Our nation is less well off than it was four years ago. Prices are higher, and median income is lower. President Barack Obama has used the Keynesian economic approach of spending taxpayer money and borrowing funds in order to kick-start the economy. It was a valiant effort, but it hasn't been effective. We have a $16 trillion debt and have the lowest labor force participation rate in decades. If we continue to follow this European model of redistribution and over-regulation, we can expect to have the same unfolding European financial failure.
For those who are concerned about issues of gender, race, tuition, contraception or whatever, I submit almost all your concerns go by the wayside if you have a good-paying job. Good jobs come from competitive industries or increased personal business opportunities. An increase in private-sector jobs increases tax revenue, which helps lower the deficit, adds more revenue to Medicare and Social Security and lowers unemployment costs. Good jobs benefit all, no matter your gender, race or sexual orientation.
We live in a highly competitive world economy, and we need a government in tune with this reality. With Europe teetering on bankruptcy right in front of our eyes, why would we continue following its economic model? It's tough to fire a popular executive, but the true value of any executive is effectiveness. The U.S. needs a proven, world-class, effective executive. It's time to thank this popular president for his efforts and make the necessary change. Vote.
Peter F. Zych
Never miss a local story.
Hilton Head Island