Presidential Election Of 2012 Case Study

In the book Hamilton’s Blessing, Gordon uses economic history and theory to explore the start, rise and decline of the United States debt. Gordon opens his book by stating that this country was born in debt, and this debt has become so high that concerned individuals no longer think of it. Throughout the book, he traces the history of the national debt dating back from 1791, when the central bank of the United States was created, up to modern days. The intellectual architect of this creation was Alexander Hamilton, the first Treasury Secretary as well as a central figure who had a deep impact on the economic development of the United States. The title of the book clearly recalls Hamilton's statement that a national debt, "if not excessive,

The recent clash between the president and congress about raising the debt ceiling made the front page on every newspaper throughout the country and generated controversy of unimaginable proportion among the citizens of the United States of America (College for Financial Planning). No macroeconomics issue is more controversial today than the impact of large public debt on the economy and on future generations, but, however, there appears to be a huge disconnect between professional, political leaders, and the ordinary public about the national debt and its impact on the current and future

The current election between Barrack Obama and challenger Mitt Romney is about America's future based upon different visions. To fully understand these contrasting views requires examining the stance of each individual in areas such as: the candidate's vision of America, how they differ, the way they are similar and their beliefs on health care / job creation. Together, these elements will highlight the approach they will be utilizing to address a host of problems.

Economically there are many challenges we face as a country with our current fiscal policies. Since the 2008 financial crisis, there have been many debates in regards to how we should go about managing our financial system. Unfortunately, we as team believe that in order for us to stabilize our nation financial issues we are going to have to make restrictions in certain channels, which might affecting our way of life. One area needing attention is government spending and how it has to be reduced, and this would have a ripple effect in certain areas. Our elected officials will have to come to a compromise and determine which sectors are costly and can be reduced.

Many believe the country's dramatic decent into debt began with a choice, not a crisis. In January of 2001, with the budget balanced, the Congressional Budget Office (CBO) forecast that the nation would have over a $2 trillion dollar surplus by 2010, enough money to pay off the entire national debt. In the years following 2001 political leaders chose to cut taxes, increase spending, and wage two wars solely with borrowed funds (Montgomery, 2011). Today the national debt is larger, as a percentage of the economy, than at any time in U.S. history except for the period shortly after World War II.

Many United States' citizens are unaware of the country's current financial state. Many assume that one of the world's wealthiest countries could never be in debt. This is untrue however, and, in fact, the country with the greatest income per capita is in major debt. This study will examine possible solutions to reducing the United States' national budget deficit.

Given the critical circumstances the United States economy faces today, the current fiscal policy, in addition to the changes that will be made in the future, is under intense scrutiny. During the Obama administration, which will soon come to an end in about six months, a variety of policies were created in attempts to create employment, raise our GDP, and boost the state of the economy, among other ideas. The fiscal policies created by Congress and the President demonstrate success in some areas, while failing in other areas, as many, including myself, would argue. As the 2016 election quickly approaches, it is important to remember previous fiscal mistakes and successes, and the current economy, in order to better grasp what will be necessary for a successful fiscal policy in the future.

“Today I face you and say the challenges are real. They are serious and many,” Obama stated on inauguration day. Obama need to pull things together with bold and quick actions. Yet it seemed that borrowing was the only answer to this out of control situation. And he did just that, taking hundred of billions to bail out the banks and other institutions; tens of billions more for the auto industry; $275 billion for homeowners and the mortgage lenders; and $787 billion stimulus package to jump-start an economy spiraling downward. Much like the Bush administration, Obama and his administration are borrowing just as much, added to the deficit. It is unclear what exactly the future will look like for America as the economy is spiraling downward and other countries are becoming stronger.

We hear about the debt almost every day: news talks about it, politicians argue about it, even President Obama gives speeches on it. So what is the significance behind it? In this article I am going to explain briefly what the national debt is, how big it is, and what it has to do with us.

Incumbent Barack Obama battled it out against Republican Mitt Romney. Their campaign styles, reputation, and platforms were the ultimatum of the outcome of the general election. The economic conditions both in 2012 and leading up to that year were at devastatingly low points, where unemployment rate was a boggling 10%, highest it had been since the 1982 recession. Although, Romney came from a political family it unfortunately wasn’t enough to sway the voters’ opinions causing him to lose the presidential election. Our nation was dealing with a plethora of significant issues during this time and the citizens wanted a president who could promise to resolve those conflicts. Obama, being a returning president allowed voters to put their trust in

While there are many issues that America faces, there is one problem that stands out to be greater than the rest. The notable problem that our Nation faces is National debt. Our nation’s debt is a dramatic problem due to the fact that America has been in debt for almost two hundred and twenty eight years, and continuing to increase every day.

The 2012 presidential election was fundamentally different than the presidential election of 2004. In 2004, George W Bush defeated John Kerry with 62,028,719 votes, which was essentially 50.8 percent of the ballots cast. In 2004 the issue that was of most concern for Americans was terrorism. Furthermore, the attacks on September 11th 2001 served in bringing the country together to help secure the win for Bush. The polling data shows that 52 percent of the people believed that Bush would do a better job dealing with terrorism and homeland security, versus 29 percent for Kerry. Voters seemed to prefer Bush in dealing with problems in Iraq, 50 to 37 and furthermore, on moral issues, by 47 to 29. Kerry was ahead 48 to 32 on jobs and unemployment and by a fairly wide margin of 51 to 28 on health care. When comparing how people voted, Kerry had the majority of

Democrat Ralph Northam's victory in the 2017 Virginia gubernatorial election means the newly elected governor will most likely continue to advocate for increased access to Medicaid, which will help ensure that the poor will have more health care coverage. Northam is also a doctor, and has used his experience in the medical industry to inform his political views on health care. He believes that increased coverage through government programs such as Medicaid can help ensure that people do not face economic disadvantages when they become ill. Without government assistance, many poor families cannot afford to get sick, due to the high costs of medical care.

The objective of this study is to examine the issue of the fiscal cliff and to answer as to whether sequestering has economic validity. This study will also answer the question of whether sequestering is an economic or political decision and if good politics and economics go hand-in-hand.

Under President Bush, the national debt continued to increase. Annual interest payments on the debts were the third-largest item in the federal budget after defense and Social Security. In 1992, the last year of President Bush’s presidency, a statistic support that the economy grew at 2.4% in the 1st quarter and, yet, according to polls, 70% of the people still think the internal economic is getting worse under President Bush.18