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Tue, Jul 26th 2011, 01:29

Eric Carrera Lowe, Asian Business Consultant , (4)

I don't think any president can create jobs, although he can create environment for jobs to appear. He did get more government jobs due to spending in the public sector. He also keep jobs through the stimulus package, where prevent massive shut down in certain industries like car industry for example. However for new jobs to appear, the government has to create laws, tax breaks for start ups and encourage private participation in public works like roads, trains, toll roads are among a few. These had worked in Europe & Asia for many years, but for some unknown reason there is resistance for an infrastructure fund or bank. Investment in a country's infrastructure is of vital importance in its development, as we have seen in Asia, Middle East and Europe. It is really ridiculous that we could afford to built bridges & roads in Afghanistan, but cannot afford the same in our own country. As for the debt ceiling, it is much too late to save the AAA Rating. We simply have to cut spending (especially the wasteful ones), Defense (get out of the two wars) and end tax holidays for the rich and subsidies. If we could do all these things, we could have enough time to really tackle the real trouble in America. The current tax system, reform Medicare & Medicate (without the massive cuts) and reduce the profits of drug companies & high costs of insurance. Which are the two reasons why health care is so expensive.