The first question: have you seen Obama’s abysmal approval ratings lately? The second question: is anyone surprised? The administration that was supposed to usher in a new era of “hope” and “change” has fallen short of providing the American people with the prosperity they deserve. In fact, the myopic, overbearing policies being implemented in Washington by the party in power will have regressive implications on our financial success far into the future, especially for agriculture.
When businesses across the nation are struggling to recover from a crippling recession, the Democrats have been pushing job killing cap and trade legislation. Finally, they have abandoned this crippling crusade, for the moment (think what they will do if the American people don’t rein them in this November).
Now is the time to restore confidence in investors, yet capital gains and dividend taxes will be escalated to detrimental levels if Democrats take no action. Companies are currently sitting on record amounts of cash; afraid to leave the sidelines for fear that their risks will be met by a barrage of regulatory weight. Logical, comprehensive financial reform could help our economy move forward into the future in a manner that protects consumers and promotes innovation, but instead Congress passed a bill that creates unnecessary bureaucratic red tape and punishes tax payers. If you don’t believe me, listen to the financial experts who know that our economy is once again precariously balanced on a dangerous tipping point.
President Obama and the Democratic Party are grasping for a limb, but their failure to provide solid leadership has come back to haunt them. November 2 is coming, and we have an unprecedented opportunity as Americans and Texans to regain our country and move it in a direction that encourages and promotes our free enterprise system – you remember, the one that built the most powerful economy in the world. Really, the future is up to you.
