Empowering Back Businesses a Key to Economic Recovery

As the media continuously depicts, the American economy is faltering as the days passed by. The budget deficit has soared so high that it almost has become unimaginable. With financial institutions continuing to crumble, more workers are removed from their jobs and are left unemployed. Unemployment rates have become so high that most graduates have no job after graduation. The way of living in America has certainly become so hard that most families or individuals are already suffering from the ill effects that it has brought to the nation.

Dennis Santiago talks about the present economic situation and strategies to attain economic recovery. If you look at the bigger picture, American citizens are really suffering hard from this economic meltdown. About 20% of Americans are either unemployed or are employed yet are earning the under the minimum wage. The middle class people are struggling to cope up with their financial obligations and are in danger of losing their homes.

The American standard for living used to be one of most admired and most sought-after of the world. And now, the used-to-be wide gap between other countries and the US has slowly trimmed down. He emphasized the need to strengthen the domestic industry. American business companies and manufacturers should be able to produce again the quality products that were once the best in the world. In order to bring back the country into stability, empowering businesses should first be a priority. As a result, more jobs are created and the industrial sector will be right on track again.

Demands go higher whenever people have purchasing power. If companies gain back their confidence to do business again, it creates a domino effect where people also begin to increase demand for products and commodities. Through this, the country will slowly but surely recover from the ill effects of recession and start bringing back the American dream. Of course the government should also be in full support of this strategy while also passing bills and programs that will benefit every entity that the country possess.

It is important to note that every citizen may also contribute to this nationwide strategy. The voting sector may greatly influence the future of America. By telling their politicians to wisely spend the nation’s budget and implement only projects that are reasonably efficient enough, we will eventually have a better and wise government where the primary focus is to help the citizens of America by doing what’s right and paying attention very carefully.

Regarding the Afghan War and the Proposed Expiration of Tax Cuts

Did you know that the ever popular Afghanistan war has already existed for 9 years now? The war began on October 7, 2001 with the primary goal of disrupting the movements of terrorist organizations and eliminating them in the process. On June 7, 2010, the war was officially declared the longest war in the history of the United States of America. And now, the war is still on a standstill with the number of US serviceman growing day by day. How many more US troops will lose their lives in foreign soil fighting for a war that is really full of uncertainties?

A popular and much debated issue of this controversial war is about the deployment of a newer batch of troops to bolster the already high number of troops stationed there. The Congress and the White House has continuously argued and debated about the exact number of troops to be deployed on the battlefield. Sending another set of troops would mean more cost to the taxpayers and also an increase in the possibility of more American casualties.

Amazingly, a Republican and renowned critic of President Obama, Rand Paul came in defense of the president when criticized about the decision of sending in more troops to the war. He said that Congress should focus more on other important functions and leave the decisions regarding the war to the White House. We should face the fact that the US is slowly but surely losing the war effort. Sending in a ton of fresh troops without gaining any significant result is just a huge waste of taxpayer’s money. There are still more internal problems that the US government should be solving rather than spend more on a war that is just going out of its way.

He also emphasized that Democrats believe that the government is key in creating jobs and saving the economy. In contrary to the belief of democrats, Republicans believe that the private sector, entrepreneurs or the business institutions are the ones who create jobs and would greatly help in economic recovery. With the impending expiration of tax cuts to be imposed by the government, he believes that this would only spell disaster. Tax cuts to be expired would mean larger taxes to business institutions where they try to cut cost by removing a fraction of their workforce. This translates into unemployment or underemployment which is very bad for the economy.

From a Republican’s point of view, businesses are very much important in salvaging what is left of the economy. Giving enough benefits and incentives to institutions would ensure their capacity to acquire manpower and provide jobs to Americans. In this time of crisis, the business sector is critical and should act as the primary mover towards economic recovery.