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Health & Fitness

Why would anyone want an investment banker as President?

Have you forgotten 2008? Incoming President Obama inherited a total melt- down of the financial sector – a return of the "Great Depression".

Why would any informed voter want to elect an investment banker President on November 6?

 Have you forgotten 2008? Incoming President Obama inherited a total melt- down of the financial sector – a return of the “Great Depression”. The result of 8 years of less and less governmental regulation.  millions jobs shipped off-shore (why manufacture in the US, labor is far cheaper elsewhere), a housing and mortgage debacle, privatization of government services (it actually turned out to cost more –think Halliburton) and  a Republican party at war with itself and most  Americans.

 Jobs…Jobs…Jobs – the election year Republican mantra. Were you better off 4 years ago? ABSOLUTELY!!

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Cutting taxes creates Jobs – A total Lie - Cutting taxes just increases the budget deficits; but it makes Grover Norquist happy and wealthy, but certainly not wise and Laffer and Romney can chuckle all the way to an off-shore bank.

 Government does not create jobs – Another Lie. Who pays for the Army, Navy, Air Force, teachers, police, fire fighters , etc. Would there be a defense industry, space exploration, the internet, computers, roads, bridges  without government funding?

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I wonder how many voters recall that the day Ronald Reagan took office the national debt was less than $1 trillion dollars ($930 billion). When he left office the national debt had tripled to $2,7 trillion dollars. The next President was George H W Bush (read my lips, no new taxes). The day he left office the national debt had increased another $1.5 trillion. Then Bill Clinton took office and in his first term he also increased the debt another $1.5 trillion. But in his second term, after Newt Gingrich forced a shutdown of government by refusing to raise the debt limit, Clinton managed to pass a bill to increase taxes on the wealthy, without a single Republican vote. The result was job creation of more than 20 million jobs and a budget surplus of $262 billion dollars for the incoming President, George W Bush. Unfortunately Bush II (also known as Shrub) turned the surplus into deficits and doubled the national debt to $11.5 trillion. He cut taxes mostly for the wealthy, started 2 wars and finished none. Advocated Medicare Advantage Plans (Part C), which the insurance industry promised would be better and cheaper than traditional Medicare, but instead costs 15% more.  That is the $716 billion dollars that Obama is taking back from the insurance industry over 10 years and using it to eliminate the donut hole in Medicare Part D.  That program was passed by GW Bush without any funding mechanism. Its main restriction was that the government is barred from negotiating cheaper drug prices with the pharmaceutical industry. Is it any wonder President Obama’s hair has turned gray. 

Who in their right mind is willing to vote Republican in this election- NOT ME and I hope NOT YOU!.

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