The latest headlines on America’s economy deal with poverty. America is a striving country and the unemployment rate increased this week to over 9%. Roughly, 46.2 million people are currently living in poverty. There are more Americans in poverty now than during the great depression and although the population has increased this is still detrimental. The GOP has a lot to say about this and is blaming Obama for not making changes during his Presidency.
Mitt Romney stated that if we keep “spending and borrowing” we would end up like Greece. Barack Obama is being attacked for this economic downfall and Mitt Romney is gaining a lot from this. Romney says that by 2016 America must have 200 billion in annual savings. Romney presented a 3-step process for cutting federal costs but still maintaining military spending. Mitt Romney as President stated that he would make the government more productive. He wants to cutback programs that he feels are unnecessary. One downfall of his program was to give the states power of governmental program such as Medicaid and limit them. The middle-class would not benefit this and he is surely to lose a lot of voters for this.
Other Romney proposals that can be found on cnn.com are as follows:
- Re-structuring Social Security and Medicare, including letting seniors choose between federal coverage and private health insurance plans
- Reducing foreign aid to countries that don't need it and countries "that oppose American interests."
- Cutting the size of the federal workforce and linking government salaries to private sector salaries
- Combining wasteful government agencies
Michele Bachman has gained from Herman Cain’s sexual allegations speaking out about how he is not right for candidacy. She stated that he is all about personality but not governing a nation. Bachman said her tax system is simple and fair and would help improve the economy. She states that the debt ceiling is a failure f leadership in essence she too blames Obama for the nations grown poverty. She voted no on the home affordable mortgage program and that is something that should be looked at closely by voters.
On a poll from the University of Texas showed that 65% say Perry does not deserve credit for Texas’s boost in economy. He was the governor for 10 years but it seems as though people don’t feel he had anything to do with the states economical increase. It is true that under his administration Texas has an increase of 1 million jobs but he is not accredited for this. It seems as though the GOP is not favored. The great issue at hand is poverty within the nation and rather than blaming the current administration the GOP has to prove what they will do to fix it but they haven’t.
The video above is Barack Obamas job bill. It has not been passed by congress but he is taking initiative to get it passed bits by bits. He is truly striving to make a change and helping the nation distort from poverty. The GOP can try and blame the Obama administration but this is simply not true. What needs to be done now is an extensive study of what each candidate will do to improve the nation. They don’t seem to have a sough out plan but Obama does.
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