Saturday, November 12, 2011

How possible future presidents would handle economy, jobs, image

*This article was originally published by the Viễn Đông on 12 November 2011. It was reported by Vanessa White.

ROCHESTER, Michigan—Aside from the candidates speaking about why they are the best pick for the Presidency, they stood united on the stage, refusing to talk poorly about each other.
Their targets instead were President Barack Obama and the mainstream news media.
The debate, called “Your Money, Your Vote: The Republican Presidential Debate,” hosted by CNBC, showcased the same eight 2012 GOP Presidential candidates on 9 November 2011 that have been consistently showcased in the debates since early September.
Although CNBC anchorwoman Maria Bartiromo announced that the debate would “focus almost exclusively on the economy and how to fix the financial problems of the country,” some of the commentators raised personal questions, while some of the candidates brought up outside issues in their answers.
For example, when Minnesota Republican Congresswoman Michele Bachmann was asked how she would create jobs as quickly as possible if she became U.S. President, she included in her answer, “We have to build the fence on America’s southern border and get a grip on dealing with our immigration problem.”
Though connected to the economy, the immigration debate is layered with many other issues attached.
U.S. economy
Nearly every issue occurring within the United States can be tied into the U.S. economy, which is the world’s largest national economy. Even some issues outside of the United States can reportedly affect the U.S. economy.
Like Italy’s financial disaster, for instance, causing uncertainty in the international stock market, where U.S. businesses and individuals often invest money.
However, former Massachusetts Governor Mitt Romney said, “Europe is able to take care of their own problems. We don’t want to step in and try and bail out their banks or bail out their governments.”
Former Governor Romney added that taxpayer money would not be used to bail out U.S. banks either if he was elected President, something President Obama and former President George W. Bush have done through the Federal Reserve System (FRS) with banks like Goldman Sachs and JPMorgan Chase.
“This bubble was predictable, because 40 years ago we had no restraints whatsoever on the monetary authorities,” Texas Republican Congressman Ron Paul said, when asked whether he would let banks fail instead of bailing them out. “If you keep bailing people out and prop it up, you just prolong the agony.”
Congressman Paul has been a consistent critic of the FRS, which is the core banking system of the United States. Along with former Speaker of the House, Mr. Newt Gingrich, Congressman Paul believes the FRS should be audited and made to explain why certain banks were bailed out.
Their views on the FRS are similar to what Occupy Wall Street protesters throughout the United States have called for since the Occupy protests began in New York City and San Francisco in September 2011. The Occupy protests have expanded to include cities worldwide, whose people are speaking out against social and economic equality.
However, Mr. Gingrich said that the neither protesters nor the news media accurately discuss the economy.
“This is the richest country in the history of the world because corporations succeed in creating both profits and jobs,” he said.
In order to create those jobs, former Pennsylvania Senator Rick Santorum said that U.S. businesses need to be competitive, something the U.S. government has made impossible.
“I was always for having the government out of the health care business and for a bottom-up, consumer-driven health care,” he said, mentioning his work as a lawmaker since the early 1990’s, adding that the national health care system, commonly called “Obamacare” needs to be repealed.
Texas Governor Rick Perry agreed that the next U.S. President would need to “trust the capital markets and private sector to make the decisions” and “let the consumers pick winners and losers.”
Former Utah Governor Jon Huntsman said that the United States is an unnaturally divided nation, quickly spending money, lacking ability to compete, and refusing to address the issue of unemployment.
Presidential Image
Ms. Bartiromo addressed Mr. Herman Cain, a Georgia businessman, saying that though the American people want jobs, they also want leadership. Then, she mentioned Mr. Cain had been accused of sexual misconduct with four different women.
She was booed by the crowd.
“The American people deserve better than someone being tried in the court of public opinion based on unfounded accusations,” Mr. Cain said. “The voters have voted with their dollars and they are saying they don't care about the character assassination. They care about leadership and getting this economy growing and all of the other problems we face.”
California’s 34th Senate District Democrat Senator Lou Correa, who has somewhat been following the debates, told the Viễn Đông that the media is guaranteed certain freedoms, giving them the right to reveal what it finds out about Mr. Cain’s personal life.
“In politics there is no foul ball,” Senator Correa said. “It’s a contact sport.”

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