have met many a good-liberal. Just because Obama, who happens to be a Democrat, is among one of the most incompetent and reprehensible human-beings alive, does not mean that every Democrat is a bad guy. Quite the opposite is true. For the truth of the matter is, that to truly fix our situation, we must unite both parties; however, that is impossible under a president like Barack Obama (a point I will touch on later). Thus, I am fully confident in every American's mental-faculty, whether they they stand on the left or right, to see the following as a powerful, comprehensive, and earnest plan to repair and restore the standing of our nation, engendering an unprecedented level of wealth and prosperity for the American people—the greatest people this world has ever known.
1. Repeal Dodd-Frank: This little-known piece of legislation is perhaps the single greatest job-killer of them all. Ultimately, it puts a ton of regulatory burden upon banks. If you speak to anyone in the financial sector who has to deal with this legislation, they will tell you that it has demanded that they spend the majority of their job filling out hours and hours of mindless paper-work. Bankers who work five days a week, will spend close to three of those complying to the insufferable weight of Dodd-Frank. It has resulted in the injection of countless regulators into the system who pursue an ambiguous pursuit of determing the size and scope financial institutions and their procedures. In trying to insure market stability, it has slowed down the recovery, and is in every way antithetical to the swift accumulation, of wealth, profit, and financing for businesses which is essential for the economy to recover. Yet, I am sure many of you are understandably thinking to yourselves, "Why should we make the jobs of the bankers easier? After all, weren't they the ones who got us into the recession?" Yet, this simply isn't the case, and is representative of a very large misunderstanding about the majority of Americans. The recession in reality, was not caused by bankers. Rather, it was caused by government regulation which made it such that all banks had to give out sub-prime loans to those who could not afford them. This was against the will of the banks. Ask any banker (I assure you they are not as villainous as the media portrays them), and they will tell you this fact, that the government was making them hand out loans, the did not, and should not, have wanted to give. Which brings us to today, in which we see banking-regulation, Dodd-Frank, ultimately hurting the economy. You think Obama would've learned his lesson about the failures of government regulation in 2008, but he hasn't.
2. Repeal Obama-care: Obama's health care bill is the single worst piece of legislation ever devised in the history of this nation. Its 2700 pages, of which not a single member of congress had the chance to even read, outline half-baked policies. As it stands, before it has even come into effect, it has made the price of health-care increase dramatically. Health-insurance companies, are in fear of it, and have jacked up their prices. The owners of small businesses, who provide health-care to their employees, have been forced to foot the bill for it all, making it such that businesses, who in a recovering economy are supposed to be putting people back to work, have been faced with outrageous cost, giving them less money to grow and expand their businesses. That's not even to mention the fact that Obama-care is inherently unconstitutional in that it forces a mandate upon every American to own health-insurance. Our economy is founded upon the principle of consumer-freedom, in which the consumer gets to choose what they want to buy. Yet, when the government makes it compulsory to by a product, just by nature of living, it is a breech of the freedoms guaranteed by the constitution. The point which differentiates mandatory auto-insurance from mandatory health-insurance is that one has the choice of whether or not to own, while one does not have the choice have whether or not to live. Thus, Obama-care presents a detriment to not only the economy, but our economic-freedoms as well.
3. Stop bailing out businesses: Now, I'm sure many of you, especially those that voted for Obama, are asking, "How the Hell can you say not to bail-out business? Didn't you see how General Motors is turning historically high-profits after Obama bailed them out?" Yes, I did see that. But this why, and how, I say it is wrong to go and bail out a business. For one, if the federal government, had not bailed GM, GM would've went bankrupt. Which is actually agood thing. Bankruptcy does not mean simply that a business closes up and dies. Rather, it means that the company gets to reorganize, and renegotiate contracts and debts. In the case of GM, this means it would've given them the ability to lessen the burdens they are faced with in costly contracts with the United Auto-Workers Association. For as it stands now, even though GM is turning a great profit, they, as a corporation are unhealthy due to these obligations. If you look at the stock-market, even though the market in general is on the rise, the GM is on the fall, for investors are aware that the bailout made GM weaker than they would have been through the bankruptcy process. It is my prediction that in coming quarters we will see the performance of GM slip up for this very reason. Moreover, this situation from the fiscal perspective is a complete mess. The government still owns 50 billion dollars of GM. To every see a return on our money the value of GM's stock will have to over double. And this will not happen. Obama's handling of GM, blowing 50 billion dollars to weaken a company (only a feat something as inept as government could do), should serve as a lesson for coming generations of America.
4. Terminate Cronie-Capitalism: The White House loaned $535 million loan to a solar-panel company named Solyndra. Three months later, the business filed for bankruptcy. The solar-panel technology of Solyndra, which Obama lauded as being revolutionary and a promising component of a "green-economy" was obsolete. Chinese competitors were already producing cheaper and more efficient panels. Perhaps it is only a coincidence that the lead financier of this project was hedge-fund manager Henry J. Kaiser, a friend, and campaign contributor of President Obama, who had made five visits to the White House. These shady dealings are now under current investigation by the FBI. But that is not the point, rather, it is only a marker of a larger problem—the manner in which that tax-payer dollars are being squandered and wasted on pet-projects of the President. Rather than stimulating the economy, and producing jobs, such projects just blow money. These need to be ended.
5. Reduce the debt: The biggest threat to our nation's economy is the federal debt. As it stands today, the debt totals over $15-trillion. The debt has increased under Obama by $5-trillion in three years. Under Bush, it increased by $3-trillion in eight. As it stands, this debt threatens economic stability. One must only look to Greece to see what crushing and debilitating effect debt can have upon a country. For as it increases, consumer confidence, and causally consumer spending, decreases. This debt, under Obama's proposed budget this year only plans to increase it. As a matter of fact, the debt is projected to total over $16-trillion by this November. What we need is bold comprehensive reform—the very thing which Obama consistently fails to deliver. Even when he had a super-majority in Congress, the President to get a budget passed. He epitomizes the ineffective nature of our government and political system. He must not earn a second term. Steps six and seven outline just how to reduce the debt.
6. Tax-reform: This should not be achieved by increasing taxes upon a single income bracket. Rather, it should aim to close off tax-loopholes. For as it stands, huge-companies, such as General Electric, who have lobbyists in Washington, have been, by nature of loopholes, declared tax-exempt. They pay not a penny of tax. While small-businesses, which provide the majority of all employment, must pay exorbitant rates. As it stands, my father, a small-business owner, has 62% of his income paid to the government. Rather than reinvesting that money in his business, and hiring an untold number of workers, his hard-earned money gets squandered by the government. Yet, if Obama had his way, this situation would only be inflamed. Obama claims the rich aren't paying enough taxes. To be frank, I do not know what the hell he is talking about. Obama, consistently employs class war-fare, pitting the "fat-cat one-percenters" against the starving-masses. Yet, this an unclear and gross picture of the situation here in the states. For one, there is no class-division; we are simply all-Americans. If one truly wants to identify the stark division of wealth in the world, one must compare Americans to the world at large. For if one is among the richest one-percent of the entire world, they must only make over $35,000 dollars. So by that measure, even underpaid teachers are glorified fat-cats on the world scale. Secondly, it is the "fat-cats" who hire and employ in this nation. The more money they have to spend and invest in their businesses, the greater the number of people get hired. Thirdly, as it is today the United States corporate income tax is the second greatest in the world. This truly makes the US inhospitable for any sort of economic growth. So, tax-reform should not be slamming small businesses, or the one-percent, it should make sure that everyone pays what they should. For when that is achieved, tax-rates can be lowered for all the classes, allowing people to spend more, bolstering the economy.
Now, I expect many of you are thinking, "Well, what about how Obama extended the pay-roll tax-cuts?" And sure, I can commend him on that. But in actuality, the pay-roll tax-cut achieves very little. For one, it isn't paid for. And it offers only eighty-dollars a month the average American goes out and blows. The money and stimulus it offers is not wealth-creating in any sense. If anything it is short-term, myopically oriented policy. I'd compare it to putting a band-aid on a cancerous growth. Sure it covers up the problem in a superficial manner, but does it seek to fix the problem to its core? No.
7. Cut-spending: Don't have another stimulus package. Don't throw away money in Solyndra. Don't have Obama-care. Don't have the bailout. Don't increase the debt-ceiling. Reduce welfare entitlements. Reduce the amount of time people may remain unemployed. Create a balanced-budget amendment. Stop wasting money. For what we have in truth is not a revenue problem, it is a spending problem. For as it is today, government revenue is generally greater than ever. Yet it is spending which adds so much to the debt. Our politicians in Washington need to practice frugality that the hard-hit families on Main Street. And the easiest way, I would say, for the American people to cut-spending, would to be not to re-elect Obama.
8. Energy Independence: This topic was briefly touched on by point number four, in regards to Solyndra. But what needs to happen is an authentic movement towards energy independence. This, I believe, should be pursued by all possible avenues, renewable and non-renewable. For if our economy is to recover, the price of energy needs to be cheap. I'm sure all of you have noticed the recent spiking of gas-prices, which is projected to continue, over $5.00 a gallon. This breaks the back of the every-day American, as they struggle to fill up the tank. Will they pay their heating-bill, the braces for their kids, or just fill up their gas-tank? Sadly, this is precisely what Barack Obama wants—ridiculously high gas prices. As we saw two weeks ago, in his rejection of the Key-Stone pipeline, Obama is totally opposed to cheap energy. He cites environmental cost, without noticing the amount of human-turmoil he is creating. That pipe-line, sought to bring oil from Canada, all the way through America. Now that it is rejected, the Canadians have formed an alternative plan to pump cheap oil into our competitor China. Obama, in pandering to his radical, environmental base, alienates the average, working-class American. His energy policy stands to subvert the wealth of our nation. If only he were to allow us to drill off-shore, if only our coal-industry wasn't destroyed by government regulation, there is no telling the number of jobs that would be generated. Ultimately, it is a fact that the free-market delivers the cheapest product to the consumer. And in terms of energy, that is something to which Obama is opposed.
I could come up with several other dozen points. I could belabor how Obama seeks the creation of a socialist state. I could go on about how Obama hates business. And love big-government. I could format a concert-tour form Obama, singing classic soul-music, after all, he is a better singer than he is a President (Did you see him sing Al Green at the Apollo?). But it would be beating a dead horse. For the preponderance of evidence against President Obama is just too great. For ultimately, 37,000 Americans still lose their job every week. Since Obama has been elected, over 5 million Americans have left the work force, making the true level of those absolutely unemployed over ten-percent. Obama promised that under his presidency we would never see unemployment reach over eight-percent. He promised us he would not add to the deficit. But in truth, he has done the exact opposite. His policies have worsened the recession. And under his Presidency we will not see a full recovery. It is imperative we remove this man from office. He may lie and tell us all that he has saved jobs, that he prevented a depression, but anyone with half a mind can tell that is not the case. We need a change of leadership. We need a man with common-sense, and a shred of integrity. We need a man who has more faith in the American people than in the American government. We need a man who respects the Constitution. We need a man who believe in free trade. We need a man who can insure a brighter future for not only the American's of today, but the Americans of tomorrow. And that man is not Barack Obama
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