I hung my hopes on Obama in his first inaugeration. Like all of us, I had no choice but to do so. His early missteps by continuing to bail out the Banksters, failing to prosecute them, and his failed promises to help people save their homes soured my hope fairly quickly. He couldn't seem to grasp the concept that the best way to jump start the economy was by improving our infrastructure which hasn't been seriously tackled since Roosevelt's WPA back in the 30's saved this country from mass homelessness and starvation. Even with FDR's intervention, we still suffered from the Great Depression. Had Obama learned from history, he would have immediately leaped into a full-court press for just the same type of program. Instead, he re-invested in the failed "trickle-down" economics of Reagan by pumping almost a trillion dollars into the hands of the very same crooks who wrecked the economy in the firt place.
Well now he has another 4 years to try to get "It" right. While we are being forced to listen to the posturing over the Fiscal Cliff debate, which we all know will require tax hikes and reduced spending, where to cut and where to hike is the problem. Here is a proposal, 10% cut on ALL entitlements with the exception of Social Security (it is after all their money they paid in), and an elimination of ALL tax loopholes. This should generate enough revenue to actually result in a tax decrease in the future. Now where did I hear that? Oh yeah, fom the Economists! Problem solved. Now let's get back to a discussion of what we really need to do:
We need jobs! Not burger-flipping-bedsheet-changing ones either! We need jobs that pay good money so we can buy thing and pay our bills. Now where will we find such jobs if the Private Sector isn't hiring? Government can't just hire everyone that needs a job either so where do we get these "good paying jobs" from? It is simple really. We get them by doing what FDR did--by investing in our future! We do this by building the roads, fixing the bridges, laying new sewer pipes, building schools and hospitals all with grants--and/or 0% interest long-term (25 years or better with the first 5 years deferred payment) loans--to States with the caveat that these funds are to be used for completing existing projects on the drawing board but unfunded currently and new projects only. States cannot use these funds to prop up their failed budgets. They will just have to wait for their increased tax revenues to kick in from the added jobs before they can start throwing parties again with the Fed money.
These are jobs that cannot be outsourced to China. These are jobs that will pay the taxes to hire more teachers and policemen and firefighters and hospital workers. These are jobs that will increase demand for domestic production of goods and materials. These are jobs that will stimulate MAIN STREET more than WALL STREET theirs will also be stimulated but it will "trickle UP"--not down!). This is a win-win situation for EVERY American from the corner store deli to Big Business! You CANNOT go wrong by doing this Obama! Save our country and improve it in such a way that the works you do will last beyond the lifetimes of your children and my own. Lave a legacy to be proud of instead of the one you now have of being in the pockets of Wall Street and the Banksters! You CAN do this. I promise, the majority of America will stand behind you if you do.
Obama, you have a clean slate. How you write your legacy will now depend solely upon you. The first chapter, your candidacy, was full of promise. The second chapter, your first term in office, has been a failure with the only argument as to responsibility. This is your third chapter. Will it be a best-seller, or will it be worse than Bush? Only YOU can decide...