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The coming depression blog | June 25, 2017

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“Romneycare”, “Obamacare” – Do they care?

The Republican Debate at the Reagan Library was very exciting. This was the first debate that the new favorite, Rick Perry attended, and phew! things did heat up very quickly! So I sat in front of my TV watching carefully for the first presidential debate of Republican Ronald from the Reagan Library in Simi, California. Obama asked at a joint session of Congress to present its proposal for jobs. The problem is that he was asked at the same time as a Republican presidential debate. It’s amazing how the Democrats say that Republicans are the party of the rich. It’s interesting because our nation is divided about 50% and Republicans 50% Democrats, but as you guessed right, 50% of the population in the United States is NOT rich, BUT middle class.

More recently, former Governor Romney’s came out with a Mitt Romney jobs plan! Romney released a detailed work plan of 59 points to his followers to match Obama’s new plan to stimulate job creation in the United States. The republican presidential candidates seem to be financially sound and informed, but the media often portray them as terroristic and damaging our country. The policy is confused, sometimes we all need help to understand how we got here and how we can avoid the problems we face today. With elections just around the State of California, it is not surprising that the Republican Party does its best to attract voters.

Obama wants as big an audience as possible, as soon as possible. As Glenn Hubbard, puts it “Romneycare” is equal to “Obamacare.” The date he requested, meets these requirements, although it has obvious problems. Romney has said he will issue executive orders as soon as he becomes the President of the United States. Romney acknowledged the majority of negative actions against them are when Romney was governor of Massachusetts. Romney wants to make trade with China more competitive, and this can only be good for all Americans. America wants answers, but do not know who to trust. The president seems to know what he is talking, but there is more than nine percent unemployment.

In the first 10 minutes of conversation fists began to fly between the new and the old pioneers Rick Perry and Mitt Romney. Another surprise was the declaration of Herman Cain’s new tax plan. Calling it the 9-9-9 plan, his plan would replace the current tax law, with nine per cent of corporation tax, nine percent of personal income tax, and nine percent national sales tax. One thing that all the Republican candidates seem to agree that the tax would have grown the working poor. I’ve heard over and over again. Each candidate says it’s wrong that 47% of Americans pay no federal income taxes.

One party wants to raise taxes on the working poor. The other wants to raise taxes on the wealthiest 2% of America. Let’s see how this debate unfolds.

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