Politics and the Mid-Term Elections

With only weeks away from the mid-term elections, campaign commercials have flooded the airwaves from both parties which have been contradictory or misleading. Both political parties have pursued a strategy of blaming each other for the financial crisis and the slow rate of recovery of the nations economy.

The real problem seems to be that both political parties have contributed to the financial mess we find ourselves in. President Obama routinely blames the polices of the Bush administration for the financial crisis, and there is some validity to this. President Bush pursued a reckless policy of expanding government programs which exploded the national debt.

In 2003, President Bush pushed through Congress a prescription drug program purely on partisan votes that had no intention of being paid for, and left the nation with additional entitlement spending, which only added to the federal debt.

President Obama, created the stagnation of making the cure worse than the disease. His policy of over regulation, higher taxes, pursuit of health care reform that never would reform the system, and only gave America an entitlement program which is not paid for, and even now its impact on businesses is being felt.

Both administrations increased the national debt and with it threatens our national security. It should cause Americans concern when the Chairman of the Joint Chiefs of Staff, Secretary of State, and Defense Secretary all state the national debt is America’s greatest security threat.

The fiscal mess in Washington has now spread like a cancer to state and local governments. How can the nation rebound from its financial mess when many of the largest states are wallowing in fiscal quicksand of government overspending and anti business policies which have contributed to high state of unemployment.

Many states are saddled with high pension cost which were never paid for, and now the states are facing these increased unfunded liabilities which have stifled economic growth.

Too often Washington blames big business for moving jobs overseas, but what have they done to retain business in this country? California is the largest state in the purchase of autos, but does not manufacture an auto’s - why not?

If America wants to transform its economy, then start helping small business. Create the environment where entrepreneurs can invest in the new businesses of tomorrow. If we don’t, then we will suffer the consequence of a California style economic meltdown!