Barack Obama
Polls are indicating U.S. President Barack Obama is set for defeat in
the upcoming presidential election. Obama has had a challenging
presidency thus far. He inherited a terrible economy from former
President George W. Bush and sadly made it worse with massive spending
that added $5 trillion to the national deficit. This week, former
chairman of the Federal Reserve, Democrat, Alan Greenspan, stated Obama
not tackling the deficit was his biggest mistake. It certainly was one
of his bigger mistakes.
Frugality in the federal government would have come in really handy,
but the Obama Administration's mantra has been the old phrase, "You've
got to spend money to make money." But spending money you don't have on
risky ventures, such as green initiatives, did not pan out (and the
Judiciary Report stated it wouldn't from the start).
Alan Greenspan
America would have gotten a better environmental return in said green
realm, simply by doing what Britain has done, in investing more in
public recycling trash cans in major cities and given incentives to
people that take public transport and cycle, instead of drive. It would
have been a good start until additional funds became available in the
event the economy improved.
As it stands, the government is scaring businesses away. Obama has
refused to give American corporate giants clemency in bring nearly a
trillion dollars back to America, after they went abroad seeking a lower
tax rate. As a result, other nations have and continue to richly profit
from U.S. companies' funds abroad, as said corporate giants are paying
taxes in foreign nations and hiring abroad as well for their *cough*
"headquarters."
Presidential challenger Mitt Romney
Giving corporations a fair tax rate would give many reason to keep or
return their businesses to the United States, but the government is
playing hardball with them, when the ball really is not in their court
to do so. However, individuals that are wealthy should face a slight tax
increase on their income to help out during the financial crisis that
some of them helped to create via greed and gouging the public in their
job posts.