In President Barack Obama’s latest TV advertisement airing
in Virginia, former U.S. President Bill Clinton touts the economic advantages
of an Obama reelection[1].
In the ad, Clinton says “This election to me is about which
candidate is more likely to return us to full employment.” Clinton continues,
“President Obama has a plan to rebuild America from the ground up, investing in
innovation, education and job training. It only works if there is a strong
middle class.”[2]
Clearly then, both presidential camps, Team Obama and Team
Romney, will be fighting for the hearts and votes of middle class America, each
side trying to convince America’s middle class that they are the “clear
choice.”
In the same TV ad, Clinton explains that “The Republican
plan is to cut more taxes on upper income people and go back to deregulation.”[3]
Team Romney responded to the Clinton ad by suggesting that
“middle-class families are working harder and harder for less and less.”
Moreover, Romney’s successful experience in the private sector will offer
America “a new direction,” according to Team Romney.
But from where I’m sitting, Team Romney is offering the same
economic prescription that has fueled the Republican Party’s rhetoric since the
“glory days” of Ronald Reagan. Cut taxes, roll back government services, and
watch America gush with surplus dollars. Unfortunately, trickle-down economics didn’t
work the first time it was initiated and it won’t work in the present either.[4]
The government got more involved in the everyday lives of
Americans because the wealthy had gone unchecked and America’s future was put
in jeopardy[5].
As much as I would like to believe that the “free market” is
the answer to all of our prayers, history tells us differently. President Obama
and the Democratic Party have a better grasp of this idea.
In the words of Bill Clinton, “We need to keep going with
his [President Obama’s] plan.”[6]
[1] http://www2.timesdispatch.com/news/2012/aug/23/new-obama-ad-va-other-key-states-features-bill-cli-ar-2150864/
[2] http://www2.timesdispatch.com/news/2012/aug/23/new-obama-ad-va-other-key-states-features-bill-cli-ar-2150864/
[3] http://www2.timesdispatch.com/news/2012/aug/23/new-obama-ad-va-other-key-states-features-bill-cli-ar-2150864/
[4] http://useconomy.about.com/od/Politics/p/Trickle-Down-Economics-Does-It-Work.htm
[5] http://www.eyewitnesstohistory.com/snprelief1.htm
[6] http://www2.timesdispatch.com/news/2012/aug/23/new-obama-ad-va-other-key-states-features-bill-cli-ar-2150864/
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