Tuesday, November 13, 2012

The Blessings of Second Term

Vasu Reddy from Chicago
vasureddy@aol.com

President Obama will not be running for public office again in his life.  The reelection of the president of the USA, allows him to build his legacy and work on delivering the election promises he made to the people of the USA.  His job is the most powerful job on earth, and term limits prohibit same person from being on the job more than two terms, and after being the president of the USA, one definitely don’t want another job.  Once again congratulations on his second term to president Obama.

The second term presents huge challenges to the president.  The second term will start with the fiscal cliff, which is just around the corner and the reality of expiration of the tax cuts to the rich, and automatic budget cuts to major programs, and across the board cuts to start bringing the deficit down are all a reality, as congress and president are still at loggerheads. 

The republican congress and the president have always been at loggerheads on the programs and policies to be adopted to meet the demands of the population.  As always there will be a lot of saber rattling between the parties, and one can expect a deal just in time to beat deadline, or the budget cuts and reductions, automatic roll back of taxes for the rich will become a reality.  The president at this time has nothing to lose as he is has been already reelected and just beginning his second term.  He has four years to worry about public opinion and fixing any issues to deal with his presidential legacy, and actually the fiscal cliff might simply help him balance the budget and fix the ills of the country by having to face through the last 3 presidential terms.

Allowing the automatic cuts will not hurt the President as it actually might help him in the long run with public opinion.  People don’t want to really pay most of the money they pay in taxes to the government going to pay interest on money borrowed by the government.  They would want to see it go to economic development and public interests.

There are a lot of other issues that are ready to be handled by the President and the leaders of the USA which require immediate attention.  Unemployment, inflation, housing, immigration, trade, international strife and political pressures; all add-up to the task of the President to be an enormous task to handle in the next four years, and he will need all the support of his staff, congress and senate, including the state and local governments, along with policies that will please the public and be adapted to better the country as a whole.

The President is still blessed with the largest economy on earth with great resources of the nation, along with intellectual capital that is the best available on the planet.  It will take some hard negotiations with the leaders in congress, along with the national acceptance of the policies that will benefit the whole country as one nation.

While the very rich or very poor have vastly different agenda, the country’s prosperity and cutting the cost of interest (for a fact entirely eliminating it) will have a huge impact on the global economy, and drive a pro-people agenda.  There is no doubt that people whosoever they are very interested in peace and prosperity not just today, but for generations to come, and the USA is still a nation of opportunity, and can continue to deliver to its people on the promise of the nation they live in; and all in all to the rest of the world while it flourishes.

The President and his team of advisors and the elected representatives can make decisions that will help prosper the nation.  If they place people first, it is absolutely possible to lead the nation towards low unemployment, budget surpluses and prosperity.  While the nation continues to the leader of the world, it can also become a model for economic leadership by making decisions that are long term and pro-growth.  The opportunity for green industry that is eco friendly and earth sustaining can not only be a great economic growth engine, but also save the earth as it is for many generations to come.

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