With three months left until the 2012 Presidential election, U.S. President Barack Obama, is struggling regarding decisions about the depressed economy. The closer the nation gets to the election, the worse the economic news has been coming out of Washington, regarding unemployment and foreclosures.
The economy is falling behind again, while other global counterparts such as Canada, have surpassed America in personal wealth, regarding its citizens. This is a clear indication that the Obama Administration has taken the wrong approach to solving the financial crisis.
Even Federal Reserve chief, Ben Bernake, is at wits end. The puzzle wasn't that difficult. Raise taxes on the rich and make government budget cuts. However, somewhere along the line, someone convince President Obama otherwise and that, among other things, it is going to cost him a second term in office.
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