Tuesday, February 14, 2012

How many Americans actually appreciate the power the President gave to the electorate to recover the economy?

I sincerely don't believe the average voter in this country has stopped to realize how much President Obama has done to empower the people to rebuild their economy.  He relied a great deal on the resourcefulness and good sense of the American people during these years of recovery.  The incremental difference of the Payroll Tax Credit is only one example of his belief in the strength of the American people to recover their economy and own it.


The Obama Recovery of the USA Economy was dedicated to empowering the Middle Class as the people that would make personal spending decisions that would return economic vibrancy to their country.  That includes the lengthening of Unemployment Insurance, tax cuts from the Recovery Act, support to infrastructure projects to return jobs to a devastated construction sector and supports of Middle Class spending with efforts such as the Payroll Tax Cut which benefits business as well as people.


I think it was genius. When President Obama realized the corporate structure was abandoning the Middle Class for its own priorities, he focused on increasing the spending ability of the people while rebuilding a Small Business Infrastructure to empower entrepreneurs.


President Obama's current budget reflects a definitive direction for the country which annihilates the Bush Tax Cuts and allows 2013 to begin with the potential to restructure our federal income tax system.  The people have the power within his leadership to eliminate all loopholes in their tax system while reducing the ability of the wealthy to pay less than 23% which would be the highest tax rate.  Those choices are available with the elections of 2012.  It is not smoke and mirrors.  There can be a very clear path to reducing our national debt and deficit and ensuring our children's and country's future.


There is no one that can dispel the reality of President Obama's commitment to seeking the insight and help of the American people in this recovery.  He has been on our side.  He has relied on us to be a part of our future.  It has been a great partnership.


We are not finished in our recovery.  We need to restructure not only our tax base, but, our entitlements.  The biggest hurdle to reducing the liability of our entitlements is to bring 'MEDICAL COSTS' under control.  While it is convenient to attack Medicare as the problem, it is not the problem.  The cost of health care in the USA is the problem. If that goes unaddressed all the 'Ryan' plans will never fix what is most wrong.


Superficial fixes that pander to a Wall Street based solutions for future generations is not the answer as the "Ryans" would like us to believe.  The USA is a strong economy and getting stronger.  By reducing our national debt we can easily return to a AAA bond rating with all rating agencies including S&P, if S&P is up to it.  That is best done by setting up a realistic tax structure as outlined by Simpson-Bowles.  It is in the best interest of all the people and corporations that count on USA Bonds as a means of insuring their value in the market place.  For the wealthy to pay higher taxes is to recover their own ability to sustain their best investments and that is USA Bonds.  Higher taxes for them is more of an investment than even Warren Buffet wants to admit or explain.


When President Obama is re-elected in 2012 we need to finish the rebuilding of our financial infrastructure in the USA.  We first need to address the tax system and a solid tax base, then insure medical costs for all citizens are realistic and not out of control.  The containment of medical costs will insure quality care for all and The Affordable Care Act will provide what it promised beyond what Americans have already realized.  Containing medical costs will maintain affordable insurance within State Exchanges and it will stabilize the growth of Medicare.  Only then can we begin to realistically address other entitlements and their future burden to our national debt, if any at all.


President Obama has been able to do the impossible since his inauguration.  We need to let him continue to complete a vital mission for all of us as his partner.  We cannot let the status quo exist and provide continued dangers to the economic health of our children's futures.  


We can do this.


Oh, yes we can.