Countdown to the 2012 presidential election
The economic and fiscal challenges we face are not specific to a political party, but issues either candidate or party will face in the future. Some of the fiscal and economic challenges we face today have not been caused by any one president or administration, but by each president and administration dating back to the 1960s. Over the past 50 years, government has moved from an enabler of the economy, markets and investment to, in many cases, a prohibitor of growth; government spanning the past several decades is no longer able to invest for the longer term due to escalating spending and debt levels, and thus is compelled to solve shorter-term policy decisions in a reactionary manner.
For the United States to experience enhanced growth ahead, the country and government need to develop solutions around entitlement, spending and tax reform and refocus the country’s attention on investments in energy, technology, infrastructure and manufacturing for not only this generation, but for future generations as well.