President Obama and Governor Mitt Romney had the first Presidential debate yesterday. Most of the polls indicate a clear win for Romney. Many commentators refer to the primaries that Romney had through for his well-prepared speech during the debate.
He enlisted the taxes that small business has to pay, and said more than half of the revenue will go to taxes. He pointed out that it is they are the ones who suffer from the unfair tax codes. Small business hires more than 60% of workforce in the States. Boosting their business will create jobs indeed.
While this argument might sound familiar, it means different from the mouth of the head of the Republican party, which receives huge donation money from big businesses. The former CEO of the Bain capital sounded more plausible in talks of business and how he care for it as well. There are voices that Obama repeated saying the same things.
Romney said we need some regulations including the sort that is in Dodd-Frank. He said bailing out the big banks that are too big to fail and letting small banks bankrupt is not right. He did not clarify whether he regards the oligarchy would be harmful to the economy or not. He might be referring to the amount or unfairness of tax dollars going to particular companies despite the money again donated heavily to his party.
The subsidies to oil companies, Romney said, is small compared to over $90 billion dollars that go to 'green energy' companies. However small it may seem to him, billions of dollars go to the oil companies which donate again heavily to the Republican party. Meanwhile the President insisted to get this nation energy independent in coming years.
The large portion of the teachers' union money goes to the Obama side. He emphasized the nation's needs for math and science education. Romney on the other hand, while praising the effort for the schools to be evaluated for their students' performances, would leave it to each state. The former Massachusetts governor touted the achievement of the schools in Massachusetts despite his low rating there in this race.
The governor Romney sounded hopeful, optimistic, and trustworthy. He has even shown some confidence in running the office while the President was silent when he said he will bring the both parties together. Could he lead this nation with same enthusiasm throughout?
Neither referred to global warming. Many pointed out they never said a word on women's issues. Romney denied to tax the riches while during the Obama Administration, in 2010, 93% of the increase of income is attributed to only 1% of the top earners, according to a research. He did not call for a war but said he would spend the tax money on military. Despite the Romney's styles and articulation, neither had brought us the solutions to the problem of the debts. The numbers of the plans that they presented simply do not add up. Romney briefly mentioned $16 trillion debts that the Obama Administration accumulated. He added that the debts are increasing over $1 trillion debts each year. It is the debts that sacrifices the nation's economy in the future and lessens the ability to cope with the problems in the international arena now.
Let us hope then this race will bring solutions to problems that we face. And that the hopeful leaders will guide us through this tough economic times.