On November 6 we will face an election that will decide our nation’s course for many years. This election will be the most important election in our lives and will decide not only our immediate future but also the future for our children and grandchildren. After 3 ½ years of the Obama Administration, the Senate Democrats, and over a year of campaigning, our choices have never been more clear. At stake is the success or failure of our economy, the relationship between our government and ourselves, federal fiscal and debt solvency, taxation levels, America’s role in the world, and the legacy we are endowing to future generations.
The key issue we must face is which Presidential Candidate and political party offers the best opportunity for economic & job growth, wealth creation, supportable social safety nets & entitlements, sustainable National Debt, and a higher standard of living for the American people. It is vital that each of us take the time and make the effort to understand the potential consequences for our culture, our freedoms, and the potential survival of our country from these two widely different visions of government’s role in our society and vote accordingly.
Fundamentally, Romney/Ryan and the Republican Party support smaller government, free market capitalism, a strong national security, and individual liberty. They believe in the Constitution as written by the Founding Fathers, individual & business freedoms, private property rights, sound fiscal and monetary policies, lower taxes for business and individuals, a government limited to the powers granted in the Constitution, and equality of opportunities for all citizens.
Specifically in this election, Romney/Ryan and Republicans support overturning government run Obamacare, which significantly increases healthcare costs, adds central bureaucratic control over healthcare, and erodes our freedom of choice in the doctor/patient relationship. They support overturning the Dodd-Frank financial legislation, which has stagnated our financial industry and economic growth and adds layers of still to be written rules and regulations and additional costs over banking. As protection from mounting problems in the Middle East, Romney/Ryan and Republicans support the construction of the Keystone Pipeline and the opening of public lands and offshore exploration for expanding and achieving North American energy independence.
Republicans further believe in a clear and resolute Foreign Policy supported by a strong economy and military and free trade with other nations. They believe that a reasonable but not unlimited social safety net is desirable for those truly in need and welfare as a temporary situation with the objective of being a transition to independence. Romney/Ryan advocate major tax reform by lowering the rates and broadening the base for individuals and businesses in order to promote economic growth. They further advocate major entitlement reform to bring the Federal Budget into balance, while insuring that Social Security, Medicare, and Medicaid will be sustainable for future generations.
Regarding the economy, Republicans believe that prosperity and job growth is derived from entrepreneurial business activity free from excessive government interference and is advanced by minimizing regulations, having lower taxes, and maximizing freedoms and opportunities. Individual and business success is praised, honored, and rewarded. Free markets determine winners and losers and wealth is distributed based on objective “achievement” through persistence, intelligence, and hard work.
Primarily, Obama/Biden and the Democrat Party support bigger (unlimited?) government, centrally planned European-style neo-socialism, reduced national defense, and bureaucratic control of individual and business freedoms. They believe in a “living” Constitution to be interpreted and modified by the judicial system as desired, control over private property use, and unsustainable fiscal policy and National Debt. They advocate open-ended entitlements, welfare, and government spending, higher taxes on businesses and individuals but especially the successful “rich”, and forced wealth transfer to achieve “fairness”. Opportunities for success (or failure) will be largely determined by central government administrators.
Specifically in this election, Obama/Biden and Democrats approve of and are committed to retaining government run Obamacare and Dodd-Frank financial legislation. They have no practical national energy plan and are against the Keystone Pipeline, offshore exploration, and expansion of fossil fuel development on public land. As is well documented, Obama currently favors “Green Energy” as the alternative to fossil fuels and, through the Environmental Protection Agency (EPA), Department of Energy (DOE), has used billions of taxpayer money to subsidize and support his belief. Through the EPA and DOE, The Obama Administration is waging a “War on Coal”, which is preventing the country from exploiting a cheap and plentiful fuel source and will result in the loss of thousands of jobs in the Coal Industry. All of this makes America weaker and more dependent on foreign energy from the troubled Middle East Area.
For nearly four years Obama has followed a Foreign Policy of appeasement, apology, and withdrawal emphasized by planned reductions in the military and controlled trade with other nations. Obama and Democrats believe in regulated and even hostile control over businesses and the use of Administrative Executive Power (especially EPA, DOE, Department of Health & Human Services (HHS), and Department of Labor (DOL)) as desired to accomplish this. They believe in and have encouraged entitlement expansion and welfare dependency supported by a $6 Trillion increase in the National Debt in four years.
Obama/Biden and Democrats believe that economic and job growth is derived from central government planning not free markets, high taxes on successful individuals & companies, and taxpayer funding through grants and subsidies to bureaucratically selected companies and industries. Individual and business success is envied, derided, and penalized through regulations and wealth transfer. The government determines winners and losers based on administrative subjectivity and wealth is redistributed based on an arbitrary determination of “fairness”.
For months we have heard impressive speeches from our President promising more of the same “Hope and Change” supported by increasing government restrictions (Obamacare, Dodd-Frank, the EPA, the DOE, etc.), unsustainable entitlements, higher taxes on the “Rich”, and ballooning National Debt. But no volume of skillful oratory by the President can disguise the fact that Obama and the Democrats have no new ideas for the next four years and Romney/Ryan and the Republicans do. Romney has articulated clearly his 5-Point Plan to get America back on track to a prosperous growing economy with job opportunities for those who want to work: 1) Energy Independence, 2) Free Trade, 3) a Balanced Budget, 4) Improved Education, and 5) Tax Reform to support Small Businesses. While no one party or individual is perfect or will solve all problems we must select the alternative that provides our best opportunity to save our country from financial disaster and economic chaos that uncontrolled government deficits represent. The survival of our great nation depends on making the right choice.
OK, it’s decision time! Which future do you want? Please take the time and make the effort to study the alternatives, the potential outcomes from each, consider what is at stake for yourself, your children, and our great country, and vote wisely. The choice will be yours on November 6th.
The Old Guy PhD