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.