ItÂ has become evident now that the age of cheap oil that fueled theÂ American economic explosion of the 20th century has left with theÂ last bus out of town. In its absence, the pragmatist amongst usÂ recognize that we will never again replicate those growth figures,Â and in the face of our bloated public debts and perpetuallyÂ increasing budget deficit, coupled with our now mainly service ledÂ economy, the effects of globalization and the relocation of ourÂ manufacturing centers outside of the country, we are facing a veryÂ credible threat of economic failure, or at the very least, a lengthyÂ period of negative growth.
Our currentÂ economic model requires an extensive makeover, our failed policiesÂ need a rewrite and our need for an economic giant to lead us out ofÂ this quagmire is dire. To quote the words of the Clinton War RoomÂ personnel, â€śItâ€™s the economy stupid!â€ť. This will most probablyÂ be the single most defining issue of the coming presidential race.
â€˘ Giving tax cuts to businesses to encourage growth and hiring of more workers.
â€˘ Abolish marriage penalty and death tax and advocate further tax cuts.
â€˘ The economy will improve when the government stops interfering in business matters.Â Businesses should not be curtailed by excessive government regulations.
â€˘Â In order to get more jobs we need to change our thinking and adaptation. We cannot just bring back jobs that are no longer there so we must create new ones. This means changing our thinking and careers.