The Debate

             In the coming presidential election the American public is faced with two choices in order to deal with the current economic ordeal. Either they elect Obama and raise taxes to pay the deficit while broadening the social safety net or they elect Romney who would cut government spending and allow the economy to grow. This decision will define what the U.S. economy will look like in the coming years.

            If Obama gets elected business will be even more restricted by government regulation and will be less likely to thrive. The United States will continue to borrow from China and people can expect to see more easy money to banks and bailouts if things get tough again. On the other hand Romney will allow businesses to fail and allow the principles of the free market to actually take effect. The government will dramatically shrink. Although, bailouts and easy money will probably not be over, it will be less certain to happen.It must be noted though, that Romney did not went in specifics and this diminishes the validity of his arguments.

            Personally I don’t like either very much. I am a Libertarian and would like to have seen Gary Johnson on the debate. My problem with Obama is that he is a socialist that wants to redistribute wealth and risk for the betterment of society. For the same token my problem with Romney is that he thinks that defense spending should increase.  However, I’ll say this, they are both very smart individuals and they are both clearly presidential material.