Tag Archives: nation building

President Obama: “It’s time for a new economic patriotism”

Posted on by


…

Now, Governor Romney believes that with that even bigger tax cuts for the wealthy and fewer regulations on Wall Street all of us will prosper. In other words he’d double down on the same trickle down policies that led to the crisis in the first place. So what’s my plan?

First, we create a million new manufacturing jobs and help businesses double their exports. Give tax breaks to companies that invest in America, not that ship jobs overseas.

Second, we cut our oil imports in half and produce more American-made energy, oil, clean-coal, natural gas, and new resources like wind, solar and bio-fuels—all while doubling the fuel efficiencies of cars and trucks.

Third, we insure that we maintain the best workforce in the world by preparing 100,000 additional math and science teachers. Training 2 million Americans with the job skills they need at our community colleges. Cutting the growth of tuition in half and expanding student aid so more Americans can afford it.

Fourth, a balanced plan to reduce our deficit by four trillion dollars over the next decade on top of the trillion in spending we’ve already cut, I’d ask the wealthy to pay a little more. And as we end the war in Afghanistan let’s apply half the savings to pay down our debt and use the rest for some nation building right here at home.

It’s time for a new economic patriotism. Rooted in the belief that growing our economy begins with a strong, thriving middle class. Read my plan. Compare it to Governor Romney’s and decide for yourself. Thanks for listening.

Meanwhile, what’s happening over at Republican Party HQ? Business as usual — who needs a new economic patriotism when the old economic “patriotism” is working just fine for the few, thankyouverymuch:

George W. Bush To Keynote Cayman Islands Investment Conference

Former President George W. Bush is set to deliver the keynote address at the Cayman Alternative Investment Summit on Grand Cayman just a few days before the election. The conference will feature Bush as the keynote speaker on the first night, and British billionaire Sir Richard Branson on the second night. “Institutional investors, private investors, asset allocators, fund managers, service providers, academics and regulators will benefit from this discussion on the future of the industry,” reads to the FAQ section of the website. The timing of the conference could land awkwardly during an election season that’s been marked by speculation about Mitt Romney’s finances, particularly his offshore investments in tax havens like the Cayman Islands.

Cayman Alternative Investment Summit – Mitt Romney should have been the headliner, but he has some prior commitments in early November.

Your choice. Your vote.

Register to vote | Volunteer | Contribute

President Obama continues to push Congress to create jobs, use war money for nation-building

Posted on by

“…on Friday, I signed into law a bill that will do two things for the American people. First, it will keep thousands of construction workers on the job rebuilding our nation’s infrastructure. Second, it will keep interest rates on federal student loans from doubling this year – which would have hit more than seven million students with about a thousand dollars more on their loan payments. Those steps will make a real difference in the lives of millions of Americans. But make no mistake: we’ve got more to do. The construction industry was hit brutally hard when the housing bubble burst. So it’s not enough to just keep construction workers on the job doing projects that were already underway. For months, I’ve been calling on Congress to take half the money we’re no longer spending on war and use it to do some nation-building here at home. There’s work to be done building roads and bridges and wireless networks. And there are hundreds of thousands of construction workers ready to do it…” — The President’s weekly address


…

“Conservatives would have you believe that our disappointing economic performance has somehow been caused by excessive government spending, which crowds out private job creation. But the reality is that private-sector job growth has more or less matched the recoveries from the last two recessions; the big difference this time is an unprecedented fall in public employment, which is now about 1.4 million jobs less than it would be if it had grown as fast as it did under President George W. Bush. And, if we had those extra jobs, the unemployment rate would be much lower than it is — something like 7.3 percent instead of 8.2 percent. It sure looks as if cutting government when the economy is deeply depressed hurts rather than helps the American people.” – Paul Krugman
…