The middle class has watched their financial security dwindle for years. Stable jobs have been outsourced to other countries. This left most Americans with the same income, despite rising costs.
How do we fix this?
First on the President’s agenda is to put more emphasis on American manufacturing. The tax structure needs to revamped to reward businesses who keep jobs here and end the tax breaks for those who send our jobs overseas. A trade enforcement unit needs to be formed to end unfair trade practices that hinder the growth of the United States.
Next, the President wants to promote skills and education. This will allow all Americans to compete in a world economy. President Obama would like to see all states require students to stay in school until graduation, or until they turn 18. He would also like to see partnerships between colleges and businesses to train and place workers. This also calls for stopping companies from raising the interest on student loans and for schools to stop raising tuition.
Also, the President’s plan calls for native energy to be furthered. This means developing ways to develop natural gas and creating new clean energy jobs. He would like to see a clean energy bill passed. This would include eliminating energy waste and rewarding those with less usage.
The biggest issue President Obama touched on was economic fairness. He said we need to refocus our tax system to end tax breaks for the wealthy and stop tax hikes on the working man. This also includes making sure Wall Street plays by the same rules as everyone else. The President would also like to see responsible homeowners get some relief by allowing them to refinance their home at lower interest rates.
The objective of this plan is that, despite today’s economic growth, we need to keep going. We need to keep moving forward.
What are your thoughts? Do you agree/disagree with the President’s plan?