Analyzing My Rise to Fame

To the dismay of all of my mormonwaffle-lovers out there (points to crowd, crickets chirp) I announce to the dismay of you all that this will be my final regular blog posting. I have enjoyed learning the ropes of becoming a blogger, and I have come a long way from my garage band stage. I have evolved as a rock star blogger, and who knows, maybe now I am at the point where I could open for Metallica (or maybe just sell tickets, let’s not get ahead just yet).

When I first started this blog, I will admit that I was extremely biased (see Mormon in title). As a first time blogger, I began by harshly judging each candidate and tried to convince readers to vote a certain way. However, I was hit by a reality check and realized that my job was to provide an unbiased amount of information regarding specific aspects of the economy and state the facts

My analysis post really helped me realize the true economic struggles that our country is currently enduring. With the largest national debt in history, both candidates have their work cut out for them. By doing an analysis post, I realized how I needed to write my blog; I needed to inform citizens of what each candidate plans to do to help the economy. Both Mitt Romney and Barack Obama proposed a plan to help the current economic situation and I decided to examine each

Now that I had gotten into blogging, I began to kind of enjoy it. Upon researching each plan, I was able to find more details that led to more articles, such as the Bush Tax Cuts and the stationing of troops overseas. I even looked into what would happen if the economy was left alone and how the candidates could compromise and get along. Before I knew it, I was blogging like crazy.

Suddenly, this project was to be turned in soon. More importantly, I had to vote. Not only did this project help me gain blogging experience, but it helped me become an informed citizen and impacted my vote. Evolving, I went from a cut rate garage band trumpet player to a rock star. I have enjoyed writing for all my followers and I have hoped that I have helped you as much as I have helped myself. That you for all of your comments and, who knows, maybe mormonwaffles will have a comeback tour. ROCK ON!

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Working Together??? So Crazy It Just Might Work

However [political parties] may now and then answer popular ends, they are likely in the course of time and things, to become potent engines, by which cunning, ambitious, and unprincipled men will be enabled to subvert the power of the people and to usurp for themselves the reins of government, destroying afterwards the very engines which have lifted them to unjust dominion.

                                                                                       George Washington, Farewell Address September 17, 1796

As long as we live in a Democratic society, which I hope is for a while, there are going to be dispute over what is right and wrong concerning the government. For example, concerning healthcare, Mitt Romney believes in letting each state regulate healthcare while Barack Obama believes in a national healthcare system. This issue of rights reserved to the states goes back all the way to the days of the Federalist Party. Likely, it will go on for hundreds of years to come if left unaddressed.

Neither candidate is going to be perfect, nor will they appeal to every person. Samuel Adams and Alexander Hamilton; two of America’s greatest, didn’t agree on all political aspects. However, by compromising, they were able to help form a great government. Still, the issue of government intervention haunts America today and it shows in the economy. That is what needs to be done today. While Obama and Romney may not be the best of friends or see eye to eye on everything, but the well-being of an entire nation is at stake. Also, comparing successes of current candidates to past figures will not bring forth identical results. This suffering economy will not go away magically, action must be taken. Not just these two men, but all politicians need to swallow their pride and figure out what is best for this country TOGETHER. If they are as bright as they claim, in theory (see what I did there) this should work.

Please, lets get rid of parties all together if that’s what it takes to get all of the controversy and arguing off of my Facebook news feed!!!

 

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#4moreyears

 

I decided to wait and complete my final normal blog post today so I could discuss the winner of the election (I wasn’t just being lazy, promise). The polls are in and it is official; Barack Obama has been re-elected and will serve 4 more years as President of the United States.

After the storming of Franklin Streets and the social media explosion, one could not help but wonder; what now?

Well, many opinions have been formed about the future of this nation, including that made public by Obama in his post-election speech: “We want our children to live in an America that isn’t burdened by debt, that isn’t weakened by inequality, that isn’t threatened by the destructive power of a warming planet,” said Obama.

As we know, things do not always go as planned. Remember that in 2009, Obama promised to have the debt cut in half by 2012, and we are quite far from it. However, circumstances have indeed changed and new opportunities await this great nation. Planning to lower the national debt through plan cancellation and taxes and keep Obamacare running strong, Obama’s full economic plan can be viewed in previous posts and links.

To Mr. Romney, I would like to congratulate on a successful run and I wish him the best in the future. As someone who wasn’t originally a fan of Obama, I have come to see the perspective and successes of his plans that I was previously unaware of.

 

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LINKS!

1.  http://go.galegroup.com/ps/i.do?id=GALE%7CA271892655&v=2.1&u=unc_main&it=r&p=ITOF&sw=w

This link provides President Obama’s plan for reducing the national debt concerning cutting spending to Medicare, Medicaid and other health programs.

2. https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=pwh&AN=70383781&site=pov-live

Going along with the previous link, this website provides the opposing argument of how to lower the debt in medical fields.

3. http://www.csmonitor.com/USA/DC-Decoder/2012/0802/Who-creates-jobs-How-economists-see-the-Obama-Romney-debate

This site provides the insight of professional economist and how they predict the success level and credibility of each candidates plans.

4. http://www.cnn.com/video/#/video/politics/2012/10/23/debate3-spar-over-troop-levels-in-iraq.cnn

This video provides a clip illustrating both candidates outlook on the war in the Middle East, the placement of troops overseas, and how it relates economically to the U.S. Government.

5.  http://www.investopedia.com/terms/b/bush-tax-cuts.asp#axzz29UDMcwUc

This site defines and describes the Bush Tax Cuts put in place as a series of laws and acts between 2001 and 2003.

6.  http://baylorlariat.com/2012/10/16/a-deeper-look-into-the-bush-tax-cuts-are-they-worth-it/

Related to the post above, this link explains the significance of the Bush Tax Cuts related to this election and the viewpoints of each candidate regarding the reinstatement or removal of these tax cuts.

7.  http://www.cnn.com/2012/06/05/opinion/etzioni-economy-deadlines/index.html

Given by experts, opinions are offered that propose possible or even likely situations that could or will occur if the economy continues to suffer.

8.  http://money.cnn.com/galleries/2012/news/economy/1206/gallery.Obama-economy/12.html

This website provides visual representations of the occurrences present in our economy today, ranging from job growth to amount of federal spending.

9.  http://www.defeatthedebt.com/understanding-the-national-debt/how-much-do-we-owe/

This website gives a breakdown of how the national debt is divided and how much each part contributes to the whole amount.

10. http://www.theatlantic.com/international/archive/2012/09/chinas-economy-and-the-future-of-american-fear/262970/

This link gives the insight of the American people and their reaction from excessive amounts of money being borrowed from the Chinese Government. 

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Working Together

Image

 

While this project was to be done independently, I enjoyed reading others blogs to not only gain experience, but also to learn about major topics in this election to become a more informed voter.

My fellow Intergalactic Liger League member wannabeforeigner wrote her blog on the topic of nonproliferation, which is the act of calling for an end to the acquisition of nuclear weapons.  What makes this blog so interesting is that it provides a very valid concern; if nuclear weapons have the potential to end life on Earth, why are they not receiving more attention? This blog has opened my eyes and brings the much needed attention of this, and quite frankly I am scared to death! This really should be discussed by the candidates more.

As someone who knew little to nothing about politics, I was unsure what healthcare was. However, upon reading offtheturniptruck’s blog, I feel more educated. Healthcare, the provision of medical services, is a very controversial topic in this election. The author of this blog provides insight of both party’s plans concerning healthcare and is definitely credible and unbiased. Also, I enjoyed making the connections between this blog and my own. 

Finally, my good buddy down2frack is very similar to wannabeforeigner in the fact that he chose to describe a topic that wasn’t very well known. Fracking, which is so unheard of that typing this on Microsoft I still get the red squiggly line, is a drilling technique that involves the injection of water and various chemicals in order to extract natural gas. Like proliferation, I believe this topic deserves more attention and down2frack provides the needed devotion. Not to mention, the author is pretty hilarious.

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What if? An Implications Post Concerning the U.S. Economy

 

As humans we learn by example; the bad part is that it takes something terrible happening for us to realize our faults. Unfortunately, there isn’t much a person, state, or nation can do to prevent themselves from being the example. When it comes to the economy, Greece had the “honor” of being the scapegoat. “Those who ignore history are doomed to repeat it,” said George Santayana.

With the taxmageddon less than 100 days away and 16 trillion dollars in debt, it is obvious that America has not heeded the advice of Mr. Santayana.

At this point, every American has heard promise after promise from just about anyone in a suit that he/she can fix the economy. But, to the dismay of my Sophomore English Teacher (sorry Mr. Cook), I have to wonder; What if? What if, despite constant promises of change and a new day, unemployment rates don’t go down; or the debt continues to rise? There are a few possibilities; first being that the President Obama, Romney, or even Ron Paul could fix the economy and we go back to being whatever we were before we got into this mess. However, as nice as that would be, many Americans have lost hope and feel that other outcomes are imminent.

The biggest fear of many Americans is that we will fall into another Great Depression. Although unemployment rates are significantly lower than during the Great Depression of the early 1900s, it is possible they could rise again. There is talk of raising taxes and, depending on the outcome of next week’s election, they could possibly become a reality very soon. What happens if we go into so much debt that we have no possible way to pay it off? We borrow some. Borrowing is fine, as long as the borrower gets repaid.

As of January 30th, 2012, the Debt Ceiling, or the amount of money that the U.S. Government is legally allowed to be loaned was set at 16.394 trillion dollars. It is estimated that 1.16 trillion dollars has been loaned from China. Just like a mob leader, other countries seem to get angry when you can’t pay them back. The key point is this; if the American economy is not fixed or on a successful path soon, it is very possible we become dependent on China to survive. Then, what is stopping them from completely gaining ownership over the United States? While this sounds like an unreasonable domino effect, it is not. This is a scary reality that can only be prevented if this economy is fixed. But how?

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“Without presidential leadership…nothing can be accomplished.”

As shown by the graph below, the national debt is currently at an all-time high and growing. Previously, I examined Mitt Romney’s plan to reduce the debt. This blog will focus on President Obama’s debt reducing plan.

On the topic of the deficit during the first presidential debate, Obama stated that his new plan would cut around a trillion dollars a year. This plan, a combination of taxes and spending cuts, would impact many professions and classes. For example, in the medical field, Obamacare and the Affordable Care Act will be enacted to reduce “…wasteful subsidies and erroneous payments while changing some incentives that often lead to excessive health care costs,” President Obama stated in a speech in the Rose Garden.

In 2009, Obama promised to cut the deficit by half by the end of his first term. However, with more than 16 trillion dollars in debt, we have far missed that mark. Now, Obama plans to reduce the debt by 4 trillion dollars over the ten years. Just like his previous ideas, further analysis of individual aspects of his plan has proved it to be ineffective and counterproductive. Experts conclude that Obama’s plan would still add 6.7 trillion dollars to the debt.

With Obama pushing to raise the debt ceiling (definition) yet again, the economy will continue to suffer. We have surpassed a small loan and at this rate, are becoming too dependent on charity from other nations. Many believe Obama should become the adult and put more emphasis on this issue.

http://thehill.com/video/senate/228479-mcconnell-obama-needs-to-become-the-adult-raise-discussion-on-debt-deficit

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