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Queens Chronicle

President Obama deserves re-election

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Posted: Thursday, October 25, 2012 10:30 am

The United States remains a country faced with a multitude of problems, but we are much better off than we were four years ago, thanks to the leadership of President Obama. He should be re-elected on Nov. 6.

The president’s opponent, former Massachusetts Gov. Mitt Romney, has a lot going for him but has not made a compelling case for changing course.

Obama took office at a time of fiscal disaster. The stock market was plummeting, and five weeks into his term the Dow Jones Average stood at 6,500. Today it’s just about double that.

Unemployment was rising and eventually reached 10 percent. Today it’s around 8 percent. Of course we all wish it were 6 percent, but it will take time to get there. As the housing market improves, the job market should follow suit. At least we’re moving in the right direction. In this global economy, the United States is recovering much faster than Europe or China. China’s stock market has fallen back to where it was in March 2009.

It is true that the only group much better off than it was four years ago is the top 1 percent, whose assets are mainly held in securities. Ironically, it’s members of the top 1 percent who are spending millions of dollars to defeat Obama on Nov. 6.

But the deficit is dropping and should continue to do so. Figures released last week show a $200 billion reduction in the deficit. We believe the deficit and national debt are the biggest problems facing the country, and that a combination of gradual tax increases, reduced tax breaks for corporations and a cut in government spending is the best way to lower the defict. This is the kind of prescription Obama supports.

Romney, on the other hand, has talked until very recently of reducing taxes, especially on the wealthiest Americans. During a debate with the president he shifted course to say that he only advocates reduced tax rates, and that under his plan the rich would continue to pay as much as they do now in the end. But we find that hard to believe given what he’s been saying for years and the people who are supporting his campaign.

Romney also takes stands we oppose on many social issues. We agree with the president on issues such as same-sex marriage and reproductive rights. The president also takes a more progressive stand on the environment.

Our elected officials need to figure out a way to work in a bipartisan manner in order to move the country forward. Democrats and Republicans both have good ideas, but the lack of compromise in no way helps to restore the United States’ fiscal strength or rebuild our aging infrastructure, or our schools, or our society so we can solve the myriad problems we face.

We believe electing Romney would only deepen the divide, as evidenced by his reckless comment on the 47 percent of Americans he claimed are dependent on the government but don’t contribute to it. That statement was disturbing in many ways, just one being the fact that many in that 47 percent are paying Social Security taxes. Combined with their employers’ contributions, they’re probably paying a higher proportion of their earnings than the 14 percent Romney pays on his millions of dollars in income.

Lastly, it’s become clear over the course of the campaign that Romney has few core positions and is willing to say whatever it takes to get elected.

That’s not the case with President Obama. He deserves your vote for four more years in office.

Welcome to the discussion.

2 comments:

  • RayfromNY posted at 10:19 pm on Thu, Oct 25, 2012.

    RayfromNY Posts: 0

    This president is out to destroy the US. He is a muslim and has been one his entire adult life. He talks about change which is nothing more than a code word for Socialism. He does not care what happens in the end, as long as he brings the US down by design..
    Besides all of the above, we know nothing about BO. If he is so bright, let him show his school transcripts. Bill Ayres wrote, "Dreams From My Father." Obama can't write.
    BO was out playing golf when the seals were directed by other officials to go into Pakistan and get Osama and Obama was only informed when the seal were over Pakistan. Speaking of golf, BO said he would not rest until this economy was sound again, but he played 104 rounds of golf in 3 1/2 years.
    (Bush played 24 rounds in 8 years and not a single one after 2003) BO blames Bush for everything, the same way Roosevelt blamed Hoover for his first eight years and even with massive public work programs, unemployment 8 years after Roosevelt was elected was greater than when he took office.
    Obamacare will be the nail in our pubic debt coffin. Citizen will have to buy insurance but illegal aliens and non citizen will not have to, but they will receive medical care and "we" will be paying for them ( share the wealth) "Welfare" in all of its various forms is costing the US $1,000,000,000 yearly.
    Taxing the wealthy is nothing but class warfare. Any extra revenue collected would not fund the federal government for more than a few days, maybe 14 days at the most.
    Obamacare has provisions for the federal government to have real time access to all you bank accounts. Is this what you want?
    I can't think of a better time to be a non citizen than right now.
    Obama, a friend of the middle class? Just another socialist lie. He wants one massive lower class and of course the ruling class who are more equal and therefore will live better.

    Here is what you can look forward to if BO is elected again. All your thrift savings, 401k etc. being invested in government bonds and the government using your retirement money. When your time comes, there will be nothing left but those worthless bonds. Hyperinflation after the US credit rating will be cut again and again.
    QEIII is running up the debt by tens of billions of dollars every month by creating more worthless money.
    Much of what happened to BO in 2008 was nothing more than him harvesting what he had sown. He helped push banks back in the 1990s to float home loans to people who could not afford such loans. Clinton was also to blame.
    Bush sent representatives to congress on several occasions to warn congress that there was a problem. Men such as Snow and Greenspan were chided by the likes of Barney Frank that these men were acting like chicken little crying that the sky was falling. The sky was not falling but the bottom "dropped out" in home mortgages.
    Next up, college loan defaults and now there is talk that these loans will be forgiven?? And who will be paying for that?

    Rome fell in part because it could not or would not control its borders.
    12 to 15 million illegals aliens, made legal by an illegal executive order will do nothing but encourage others to come here. You will be paying for their health care.
    Good luck with that. If BO win, it wont be long before the US credit rating will drop again. It took Rome 200 years to run their currency into the ground. We have done that in less than three generation.
    I could go on and on...
    Look like the best years for me were in the 50's and 60's. Who would have thought.

     
  • teutahdem posted at 9:56 pm on Thu, Oct 25, 2012.

    teutahdem Posts: 0

    Obama will lead this country in the right direction. The deficit is dropping and will continue to do so. If Romney were to get in, it goes back up and it will be the middle class and lower trying to repay it, while the top gets tax cuts.