This Federal Deficit.

Talking to people at work during lunch today, I realized that most do not understand how this federal deficit came to be. Well, I will try to explain this in the most elementary of ways. Here we go, Bush took office in 2001 with the country booming, then 5 month later he passed The Economic Growth and Tax Relief Reconciliation Act of 2001, which lowered taxes for retirement plans, income rates, and property. 4 month later we got attacked, 9/11. We needed to go to war; a poorly planned war was launched in early 2003. Three month into the war Bush passed The Jobs and Growth Tax Relief Reconciliation Act of 2003, which pretty much sped up the tax breaks that the previous act introduced when it came to income. We have been at war for about over 7 years now, the two wars, the one in Iraq and the one in Afghanistan, yes they are two separate wars, cost about 700 million dollars a day collectively. The combination of tax cuts with increased spending spawned federal deficit. Come the latter part of the decade, inflation, economic deficit and a crash in the housing and the credit market brought on an economic recession. Obama comes in to office in 2008, he cuts taxes for those with income under 250 thousand per year, installs stimulus measures to restart the economy, borrows money to work on his energy and health care plans. All this along with the tax cuts Bush passed (which both expire on December 31^st of 2010 btw) and the wars of course and you have a federal deficit. Hope this clears things up.  

A Very Simple Plan for Obama.

I think that it is pretty safe to say that Democrats will lose majority in the House of Representatives in November and Nancy Pelosi will not be returning as Speaker of The House come the new congress. This will lead to most, including me to believe that President Obama’s time in the White House will not be extended 4 more years after 2012. Simple things that Obama can do that in my opinion would increase his chances of winning another term are….

President Obama

1) Focus on the economy: The one thing people are concerned most with is their financial security and Jobs. Obama needs to be simple and to be clear, and let the people know that his main priority is the Economy. Most people are not anxious about what’s not in their direct life. The Economy affects most, and if he drives home the fact that he is doing everything he can to improve it, they will listen.

needs fixin

2) Don’t pay attention to the bashing: Obama is already very highly criticized as is, and once the republicans take over the House, Criticism will just keep on coming. With today’s media the way it is, there is no way to avoid it. Obama will hear his name dragged through the mud on a daily basis. Focus on the task at hand and not paying attention to it will defiantly increase his chances of winning in 2012.

3) Fight for his position: Obama’s approval rating is not very good to say the least. He needs to not allow his seat to be taken away, but do all he can for it to not be won away. Obama needs to play his game and rise above all challenges that he may face. He needs to show Americans that the powerful energetic person that they voted for in 2008 can still lead them after 2012.

4) Hope that Sarah Palin wins the Republican nomination: I am certain or at least hope that Palin cannot possibly win a presidential election, and if she does, then its time to get out while we can. If Republicans put Palin up against Obama, I have to say that 4 more years of Obama would not look so bad to most eyes. I say this with caution fearing that it will end up biting me in the rear with our next president being Sarah Palin.

she tries real hard. 

Let me just end by saying this, I think that doing these four, well really only three things will help Obama’s chances come 2012 and by no means am I saying that if he does them he will win the election. Bottom line, I think we will have a new president, likely a Republican president come 2012.